General Mills, Inc. (NYSE: GIS) on Monday, plunged -0.85% from the previous trading day, before settling in for the closing price of $70.83. Within the past 52 weeks, GIS’s price has moved between $60.33 and $90.89.
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Consumer Defensive Sector giant saw their annual sales surged by 5.01% over the last five years. The company achieved an average annual earnings per share of 4.66%. With a float of $562.72 million, this company’s outstanding shares have now reached $586.60 million.
The firm has a total of 34000 workers. Let’s measure their productivity.
General Mills, Inc. (GIS) Insider Activity
Observing investor behavior towards Packaged Foods industry stocks is more important than anything else. The insider ownership of General Mills, Inc. is 0.32%, while institutional ownership is 80.23%. The most recent insider transaction that took place on Mar 22 ’24, was worth 692,109. In this transaction Group President of this company sold 10,000 shares at a rate of $69.21, taking the stock ownership to the 93,381 shares. Before that another transaction happened on Feb 22 ’24, when Company’s Director sold 55 for $65.76, making the entire transaction worth $3,617. This insider now owns 5,802 shares in total.
General Mills, Inc. (GIS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 4.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.46% during the next five years compared to 3.46% growth over the previous five years of trading.
General Mills, Inc. (NYSE: GIS) Trading Performance Indicators
General Mills, Inc. (GIS) is currently performing well based on its current performance indicators. A quick ratio of 0.40 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.97. Likewise, its price to free cash flow for the trailing twelve months is 16.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.36, a number that is poised to hit 1.00 in the next quarter and is forecasted to reach 4.68 in one year’s time.
Technical Analysis of General Mills, Inc. (GIS)
Analysing the last 5-days average volume posted by the [General Mills, Inc., GIS], we can find that recorded value of 3.87 million was lower than the volume posted last year of 4.26 million. As of the previous 9 days, the stock’s Stochastic %D was 68.50%. Additionally, its Average True Range was 1.27.
During the past 100 days, General Mills, Inc.’s (GIS) raw stochastic average was set at 67.48%, which indicates a significant increase from 66.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.32% in the past 14 days, which was higher than the 19.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.66, while its 200-day Moving Average is $66.73. Now, the first resistance to watch is $70.98. This is followed by the second major resistance level at $71.72. The third major resistance level sits at $72.25. If the price goes on to break the first support level at $69.70, it is likely to go to the next support level at $69.17. Should the price break the second support level, the third support level stands at $68.43.
General Mills, Inc. (NYSE: GIS) Key Stats
Market capitalization of the company is 39.65 billion based on 567,900K outstanding shares. Right now, sales total 20,094 M and income totals 2,594 M. The company made 5,099 M in profit during its latest quarter, and 670,100 K in sales during its previous quarter.
