Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, General Mills, Inc. (NYSE: GIS) closed at $70.26 up 1.05% from its previous closing price of $69.53. In other words, the price has increased by $1.05 from its previous closing price. On the day, 2.4 million shares were traded. GIS stock price reached its highest trading level at $70.27 during the session, while it also had its lowest trading level at $68.85.
Ratios:
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 67.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.76. 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:
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 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 39665213440 and an Enterprise Value of 51845095424. As of this moment, General’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.12, and their Forward P/E ratio for the next fiscal year is 15.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 4.20. Its current Enterprise Value per Revenue stands at 2.57 whereas that against EBITDA is 12.069.
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 2.80%, while the 200-Day Moving Average is calculated to be 5.61%.
Shares Statistics:
For the past three months, GIS has traded an average of 4.18M shares per day and 3280870 over the past ten days. A total of 586.60M shares are outstanding, with a floating share count of 562.71M. Insiders hold about 0.33% of the company’s shares, while institutions hold 80.54% stake in the company. Shares short for GIS as of 1713139200 were 15164096 with a Short Ratio of 3.63, compared to 1710460800 on 13772124. Therefore, it implies a Short% of Shares Outstanding of 15164096 and a Short% of Float of 2.69.
Dividends & Splits
According to the company, the forward annual dividend rate for GIS is 2.36, from 2.31 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03322307The stock’s 5-year Average Dividend Yield is 3.22.
