General Mills, Inc. (NYSE: GIS) closed the day trading at $67.00 down -2.69% from the previous closing price of $68.85. In other words, the price has decreased by -$1.85 from its previous closing price. On the day, 4923155 shares were traded.
Ratios:
For a better understanding of GIS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 64.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.98. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.66. In the meantime, Its Debt-to-Equity ratio is 1.33 whereas as Long-Term Debt/Eq ratio is at 1.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on February 01, 2024, initiated with a Neutral rating and assigned the stock a target price of $67.
On December 21, 2023, RBC Capital Mkts reiterated its Sector Perform rating and also upped its target price recommendation from $74 to $72.
On September 22, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $74.HSBC Securities initiated its Hold rating on September 22, 2023, with a $74 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 22 ’24 when Nudi Jonathon sold 10,000 shares for $69.21 per share. The transaction valued at 692,109 led to the insider holds 93,381 shares of the business.
MORIKIS JOHN G sold 55 shares of GIS for $3,617 on Feb 22 ’24. The Director now owns 5,802 shares after completing the transaction at $65.76 per share. On Jan 29 ’24, another insider, Nudi Jonathon, who serves as the Group President of the company, sold 7,671 shares for $64.15 each. As a result, the insider received 492,121 and left with 102,924 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 37.82B and an Enterprise Value of 49.75B. As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.37, and their Forward P/E ratio for the next fiscal year is 14.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 4.01. Its current Enterprise Value per Revenue stands at 2.47 whereas that against EBITDA is 10.62.
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 $60.33. The 50-Day Moving Average of the stock is 66.24, while the 200-Day Moving Average is calculated to be 67.13.
Shares Statistics:
Over the past 3-months, GIS traded about 4.29M shares per day on average, while over the past 10 days, GIS traded about 4.31M shares per day. A total of 586.60M shares are outstanding, with a floating share count of 562.72M. Insiders hold about 0.32% of the company’s shares, while institutions hold 78.38% stake in the company. Shares short for GIS as of Mar 28, 2024 were 15.52M with a Short Ratio of 3.62, compared to 13.83M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.75% and a Short% of Float of 2.75%.
Dividends & Splits
GIS’s forward annual dividend rate is 2.36, up from 2.31 a year ago. Against a Trailing Annual Dividend Yield of 3.36%, it implies a Forward Annual Dividend Yield of 3.52%. The stock’s 5-year Average Dividend Yield is 3.23. The current Payout Ratio is 50.06% for GIS, which recently paid a dividend on May 01, 2024 with an ex-dividend date of Apr 09, 2024. Stock splits for the company last occurred on Jun 09, 2010 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 17 analysts. On average, analysts expect EPS of $1 for the current quarter, with a high estimate of $1.02 and a low estimate of $0.97, while EPS last year was $1.12. The consensus estimate for the next quarter is $1.15, with high estimates of $1.21 and low estimates of $1.09.
Analysts are recommending an EPS of between $4.54 and $4.44 for the fiscal current year, implying an average EPS of $4.51. EPS for the following year is $4.68, with 17 analysts recommending between $4.78 and $4.53.
Revenue Estimates
14 analysts predict $4.88B in revenue for the current quarter. It ranges from a high estimate of $4.96B to a low estimate of $4.84B. As of the current estimate, General Mills, Inc.’s year-ago sales were $5.03B, an estimated decrease of -2.90% from the year-ago figure.
A total of 19 analysts have provided revenue estimates for GIS’s current fiscal year. The highest revenue estimate was $20.1B, while the lowest revenue estimate was $19.95B, resulting in an average revenue estimate of $20.02B. In the same quarter a year ago, actual revenue was $20.09B, down -0.40% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $20.32B in the next fiscal year. The high estimate is $20.61B and the low estimate is $20.01B. The average revenue growth estimate for next year is up 1.50% from the average revenue estimate for this year.
