Analysis of General Mills Inc. (NYSE:GIS): Selected Notes

In the latest session, General Mills Inc. (NYSE: GIS) closed at $85.47 down -0.27% from its previous closing price of $85.70. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 3018129 shares were traded. GIS stock price reached its highest trading level at $85.82 during the session, while it also had its lowest trading level at $84.38.

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For a deeper understanding of General Mills Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 81.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.99. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 1.13 whereas as Long-Term Debt/Eq ratio is at 0.80.

Upgrades & Downgrades

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 17 when Cordani David sold 8,675 shares for $89.55 per share. The transaction valued at 776,847 led to the insider holds 7,885 shares of the business.

Pallot Mark A sold 4,081 shares of GIS for $368,591 on May 16. The Chief Accounting Officer now owns 13,121 shares after completing the transaction at $90.32 per share. On May 12, another insider, Benson Jodi J, who serves as the Chief Innovation Officer of the company, sold 3,009 shares for $90.59 each. As a result, the insider received 272,600 and left with 35,491 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GIS now has a Market Capitalization of 51.36B and an Enterprise Value of 62.33B. As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.45, and their Forward P/E ratio for the next fiscal year is 19.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.54 while its Price-to-Book (P/B) ratio in mrq is 4.95. Its current Enterprise Value per Revenue stands at 3.12 whereas that against EBITDA is 15.45.

Stock Price History:

Over the past 52 weeks, GIS has reached a high of $90.89, while it has fallen to a 52-week low of $64.94. The 50-Day Moving Average of the stock is 86.53, while the 200-Day Moving Average is calculated to be 81.29.

Shares Statistics:

For the past three months, GIS has traded an average of 2.96M shares per day and 2.77M over the past ten days. A total of 592.50M shares are outstanding, with a floating share count of 584.30M. Insiders hold about 0.20% of the company’s shares, while institutions hold 78.10% stake in the company. Shares short for GIS as of Apr 27, 2023 were 11.59M with a Short Ratio of 11.59M, compared to 10.95M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.97% and a Short% of Float of 1.98%.

Dividends & Splits

According to the company, the forward annual dividend rate for GIS is 2.16, from 2.13 in the trailing year. Against a Trailing Annual Dividend Yield of 2.49%, it implies a Forward Annual Dividend Yield of 2.52%. The stock’s 5-year Average Dividend Yield is 3.44. The current Payout Ratio is 45.50% for GIS, which recently paid a dividend on Apr 30, 2023 with an ex-dividend date of Apr 05, 2023. Stock splits for the company last occurred on Jun 08, 2010 when the company split stock in a 2:1 ratio.

Earnings Estimates

There are 17 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.06 for the current quarter, with a high estimate of $1.11 and a low estimate of $0.98, while EPS last year was $1.12. The consensus estimate for the next quarter is $1.13, with high estimates of $1.23 and low estimates of $1.06.

Analysts are recommending an EPS of between $4.28 and $4.15 for the fiscal current year, implying an average EPS of $4.24. EPS for the following year is $4.49, with 19 analysts recommending between $4.67 and $4.21.

Revenue Estimates

A total of 13 analysts believe the company’s revenue will be $5.15B this quarter.It ranges from a high estimate of $5.23B to a low estimate of $5.02B. As of the current estimate, General Mills Inc.’s year-ago sales were $4.89B, an estimated increase of 5.30% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $4.97B, an increase of 5.40% over than the figure of $5.30% in the same quarter last year. There is a high estimate of $5.02B for the next quarter, whereas the lowest estimate is $4.88B.

A total of 16 analysts have provided revenue estimates for GIS’s current fiscal year. The highest revenue estimate was $20.29B, while the lowest revenue estimate was $20.09B, resulting in an average revenue estimate of $20.22B. In the same quarter a year ago, actual revenue was $18.99B, up 6.50% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $20.83B in the next fiscal year. The high estimate is $21.25B and the low estimate is $20.17B. The average revenue growth estimate for next year is up 3.00% from the average revenue estimate for this year.