BofA Securities lifts General Mills Inc. [GIS] price estimate. Who else is bullish?

General Mills Inc. [NYSE: GIS] price plunged by -0.09 percent to reach at -$0.06. The company report on August 29, 2023 at 10:01 AM that Old El Paso™ is Huddling with the Watt Brothers to Rewrite Tailgate Playbook with Tex-Mex Lineup.

Score big this football season with Old El Paso and the Watt brothers as J.J., T.J. and Derek Watt put a taco-inspired spin on “The Waterboy” in new ad spot.

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Old El Paso™ is huddling with football’s hottest trio — J.J., T.J. and Derek Watt — to upgrade game day food options. While the brothers might compete over everything from who makes the best taco to who can eat the most tacos, they can all agree that there’s no better football meal than a Tex-Mex feast with Old El Paso. The Watt brothers and Old El Paso have the plays to tackle typical tailgate foods with “So. Many. Pasobilities” from Old El Paso’s versatile product roster, from seasonings and sauces to taco shells and taco kits that add a kick better than any field goal.

A sum of 3229240 shares traded at recent session while its average daily volume was at 3.83M shares. General Mills Inc. shares reached a high of $69.03 and dropped to a low of $68.03 until finishing in the latest session at $68.49.

The one-year GIS stock forecast points to a potential upside of 13.57. The average equity rating for GIS stock is currently 2.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $79.24 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.

BofA Securities have made an estimate for General Mills Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 23, 2023.

The Average True Range (ATR) for General Mills Inc. is set at 1.05, with the Price to Sales ratio for GIS stock in the period of the last 12 months amounting to 1.97. The Price to Book ratio for the last quarter was 3.87, with the Price to Cash per share for the same quarter was set at 1.01. Price to Free Cash Flow for GIS in the course of the last twelve months was 18.95 with Quick ratio for the last quarter at 0.40.

GIS Stock Performance Analysis:

General Mills Inc. [GIS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.07. With this latest performance, GIS shares dropped by -8.36% in over the last four-week period, additionally sinking by -13.86% over the last 6 months – not to mention a drop of -10.26% 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 26.32, with the RSI for the last a single of trading hit 24.90, and the three-weeks RSI is set at 27.96 for General Mills Inc. [GIS]. The present Moving Average for the last 50 days of trading for this stock 74.49, while it was recorded at 68.31 for the last single week of trading, and 80.97 for the last 200 days.

Insight into General Mills Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and General Mills Inc. [GIS] shares currently have an operating margin of +16.75 and a Gross Margin at +33.95. General Mills Inc.’s Net Margin is presently recorded at +12.91.

Return on Total Capital for GIS is now 14.79, given the latest momentum, and Return on Invested Capital for the company is 12.78. Return on Equity for this stock inclined to 24.71, with Return on Assets sitting at 8.18. When it comes to the capital structure of this company, General Mills Inc. [GIS] has a Total Debt to Total Equity ratio set at 115.46. Additionally, GIS Total Debt to Total Capital is recorded at 53.59, with Total Debt to Total Assets ending up at 37.76. Long-Term Debt to Equity for the company is recorded at 97.82, with the Long-Term Debt to Total Capital now at 45.40.

Reflecting on the efficiency of the workforce at the company, General Mills Inc. [GIS] managed to generate an average of $76,291 per employee. Receivables Turnover for the company is 10.11 with a Total Asset Turnover recorded at a value of 0.63.General Mills Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.70.


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 7.89%.

General Mills Inc. [GIS] Institutonal Ownership Details

The top three institutional holders of GIS stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in GIS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in GIS stock with ownership which is approximately 5.7381%.

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