General Mills, Inc. [GIS] stock prices are up 0.77% to $67.84 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GIS shares have lost -3.33% over the last week, with a monthly amount glided 1.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
General Mills, Inc. [NYSE: GIS] stock has seen the most recent analyst activity on February 01, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $67. Previously, RBC Capital Mkts reaffirmed its Sector Perform rating on December 21, 2023, and dropped its price target to $72. On September 22, 2023, HSBC Securities initiated with a Hold rating and assigned a price target of $74 on the stock. Piper Sandler reiterated its Overweight rating and decreased its price target to $77 on September 18, 2023. JP Morgan reiterated its recommendation of a Neutral and reduced its price target to $69 on September 18, 2023. TD Cowen started tracking with a Market Perform rating for this stock on September 13, 2023, and assigned it a price target of $70. In a note dated September 05, 2023, Exane BNP Paribas downgraded an Neutral rating on this stock but restated the target price of $72.
The stock price of General Mills, Inc. [GIS] has been fluctuating between $60.33 and $90.89 over the past year. Currently, Wall Street analysts expect the stock to reach $77.89 within the next 12 months. General Mills, Inc. [NYSE: GIS] shares were valued at $67.84 at the most recent close of the market. An investor can expect a potential return of 14.81% based on the average GIS price forecast.
Analyzing the GIS fundamentals
The General Mills, Inc. [NYSE:GIS] reported sales of 20.17B for trailing twelve months, representing a drop of -0.52%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.26 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 67.43 points at the first support level, and at 67.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.13, and for the 2nd resistance point, it is at 68.42.
Ratios To Look Out For
It’s worth pointing out that General Mills, Inc. [NYSE:GIS]’s Current Ratio is 0.66. Further, the Quick Ratio stands at 0.40, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 1.90, the price to book ratio is 4.06 and price to earnings (TTM) ratio is 15.57.
Transactions by insiders
Recent insider trading involved Nudi Jonathon, Group President, that happened on Mar 22 ’24 when 10000.0 shares were sold. Director, MORIKIS JOHN G completed a deal on Feb 22 ’24 to sell 55.0 shares. Meanwhile, Group President Nudi Jonathon sold 7671.0 shares on Jan 29 ’24.
