The stock of General Mills, Inc. (GIS) has gone down by -0.19% for the week, with a 8.90% rise in the past month and a 7.71% rise in the past quarter. The volatility ratio for the week is 1.68%, and the volatility levels for the past 30 days are 1.95% for GIS. The simple moving average for the past 20 days is 2.52% for GIS’s stock, with a 3.88% simple moving average for the past 200 days.
Is It Worth Investing in General Mills, Inc. (NYSE: GIS) Right Now?
The price-to-earnings ratio for General Mills, Inc. (NYSE: GIS) is 16.06x, which is above its average ratio. Moreover, the 36-month beta value for GIS is 0.14. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 15 as “hold,” and 3 as “sell.”
The public float for GIS is 562.73M and currently, short sellers hold a 2.45% of that float. On April 09, 2024, GIS’s average trading volume was 4.30M shares.
GIS) stock’s latest price update
General Mills, Inc. (NYSE: GIS) has seen a rise in its stock price by 0.30 in relation to its previous close of 69.79. However, the company has experienced a -0.19% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that Let’s see if it’s time to invest in these iconic companies for more upside with GE Aerospace’s (GE) stock soaring +23% this year and General Mills’ (GIS) shares up a respectable +8%.
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 6.23% 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 -22.98% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares surge +7.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.58% upper at present.
During the last 5 trading sessions, GIS fell by -0.19%, which changed the moving average for the period of 200-days by -13.98% in comparison to the 20-day moving average, which settled at $68.52. In addition, General Mills, Inc. saw 7.46% 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 Nudi Jonathon, who sale 10,000 shares at the price of $69.21 back on Mar 22 ’24. After this action, Nudi Jonathon now owns 93,381 shares of General Mills, Inc., valued at $692,109 using the latest closing price.
MORIKIS JOHN G, the Director of General Mills, Inc., sale 55 shares at $65.76 during a trade that took place back on Feb 22 ’24, which means that MORIKIS JOHN G is holding 5,802 shares at $3,617 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 2.55. 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 wrap up, the performance of General Mills, Inc. (GIS) has been mixed in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. 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.
