The stock of General Mills, Inc. (NYSE:GIS) last traded at $65.83, up 0.49% from the previous session.
GIS stock price is now -0.73% away from the 50-day moving average and -0.22% away from the 200-day moving average. The market capitalization of the company currently stands at $36.74B.
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On May 15, 2024, Bernstein Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock increasing its target price from $62 to quote $70, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Shaffer Werner Lanette, Chief Innovation Officer sold 710 shares of the company’s stock on May 13 ’24. The stock was sold for $50,105 at an average price of $70.57. Upon completion of the transaction, the Chief Innovation Officer now directly owns 17,397 shares in the company, valued at $1.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22 ’24, Group President Nudi Jonathon sold 10,000 shares of the business’s stock. A total of $692,109 was realized by selling the stock at an average price of $69.21. This leaves the insider owning 93,381 shares of the company worth $6.15 million. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, General Mills, Inc. has had a low of $60.33 and a high of $77.40. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 0.65, and a quick ratio of 0.38. According to the stock market information, the enterprise value for the company is $49891631104, which is based on a 15.29 price-to-earnings ratio, a 4.82 price-to-earnings-growth ratio, and a beta of 0.08. The fifty day moving average price for GIS is $66.2154 and a two-hundred day moving average price translates $65.991 for the stock.
The latest earnings results from General Mills, Inc. (NYSE: GIS) was released for 2024-05-26. The net profit margin was 12.57% and return on equity was 25.16% for GIS. The company reported revenue of $4.71 billion for the quarter, compared to $5.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.28 percent.
