General Mills, Inc. [NYSE: GIS] traded at a high on Tuesday, posting a 0.30 gain after which it closed the day’ session at $62.69.
The results of the trading session contributed to over 3826130 shares changing hands. Over the past one week, the price volatility of General Mills, Inc. stands at 1.13% while the volatility over the past one month is 1.68%.
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The market cap for GIS stock reached $34.99 billion, with 559.10 million shares outstanding and 555.98 million shares in the current float. Compared to the average trading volume of 4.02M shares, GIS reached a trading volume of 3826130 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 $67.94 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 2.73. 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.
Bernstein have made an estimate for General Mills, Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on May 15, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on February 01, 2024, representing the official price target for General Mills, Inc. stock. Previously, the target price had yet another drop from $74 to $72, while RBC Capital Mkts kept a Sector Perform rating on GIS stock.
The Average True Range (ATR) for General Mills, Inc. is set at 1.19, with the Price to Sales ratio for GIS stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 3.73, with the Price to Cash per share for the same quarter was set at 0.75. Price to Free Cash Flow for GIS in the course of the last twelve months was 13.84 with Quick ratio for the last quarter at 0.38.
How has GIS stock performed recently?
General Mills, Inc. [GIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.96. With this latest performance, GIS shares dropped by -6.97% in over the last four-week period, additionally sinking by -3.54% over the last 6 months – not to mention a drop of -16.60% 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 30.45, with the RSI for the last a single of trading hit 26.38, and the three-weeks RSI is set at 34.15 for General Mills, Inc. [GIS]. The present Moving Average for the last 50 days of trading for this stock 67.66, while it was recorded at 62.86 for the last single week of trading, and 65.97 for the last 200 days.
General Mills, Inc. [GIS]: Deeper insight into the fundamentals
General Mills, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.38 and a Current Ratio set at 0.65.
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 3.17%.
Insider trade positions for General Mills, Inc. [GIS]
The top three institutional holders of GIS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in GIS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in GIS stock with ownership which is approximately 5.1238%.
