General Mills, Inc (NYSE: GIS) is -7.82% lower on its value in year-to-date trading and has touched a low of $58.27 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 $59.33 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $58.78, the stock is -6.65% and -8.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.14 million and changing -0.93% at the moment leaves the stock -13.63% off its SMA200. GIS registered -6.79% loss for a year compared to 6-month gain of -6.49%. The firm has a 50-day simple moving average (SMA 50) of $64.6948 and a 200-day simple moving average (SMA200) of $68.107.
The stock witnessed a -10.26% loss in the last 1 month and extending the period to 3 months gives it a -16.99%, and is -4.42% 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 2.28% over the week and 1.93% over the month.
General Mills, Inc (GIS) has around 34000 employees, a market worth around $32.40B and $19.90B in sales. Current P/E ratio is 12.79 and Fwd P/E is 12.84. Profit margin for the company is 13.08%. Distance from 52-week low is 0.88% and -22.56% from its 52-week high. The company has generated returns on investments over the last 12 months (12.03%).
with sales reaching $5.07B over the same period.The EPS is expected to shrink by -2.27% this year, but quarterly earnings will post 0.38% year-over-year. Quarterly sales are estimated to shrink -0.62% in year-over-year returns.
General Mills, Inc (GIS) Top Institutional Holders
2074.0 institutions hold shares in General Mills, Inc (GIS), with institutional investors hold 79.81% of the company’s shares. The shares outstanding are 552.20M, and float is at 549.06M with Short Float at 4.09%. Institutions hold 79.60% 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 Gallagher Paul Joseph, the company’s Chief Supply Chain Officer. SEC filings show that Gallagher Paul Joseph sold 1,041 shares of the company’s common stock on Dec 20 ’24 at a price of $64.50 per share for a total of $67144.0. Following the sale, the insider now owns 42117.0 shares.
Still, SEC filings show that on Nov 15 ’24, SASTRE MARIA (Director) disposed off 1,000 shares at an average price of $63.66 for $63660.0. The insider now directly holds 23,013 shares of General Mills, Inc (GIS).
