In the past week, GIS stock has gone up by 2.07%, with a monthly gain of 5.85% and a quarterly surge of 7.68%. The volatility ratio for the week is 2.95%, and the volatility levels for the last 30 days are 1.90% for General Mills, Inc. The simple moving average for the last 20 days is 4.87% for GIS stock, with a simple moving average of 1.82% for the last 200 days.
Is It Worth Investing in General Mills, Inc. (NYSE: GIS) Right Now?
General Mills, Inc. (NYSE: GIS) has a price-to-earnings ratio that is above its average at 15.86x. The stock has a 36-month beta value of 0.14. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 15 as “hold,” and 3 as “sell.”
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The public float for GIS is 562.72M, and at present, short sellers hold a 2.46% of that float. On March 26, 2024, the average trading volume of GIS was 4.21M shares.
GIS) stock’s latest price update
General Mills, Inc. (NYSE: GIS)’s stock price has plunge by 0.06relation to previous closing price of 69.10. Nevertheless, the company has seen a 2.07% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-20 that In this article, I discuss three dividend stocks that offer little to no margin of safety from recent prices. Altria Group has struggled to turn around its core smoking market and faces challenges in growing newer businesses. There’s a potential for a dividend cut. Archer-Daniels-Midland is an asset-heavy company with intense competition and no discernible competitive advantage. The recent rebound rally in price is unjustified.
Analysts’ Opinion of GIS
Many brokerage firms have already submitted their reports for GIS stocks, with Citigroup repeating the rating for GIS by listing it as a “Neutral.” The predicted price for GIS in the upcoming period, according to Citigroup is $67 based on the research report published on February 01, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see GIS reach a price target of $72, previously predicting the price at $74. The rating they have provided for GIS stocks is “Sector Perform” according to the report published on December 21st, 2023.
HSBC Securities gave a rating of “Hold” to GIS, setting the target price at $74 in the report published on September 22nd of the previous year.
GIS Trading at 6.76% from the 50-Day Moving Average
After a stumble in the market that brought GIS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.93% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +6.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.64% upper at present.
During the last 5 trading sessions, GIS rose by +2.07%, which changed the moving average for the period of 200-days by -15.17% in comparison to the 20-day moving average, which settled at $66.14. In addition, General Mills, Inc. saw 6.14% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GIS starting from MORIKIS JOHN G, who sale 55 shares at the price of $65.76 back on Feb 22 ’24. After this action, MORIKIS JOHN G now owns 5,802 shares of General Mills, Inc., valued at $3,617 using the latest closing price.
Nudi Jonathon, the Group President of General Mills, Inc., sale 7,671 shares at $64.15 during a trade that took place back on Jan 29 ’24, which means that Nudi Jonathon is holding 102,924 shares at $492,121 based on the most recent closing price.
Stock Fundamentals for GIS
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.34 for the gross margin
The net margin for General Mills, Inc. stands at 0.13. The total capital return value is set at 0.15. Equity return is now at value 25.97, with 8.23 for asset returns.
Based on General Mills, Inc. (GIS), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.33. The interest coverage ratio of the stock is 7.8.
Currently, EBITDA for the company is 3.2 billion with net debt to EBITDA at 2.75. When we switch over and look at the enterprise to sales, we see a ratio of 2.53. The receivables turnover for the company is 11.39for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
To sum up, General Mills, Inc. (GIS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
