Stocks of General Mills, Inc (NYSE:GIS) traded higher last session on Wall Street, down -1.53% to $58.44.
GIS stock price is now -6.02% away from the 50-day moving average and -12.85% away from the 200-day moving average. The market capitalization of the company currently stands at $32.21B.
With the price target reduced from $75 to $64, TD Cowen maintained Hold rating for General Mills, Inc (NYSE: GIS). On December 13, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $78 to quote $80, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Gallagher Paul Joseph, Chief Supply Chain Officer sold 1,041 shares of the company’s stock on Dec 20 ’24. The stock was sold for $67,144 at an average price of $64.50. Upon completion of the transaction, the Chief Supply Chain Officer now directly owns 42,117 shares in the company, valued at $2.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’24, Officer Gallagher Paul Joseph bought 1,041 shares of the business’s stock. A total of $67,144 was incurred on buying the stock at an average price of $64.50. A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, General Mills, Inc has had a low of $57.85 and a high of $75.90. As of last week, the company has a debt-to-equity ratio of 1.58, a current ratio of 0.92, and a quick ratio of 0.67. According to the stock market information, the enterprise value for the company is $49704927232, which is based on a 12.72 price-to-earnings ratio, a 5.89 price-to-earnings-growth ratio, and a beta of 0.06. The fifty day moving average price for GIS is $62.339 and a two-hundred day moving average price translates $67.1203 for the stock.
The latest earnings results from General Mills, Inc (NYSE: GIS) was released for 2024-08-25. The net profit margin was 13.08% and return on equity was 28.02% for GIS. The company reported revenue of $5.24 billion for the quarter, compared to $5.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.96 percent.
