The price of General Mills, Inc. (NYSE:GIS) shares last traded on Wall Street rose 0.76% to $66.39.
Based on available information, 21 analysts follow General Mills, Inc. (NYSE:GIS). The consensus rating among analysts is ‘Hold’. GIS stock price is now 3.44% away from the 50-day moving average and -11.69% away from the 200-day moving average. The market capitalization of the company currently stands at $38.59B.
Among analysts, 13 rate the stock a hold while 3 rate it a buy.
With the price target of $74, HSBC Securities recently initiated with Hold rating for General Mills, Inc. (NYSE: GIS).
In other news, Cordani David, Director sold 8,675 shares of the company’s stock on May 17. The stock was sold for $776,847 at an average price of $89.55. Upon completion of the transaction, the Director now directly owns 7,885 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16, Chief Accounting Officer Pallot Mark A sold 4,081 shares of the business’s stock. A total of $368,591 was realized by selling the stock at an average price of $90.32. This leaves the insider owning 13,121 shares of the company worth $0.87 million. Insiders disposed of 263,240 shares of company stock worth roughly $17.48 million over the past 1 year. A total of 0.28% of the company’s stock is owned by insiders.
A candlestick chart of General Mills, Inc. (NYSE: GIS) showed a price of $66.07 on Thursday morning. During the past 12 months, General Mills, Inc. has had a low of $60.33 and a high of $90.89. As of last week, the company has a debt-to-equity ratio of 1.20, a current ratio of 0.72, and a quick ratio of 0.41. According to the stock market information, the enterprise value for the company is $50.09B, which is based on a 16.20 price-to-earnings ratio, a 2.11 price-to-earnings-growth ratio, and a beta of 0.19. The fifty day moving average price for GIS is $64.23 and a two-hundred day moving average price translates $75.11 for the stock.
The latest earnings results from General Mills, Inc. (NYSE: GIS) was released for Aug, 2023. According to the Packaged Foods Company, earnings per share came in at $1.09, beating analysts’ expectations of $1.08 by 0.01. This compares to $1.36 EPS in the same period last year. The net profit margin was 12.07% and return on equity was 23.49% for GIS. The company reported revenue of $4.9 billion for the quarter, compared to $4.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.97 percent. For the current quarter, analysts expect GIS to generate $5.38B in revenue.
