General Mills Inc. [NYSE: GIS] gained 1.87% or 1.14 points to close at $62.14 with a heavy trading volume of 4543335 shares. It opened the trading session at $60.05, the shares rose to $62.30 and dropped to $59.93, the range by which the price of stock traded the whole day. The daily chart for GIS points out that the company has recorded 15.29% gains over the past six months. However, it is still -33.38% lower than its most recent low trading price.
If we look at the average trading volume of 5.19M shares, GIS reached to a volume of 4543335 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about General Mills Inc. [GIS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GIS shares is $62.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GIS stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for General Mills Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 15, 2020. While these analysts kept the previous recommendation, Bernstein raised their target price from $45 to $57. The new note on the price target was released on March 18, 2020, representing the official price target for General Mills Inc. stock.
The Average True Range (ATR) for General Mills Inc. is set at 1.53, with the Price to Sales ratio for GIS stock in the period of the last 12 months amounting to 2.25. The Price to Book ratio for the last quarter was 4.99, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for GIS in the course of the last twelve months was 28.91 with Quick ratio for the last quarter at 0.40.
Trading performance analysis for GIS stock
General Mills Inc. [GIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.20. With this latest performance, GIS shares gained by 5.73% in over the last four-week period, additionally plugging by 15.29% over the last 6 months – not to mention a rise of 19.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GIS stock in for the last two-week period is set at 57.43, with the RSI for the last a single of trading hit 55.61, and the three-weeks RSI is set at 56.28 for General Mills Inc. [GIS]. The present Moving Average for the last 50 days of trading for this stock 59.58, while it was recorded at 61.76 for the last single week of trading, and 54.66 for the last 200 days.
General Mills Inc. [GIS]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and General Mills Inc. [GIS] shares currently have an operating margin of +17.28 and a Gross Margin at +34.53. General Mills Inc.’s Net Margin is presently recorded at +10.39.
Return on Total Capital for GIS is now 12.81, given the latest momentum, and Return on Invested Capital for the company is 9.35. Return on Equity for this stock inclined to 26.56, with Return on Assets sitting at 5.67. When it comes to the capital structure of this company, General Mills Inc. [GIS] has a Total Debt to Total Equity ratio set at 205.40. Additionally, GIS Total Debt to Total Capital is recorded at 67.26, with Total Debt to Total Assets ending up at 47.28. Long-Term Debt to Equity for the company is recorded at 164.79, with the Long-Term Debt to Total Capital now at 53.96.
Reflecting on the efficiency of the workforce at the company, General Mills Inc. [GIS] managed to generate an average of $43,818 per employee. Receivables Turnover for the company is 8.71 with a Total Asset Turnover recorded at a value of 0.55.General Mills Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.60.
General Mills Inc. [GIS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, General Mills Inc. posted 0.83/share EPS, while the average EPS was predicted by analysts to be reported at 0.77/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GIS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for General Mills Inc. go to 5.83%.
An analysis of insider ownership at General Mills Inc. [GIS]
There are presently around $26,617 million, or 74.00% of GIS stock, in the hands of institutional investors. The top three institutional holders of GIS stocks are: VANGUARD GROUP INC with ownership of 50,278,200, which is approximately 2.352% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 48,577,320 shares of the stock with an approximate value of $2.96 billion in GIS stocks shares; and STATE STREET CORP, currently with $2.22 billion in GIS stock with ownership of nearly 0.131% of the company’s market capitalization.
Positions in General Mills Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 515 institutional holders increased their position in General Mills Inc. [NYSE:GIS] by around 43,561,116 shares. Additionally, 726 investors decreased positions by around 45,556,448 shares, while 202 investors held positions by with 347,231,031 shares. The mentioned changes placed institutional holdings at 436,348,595 shares, according to the latest SEC report filing. GIS stock had 87 new institutional investments in for a total of 3,843,742 shares, while 108 institutional investors sold positions of 8,038,958 shares during the same period.