TD Cowen has recently reiterated General Mills Inc (GIS) stock to Hold rating, as announced on December 19, 2024, according to Finviz. Earlier, on December 13, 2024, BofA Securities had raised the stock from a Neutral to Buy, setting a price target of $80 for GIS stock. Goldman also initiated Buy rating with a price target of $76. Additionally, Argus reduced Hold rating on July 16, 2024. Bernstein analysts, in their report published on May 15, 2024, also raised Mkt Perform rating and set a price target of $62 for General Mills Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
General Mills Inc (GIS) Stock Trading Recap
On Monday, General Mills Inc (GIS) stock saw a decline, ending the day at $59.87 which represents a decrease of $-0.27 or -0.45% from the prior close of $60.14. The stock opened at $59.86 and touched a low of $58.97 during the day, reaching a high of $60.19. The volume of shares traded was 5.42 million exceeding the average volume of 4.26 million.
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GIS Stock Performance and Moving Averages
In recent trading, General Mills Inc (GIS) stock price has shown some volatility, fluctuating -2.87% over the last five trades and -6.12% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -11.53%, and it has plunged by -12.24% in the previous three months. Currently, GIS is trading at -0.41%, -4.97%, and -11.25% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, GIS, a Consumer Defensive sector stock, is trading -21.12% below its 52-week high but remains 3.33% above its 52-week low. The Average True Range (ATR) (14 days) of 1.24 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
General Mills Inc’s Profitability and Valuation Ratios
General Mills Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 18.35% and a profit margin of 13.08%, with a gross margin of -11.53%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, General Mills Inc’s market capitalization stands at $33.00 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 13.03, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 13.1. Additionally, the Price-to-Sales Ratio is 1.66, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.59, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.37% of General Mills Inc (GIS)’s shares, while financial institutions hold 80.16%.
Notable insider trades include HARMENING JEFFREY L, Chairman of the Board & CEO at General Mills Inc (GIS), who sold 46500 shares on Oct 23 ’24, at $68.61 each, totaling $3.19 million. On Oct 15 ’24, Pallot Mark A, Chief Accounting Officer, sold 8083 shares for $71.28 each, amounting to $0.58 million. Additionally, on Sep 27 ’24, Nudi Jonathon sold 9647 shares at $74.39 each, generating $0.72 million.