The stock of General Mills, Inc. (GIS) has gone down by -2.91% for the week, with a -7.70% drop in the past month and a 7.47% rise in the past quarter. The volatility ratio for the week is 1.57%, and the volatility levels for the past 30 days are 1.47% for GIS. The simple moving average for the past 20 days is -4.89% for GIS’s stock, with a 1.07% 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 16.39x, which is above its average ratio. Moreover, the 36-month beta value for GIS is 0.09. 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.”
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The public float for GIS is 552.94M and currently, short sellers hold a 3.36% of that float. On October 22, 2024, GIS’s average trading volume was 3.44M shares.
GIS) stock’s latest price update
General Mills, Inc. (NYSE: GIS)’s stock price has gone decline by -1.66 in comparison to its previous close of 69.93, however, the company has experienced a -2.91% decrease in its stock price over the last five trading days. marketbeat.com reported 2024-10-21 that Buying oversold stocks is not a question of one man’s trash being another’s treasure. In many cases, it’s simply the ability to look at specific fundamental or technical indicators as a way to identify stocks that are buying opportunities.
Analysts’ Opinion of GIS
Many brokerage firms have already submitted their reports for GIS stocks, with Goldman repeating the rating for GIS by listing it as a “Buy.” The predicted price for GIS in the upcoming period, according to Goldman is $76 based on the research report published on August 12, 2024 of the current year 2024.
Bernstein gave a rating of “Mkt Perform” to GIS, setting the target price at $70 in the report published on May 15th of the current year.
GIS Trading at -4.86% 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 -9.39% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares sank -7.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.51% lower at present.
During the last 5 trading sessions, GIS fell by -2.91%, which changed the moving average for the period of 200-days by +4.61% in comparison to the 20-day moving average, which settled at $72.31. In addition, General Mills, Inc. saw 5.57% 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 Pallot Mark A, who sale 8,083 shares at the price of $71.28 back on Oct 15 ’24. After this action, Pallot Mark A now owns 14,813 shares of General Mills, Inc., valued at $576,149 using the latest closing price.
Pallot Mark A, the Officer of General Mills, Inc., proposed sale 8,083 shares at $71.28 during a trade that took place back on Oct 15 ’24, which means that Pallot Mark A is holding shares at $576,150 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 0.12. The total capital return value is set at 0.14. Equity return is now at value 24.60, with 7.62 for asset returns.
Based on General Mills, Inc. (GIS), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.44. The interest coverage ratio of the stock is 13.9.
Currently, EBITDA for the company is 4.21 billion with net debt to EBITDA at 3.07. 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 10.74for trailing twelve months and the total asset turnover is 0.62. 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.
