General Mills, Inc (NYSE:GIS) shares traded -3.06% lower at $63.91 on Wall Street last session.
GIS stock price is now -4.43% away from the 50-day moving average and -6.62% away from the 200-day moving average. The market capitalization of the company currently stands at $35.48B.
With the price target enhanced from $78 to $80, BofA Securities Upgraded its rating from Neutral to Buy for General Mills, Inc (NYSE: GIS). On August 12, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $76, while ‘Argus’ rates the stock as ‘Hold’
In other news, SASTRE MARIA, Director sold 1,000 shares of the company’s stock on Nov 15 ’24. The stock was sold for $63,660 at an average price of $63.66. Upon completion of the transaction, the Director now directly owns 23,013 shares in the company, valued at $1.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 23 ’24, Chairman of the Board & CEO HARMENING JEFFREY L sold 46,500 shares of the business’s stock. A total of $3,190,351 was realized by selling the stock at an average price of $68.61. This leaves the insider owning 355,328 shares of the company worth $22.71 million. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, General Mills, Inc has had a low of $61.47 and a high of $75.90. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 0.66, and a quick ratio of 0.39. According to the stock market information, the enterprise value for the company is $49704927232, which is based on a 15.23 price-to-earnings ratio, a 5.44 price-to-earnings-growth ratio, and a beta of 0.09. The fifty day moving average price for GIS is $67.0472 and a two-hundred day moving average price translates $68.44615 for the stock.
The latest earnings results from General Mills, Inc (NYSE: GIS) was released for 2024-08-25. The net profit margin was 12.14% and return on equity was 24.60% for GIS. The company reported revenue of $4.85 billion for the quarter, compared to $4.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.15 percent.
