In Wednesday’s Wall Street session, General Mills, Inc (NYSE:GIS) shares traded at $58.06, up 2.40% from the previous session.
GIS stock price is now -2.97% away from the 50-day moving average and -11.16% away from the 200-day moving average. The market capitalization of the company currently stands at $31.79B.
With the price target of $53, Morgan Stanley recently initiated with Underweight rating for General Mills, Inc (NYSE: GIS). On March 10, 2025, Jefferies reiterated its ‘Hold’ rating on the stock by increasing its target price from $58 to quote $62, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, HARMENING JEFFREY L, Chairman of the Board & CEO sold 11,379 shares of the company’s stock on Mar 07 ’25. The stock was sold for $739,635 at an average price of $65.00. Upon completion of the transaction, the Chairman of the Board & CEO now directly owns 353,346 shares in the company, valued at $20.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’25, Officer JEFFREY HARMENING bought 11,379 shares of the business’s stock. A total of $739,635 was incurred on buying the stock at an average price of $65.00. A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, General Mills, Inc has had a low of $55.15 and a high of $75.90. As of last week, the company has a debt-to-equity ratio of 1.53, a current ratio of 0.67, and a quick ratio of 0.44. The fifty day moving average price for GIS is $59.837 and a two-hundred day moving average price translates $65.3544 for the stock.
The latest earnings results from General Mills, Inc (NYSE: GIS) was released for 2025-02-23. The net profit margin was 13.03% and return on equity was 27.37% for GIS. The company reported revenue of $4.84 billion for the quarter, compared to $5.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.04 percent.
