General Mills, Inc (NYSE: GIS) is -1.35% lower on its value in year-to-date trading and has touched a low of $61.47 and a high of $75.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GIS stock was last observed hovering at around $64.10 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $64.26, the stock is -5.28% and -9.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.7 million and changing 0.25% at the moment leaves the stock -5.95% off its SMA200. GIS registered -1.56% loss for a year compared to 6-month loss of -9.30%. The firm has a 50-day simple moving average (SMA 50) of $71.2672 and a 200-day simple moving average (SMA200) of $68.32185.
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The stock witnessed a -9.28% gain in the last 1 month and extending the period to 3 months gives it a -8.72%, and is -5.93% down 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 2.36% over the week and 1.46% over the month.
General Mills, Inc (GIS) has around 34000 employees, a market worth around $35.67B and $19.80B in sales. Current P/E ratio is 15.31 and Fwd P/E is 13.66. Profit margin for the company is 12.14%. Distance from 52-week low is 4.53% and -15.34% from its 52-week high. The company has generated returns on investments over the last 12 months (11.60%).
with sales reaching $5.14B over the same period.The EPS is expected to shrink by -0.10% this year, but quarterly earnings will post 0.50% year-over-year.
General Mills, Inc (GIS) Top Institutional Holders
2043.0 institutions hold shares in General Mills, Inc (GIS), with institutional investors hold 81.34% of the company’s shares. The shares outstanding are 559.10M, and float is at 552.94M with Short Float at 3.35%. Institutions hold 81.13% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 67.38 million shares valued at $4.26 billion. The investor’s holdings represent 11.7078% of the GIS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 54.94 million shares valued at $3.48 billion to account for 9.5469 of the shares outstanding. The other top investors are STATE STREET CORP which holds 30.64 million shares representing 5.3232% and valued at over $1.94 billion, while CAPITAL RESEARCH GLOBAL INVESTORS holds 3.4121 of the shares totaling 19.64 million with a market value of $1.24 billion.
General Mills, Inc (GIS) Insider Activity
The most recent transaction is an insider sale by HARMENING JEFFREY L, the company’s Chairman of the Board & CEO. SEC filings show that HARMENING JEFFREY L sold 46,500 shares of the company’s common stock on Oct 23 ’24 at a price of $68.61 per share for a total of $3.19 million. Following the sale, the insider now owns 0.36 million shares.
Still, SEC filings show that on Oct 15 ’24, Pallot Mark A (Chief Accounting Officer) disposed off 8,083 shares at an average price of $71.28 for $0.58 million. The insider now directly holds 14,813 shares of General Mills, Inc (GIS).
