At the time of writing, General Mills, Inc. [GIS] stock is trading at $66.98, up 1.00%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GIS shares have gain 3.68% over the last week, with a monthly amount glided 5.13%, 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 July 16, 2024, when Argus downgraded its rating to a Hold. Previously, Bernstein upgraded its rating to Mkt Perform on May 15, 2024, and elevated its price target to $70. On February 01, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $67 on the stock. RBC Capital Mkts reiterated its Sector Perform rating and decreased its price target to $72 on December 21, 2023. HSBC Securities initiated its recommendation with a Hold and recommended $74 as its price target on September 22, 2023. Piper Sandler reiterated a Overweight rating for this stock on September 18, 2023, and downed its price target to $77. In a note dated September 18, 2023, JP Morgan reiterated an Neutral rating on this stock and revised its target price from $71 to $69.
For the past year, the stock price of General Mills, Inc. fluctuated between $60.33 and $76.15. Currently, Wall Street analysts expect the stock to reach $75.42 within the next 12 months. General Mills, Inc. [NYSE: GIS] shares were valued at $66.98 at the most recent close of the market. An investor can expect a potential return of 12.6% based on the average GIS price forecast.
Analyzing the GIS fundamentals
According to General Mills, Inc. [NYSE:GIS], the company’s sales were 19.86B for trailing twelve months, which represents an -6.28% plunge. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.18%, 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 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.39.
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 65.94 points at the first support level, and at 64.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.64, and for the 2nd resistance point, it is at 68.29.
Ratios To Look Out For
It is important to note that General Mills, Inc. [NYSE:GIS] has a current ratio of 0.65. In addition, the Quick Ratio stands at 0.38 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 3.99 and price to earnings (TTM) ratio is 15.55.
Transactions by insiders
Recent insider trading involved Shaffer Werner Lanette, Chief Innovation Officer, that happened on May 13 ’24 when 710.0 shares were sold. Group President, Nudi Jonathon completed a deal on Mar 22 ’24 to sell 10000.0 shares. Meanwhile, Director MORIKIS JOHN G sold 55.0 shares on Feb 22 ’24.
