General Mills, Inc [GIS] stock prices are up 0.89% to $66.08 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 gain 0.81% over the last week, with a monthly amount glided 2.83%, 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 August 12, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $76. Previously, Argus downgraded its rating to Hold on July 16, 2024. On May 15, 2024, upgrade upgraded it’s rating to Mkt Perform and revised its price target to $70 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $67 on February 01, 2024. RBC Capital Mkts reiterated its recommendation of a Sector Perform and reduced its price target to $72 on December 21, 2023. HSBC Securities started tracking with a Hold rating for this stock on September 22, 2023, and assigned it a price target of $74. In a note dated September 18, 2023, Piper Sandler reiterated an Overweight rating on this stock and revised its target price from $88 to $77.
The stock price of General Mills, Inc [GIS] has been fluctuating between $61.47 and $75.90 over the past year. Currently, Wall Street analysts expect the stock to reach $74.22 within the next 12 months. General Mills, Inc [NYSE: GIS] shares were valued at $66.08 at the most recent close of the market. An investor can expect a potential return of 12.32% based on the average GIS price forecast.
Analyzing the GIS fundamentals
The General Mills, Inc [NYSE:GIS] reported sales of 19.80B for trailing twelve months, representing a drop of -1.15%. 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 0.12%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.44.
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 65.42 points at the first support level, and at 64.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.57, and for the 2nd resistance point, it is at 67.06.
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 0.39, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.85, the price to book ratio is 3.96 and price to earnings (TTM) ratio is 15.75.
Transactions by insiders
Recent insider trading involved SASTRE MARIA, Director, that happened on Nov 15 ’24 when 1000.0 shares were sold. Chairman of the Board & CEO, HARMENING JEFFREY L completed a deal on Oct 23 ’24 to sell 46500.0 shares. Meanwhile, Officer JEFFREY HARMENING bought 46500.0 shares on Oct 23 ’24.
