General Mills, Inc [NYSE: GIS] stock went on a downward path that fall over -3.40% on Wednesday, amounting to a one-week price decrease of less than -3.27%.
Over the last 12 months, GIS stock rose by 1.18%. The one-year General Mills, Inc stock forecast points to a potential upside of 11.81. The average equity rating for GIS stock is currently 2.74, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $36.63 billion, with 559.10 million shares outstanding and 552.94 million shares in the current float. Compared to the average trading volume of 3.36M shares, GIS stock reached a trading volume of 5910428 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $74.83 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 2.74. 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.
Goldman have made an estimate for General Mills, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2024. The new note on the price target was released on July 16, 2024, representing the official price target for General Mills, Inc stock. Previously, the target price had yet another raise from $62 to $70, while Bernstein kept a Mkt Perform rating on GIS stock.
The Average True Range (ATR) for General Mills, Inc is set at 1.03, with the Price to Sales ratio for GIS stock in the period of the last 12 months amounting to 1.85. The Price to Book ratio for the last quarter was 3.95, with the Price to Cash per share for the same quarter was set at 0.84. Price to Free Cash Flow for GIS in the course of the last twelve months was 13.20 with Quick ratio for the last quarter at 0.39.
GIS Stock Performance Analysis:
General Mills, Inc [GIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.27. With this latest performance, GIS shares dropped by -8.97% in over the last four-week period, additionally sinking by -5.09% over the last 6 months – not to mention a rise of 1.18% 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 22.19, with the RSI for the last a single of trading hit 16.93, and the three-weeks RSI is set at 28.34 for General Mills, Inc [GIS]. The present Moving Average for the last 50 days of trading for this stock 71.85, while it was recorded at 67.73 for the last single week of trading, and 68.31 for the last 200 days.
Insight into General Mills, Inc Fundamentals:
General Mills, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.39 and a Current Ratio set at 0.66.
GIS Stock EPS
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 2.97%.
General Mills, Inc [GIS] Institutonal Ownership Details
There are presently around $80.65%, or 80.86%% of GIS stock, in the hands of institutional investors. The top three institutional holders of GIS stocks are: VANGUARD GROUP INC with ownership of 67.38 million shares, which is approximately 11.7078%. BLACKROCK INC., holding 54.94 million shares of the stock with an approximate value of $$3.48 billion in GIS stocks shares; and BLACKROCK INC., currently with $$1.94 billion in GIS stock with ownership which is approximately 5.3232%.
