In the past week, GIS stock has gone up by 5.72%, with a monthly gain of 3.50% and a quarterly surge of 12.65%. The volatility ratio for the week is 1.35%, and the volatility levels for the last 30 days are 1.64% for General Mills, Inc.. The simple moving average for the past 20 days is 3.04% for GIS’s stock, with a 6.45% simple moving average for the past 200 days.
Is It Worth Investing in General Mills, Inc. (NYSE: GIS) Right Now?
General Mills, Inc. (NYSE: GIS) has a higher price-to-earnings ratio of 16.33x compared to its average ratio, The 36-month beta value for GIS is at 0.14. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 15 as “hold,” and 3 as “sell.”
The public float for GIS is 562.72M, and currently, shorts hold a 2.76% of that float. The average trading volume for GIS on April 23, 2024 was 4.25M shares.
GIS) stock’s latest price update
The stock price of General Mills, Inc. (NYSE: GIS) has jumped by 1.07 compared to previous close of 70.42. Despite this, the company has seen a gain of 5.72% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-19 that General Mills (GIS) reported earnings 30 days ago. What’s next for the stock?
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 6.70% 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 -21.70% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares surge +3.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.10% upper at present.
During the last 5 trading sessions, GIS rose by +5.72%, which changed the moving average for the period of 200-days by -6.88% in comparison to the 20-day moving average, which settled at $69.18. In addition, General Mills, Inc. saw 9.26% 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 2.58. 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
In conclusion, General Mills, Inc. (GIS) has had a better performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others 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.
