The stock of General Mills, Inc (NYSE:GIS) last traded at $64.94, down -1.59% from the previous session.
GIS stock price is now -9.45% away from the 50-day moving average and -4.95% away from the 200-day moving average. The market capitalization of the company currently stands at $36.05B.
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With the price target of $76, Goldman recently initiated with Buy rating for General Mills, Inc (NYSE: GIS). , while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, HARMENING JEFFREY L, Chairman of the Board & CEO sold 46,500 shares of the company’s stock on Oct 23 ’24. The stock was sold for $3,190,351 at an average price of $68.61. Upon completion of the transaction, the Chairman of the Board & CEO now directly owns 355,328 shares in the company, valued at $23.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 23 ’24, Officer JEFFREY HARMENING bought 46,500 shares of the business’s stock. A total of $3,190,351 was incurred on buying the stock at an average price of $68.61. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, General Mills, Inc has had a low of $61.47 and a high of $75.90. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 0.66, and a quick ratio of 0.39. According to the stock market information, the enterprise value for the company is $49155317760, which is based on a 15.47 price-to-earnings ratio, a 5.21 price-to-earnings-growth ratio, and a beta of 0.10. The fifty day moving average price for GIS is $71.8476 and a two-hundred day moving average price translates $68.31215 for the stock.
The latest earnings results from General Mills, Inc (NYSE: GIS) was released for 2024-08-25. The net profit margin was 12.14% and return on equity was 24.60% for GIS. The company reported revenue of $4.85 billion for the quarter, compared to $4.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.15 percent.
