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General Mills, Inc. (GIS) Stock Could Soon Reward Patient Investors

General Mills, Inc. (NYSE: GIS) is 8.32% higher on its value in year-to-date trading and has touched a low of $60.33 and a high of $90.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GIS stock was last observed hovering at around $70.13 in the last trading session, with the day’s gains setting it 0.43%.

Currently trading at $70.56, the stock is 4.98% and 7.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.8 million and changing 0.61% at the moment leaves the stock 4.38% off its SMA200. GIS registered -16.95% loss for a year compared to 6-month loss of 10.27%. The firm has a 50-day simple moving average (SMA 50) of $2.57 and a 200-day simple moving average (SMA200) of $11.05.

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The stock witnessed a 10.35% gain in the last 1 month and extending the period to 3 months gives it a 8.32%, and is 2.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.28% over the week and 1.91% over the month.

General Mills, Inc. (GIS) has around 34000 employees, a market worth around $39.83B and $20.17B in sales. Current P/E ratio is 16.19 and Fwd P/E is 15.07. Profit margin for the company is 12.66%. Distance from 52-week low is 16.96% and -22.37% from its 52-week high. The company has generated returns on investments over the last 12 months (12.49%).

General Mills, Inc. quarterly earnings per share for the current quarter are estimated at $1 with sales reaching $4.88B over the same period.The EPS is expected to grow by 4.66% this year, but quarterly earnings will post -0.40% year-over-year. Quarterly sales are estimated to shrink -2.90% in year-over-year returns.

General Mills, Inc. (GIS) Top Institutional Holders

2,051 institutions hold shares in General Mills, Inc. (GIS), with institutional investors hold 79.24% of the company’s shares. The shares outstanding are 586.60M, and float is at 562.73M with Short Float at 2.45%. Institutions hold 79.08% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 54.71 million shares valued at $4.2 billion. The investor’s holdings represent 9.41% of the GIS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 52.05 million shares valued at $3.99 billion to account for 8.95% of the shares outstanding. The other top investors are State Street Corporation which holds 33.08 million shares representing 5.69% and valued at over $2.54 billion, while Capital International Investors holds 5.66% of the shares totaling 32.89 million with a market value of $2.52 billion.

General Mills, Inc. (GIS) Insider Activity

The most recent transaction is an insider sale by Nudi Jonathon,the company’sGroup President. SEC filings show that Nudi Jonathon sold 10,000 shares of the company’s common stock on Mar 22 ’24 at a price of $69.21 per share for a total of $0.69 million. Following the sale, the insider now owns 93381.0 shares.

General Mills, Inc. disclosed in a document filed with the SEC on Feb 22 ’24 that MORIKIS JOHN G (Director) sold a total of 55 shares of the company’s common stock. The trade occurred on Feb 22 ’24 and was made at $65.76 per share for $3617.0. Following the transaction, the insider now directly holds 5802.0 shares of the GIS stock.

Still, SEC filings show that on Jan 29 ’24, Nudi Jonathon (Group President) disposed off 7,671 shares at an average price of $64.15 for $0.49 million. The insider now directly holds 102,924 shares of General Mills, Inc. (GIS).

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