Wall Street Analyst Initiated General Mills Inc. [GIS]. What else is Wall St. saying

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General Mills Inc. [NYSE: GIS] traded at a high on 07/28/22, posting a 1.06 gain after which it closed the day’ session at $74.60. The company report on July 27, 2022 that General Mills Invests $2.3 Million to Advance Regenerative Agriculture in Canada With ALUS.


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Today, General Mills and ALUS announced a multi-year partnership to support farmers and accelerate regenerative agriculture in Manitoba and Saskatchewan, Canada – key regions where General Mills sources oats for brands like Cascadian Farm, Cheerios, and Nature Valley.

The U.S. $2.3 million investment enables ALUS to grow its community-led programming with a focus on soil health through its new Growing Roots pilot program, offering both technical and financial assistance to farmers. The partnership aims to remove barriers to entry and maximize benefits for local producers, communities, and the environment.

The results of the trading session contributed to over 3083894 shares changing hands. Over the past one week, the price volatility of General Mills Inc. stands at 2.08% while the volatility over the past one month is 1.88%.

The market cap for GIS stock reached $44.23 billion, with 604.20 million shares outstanding and 596.22 million shares in the current float. Compared to the average trading volume of 3.75M shares, GIS reached a trading volume of 3083894 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $73.78 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 2.90. 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.

UBS have made an estimate for General Mills Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 30, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price from $63 to $70. The new note on the price target was released on October 01, 2021, representing the official price target for General Mills Inc. stock. Previously, the target price had yet another raise from $65 to $66, while RBC Capital Mkts kept a Sector Perform rating on GIS stock. On September 21, 2021, analysts decreased their price target for GIS shares from 57 to 51.

The Average True Range (ATR) for General Mills Inc. is set at 1.49, with the Price to Sales ratio for GIS stock in the period of the last 12 months amounting to 2.33. The Price to Book ratio for the last quarter was 4.28, with the Price to Cash per share for the same quarter was set at 0.96. Price to Free Cash Flow for GIS in the course of the last twelve months was 29.43 with Quick ratio for the last quarter at 0.40.

How has GIS stock performed recently?

General Mills Inc. [GIS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.05. With this latest performance, GIS shares gained by 6.18% in over the last four-week period, additionally plugging by 10.03% over the last 6 months – not to mention a rise of 26.83% 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 56.96, with the RSI for the last a single of trading hit 56.27, and the three-weeks RSI is set at 57.00 for General Mills Inc. [GIS]. The present Moving Average for the last 50 days of trading for this stock 71.18, while it was recorded at 74.14 for the last single week of trading, and 67.79 for the last 200 days.

General Mills Inc. [GIS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and General Mills Inc. [GIS] shares currently have an operating margin of +16.73 and a Gross Margin at +33.08. General Mills Inc.’s Net Margin is presently recorded at +14.25.

Return on Equity for this stock inclined to 27.06, with Return on Assets sitting at 8.48.

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.

Earnings analysis for General Mills Inc. [GIS]

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 4.82%.

Insider trade positions for General Mills Inc. [GIS]

There are presently around $33,966 million, or 78.50% of GIS stock, in the hands of institutional investors. The top three institutional holders of GIS stocks are: VANGUARD GROUP INC with ownership of 50,858,055, which is approximately 0.248% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 48,512,369 shares of the stock with an approximate value of $3.62 billion in GIS stocks shares; and STATE STREET CORP, currently with $2.63 billion in GIS stock with ownership of nearly 2.285% of the company’s market capitalization.

Positions in General Mills Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 683 institutional holders increased their position in General Mills Inc. [NYSE:GIS] by around 25,166,009 shares. Additionally, 666 investors decreased positions by around 21,817,207 shares, while 261 investors held positions by with 408,325,959 shares. The mentioned changes placed institutional holdings at 455,309,175 shares, according to the latest SEC report filing. GIS stock had 111 new institutional investments in for a total of 1,928,382 shares, while 86 institutional investors sold positions of 1,218,560 shares during the same period.

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