In yesterday’s Wall Street session, General Mills, Inc. (NYSE:GIS) shares traded at $68.85, down -1.90% from the previous session.
GIS stock price is now 4.13% away from the 50-day moving average and 2.35% away from the 200-day moving average. The market capitalization of the company currently stands at $38.87B.
With the price target of $67, Citigroup recently initiated with Neutral rating for General Mills, Inc. (NYSE: GIS). On December 21, 2023, RBC Capital Mkts reiterated its ‘Sector Perform’ rating on the stock by increasing its target price from $74 to quote $72, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, Nudi Jonathon, Group President sold 10,000 shares of the company’s stock on Mar 22 ’24. The stock was sold for $692,109 at an average price of $69.21. Upon completion of the transaction, the Group President now directly owns 93,381 shares in the company, valued at $6.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, Director MORIKIS JOHN G sold 55 shares of the business’s stock. A total of $3,617 was realized by selling the stock at an average price of $65.76. This leaves the insider owning 5,802 shares of the company worth $0.4 million. A total of 0.32% of the company’s stock is owned by insiders.
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 1.33, a current ratio of 0.66, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $51.55B, which is based on a 15.80 price-to-earnings ratio, a 2.12 price-to-earnings-growth ratio, and a beta of 0.14. The fifty day moving average price for GIS is $66.12 and a two-hundred day moving average price translates $67.27 for the stock.
The latest earnings results from General Mills, Inc. (NYSE: GIS) was released for Feb, 2024. According to the Packaged Foods Company, earnings per share came in at $1.17, beating analysts’ expectations of $1.05 by 0.12. This compares to $0.93 EPS in the same period last year. The net profit margin was 12.66% and return on equity was 25.97% for GIS. The company reported revenue of $5.1 billion for the quarter, compared to $5.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.52 percent. For the current quarter, analysts expect GIS to generate $4.88B in revenue.
