In the last trading session, 7.11 million General Mills Inc. (NYSE:GIS) shares changed hands as the company’s beta touched 0.54. With the company’s per share price at $58.77 changed hands at $0.14 or 0.24% during last session, the market valuation stood at $35.64B. GIS’s last price was a discount, traded about -10.01% off its 52-week high of $64.65. The share price had its 52-week low at $53.96, which suggests the last value was 8.18% up since then. When we look at General Mills Inc.’s average trading volume, we note the 3-month average coming to 3.46 million.
Analysts gave the General Mills Inc. (GIS) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.90. If we narrow down to specifics, the data shows that 1 out of 21 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 14 recommended GIS as a Hold, 3 felt it is a Buy and 1 rated the stock as Underweight. General Mills Inc.’s EPS for the current quarter is expected to be $0.89.
General Mills Inc. (NYSE:GIS) trade information
Instantly GIS was in green as seen at the end of in last trading. With action 3.49%, the performance over the past five days has been green. The jump to weekly highs of 59.74 on Tuesday, 09/14/21 added 0.24% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.05%, with the 5-day performance at 3.49% in the green. However, in the 30-day time frame, General Mills Inc. (NYSE:GIS) is -1.79% down.
The consensus price target for the stock as assigned by Wall Street analysts is $63.17, meaning bulls need an upside of 6.97% from its current market value. According to analyst projections, GIS’s forecast low is $50.00 with $71.00 as the target high. To hit the forecast high, the stock’s price needs a -20.81% plunge from its current level, while the stock would need to tank 14.92% for it to hit the projected low.
General Mills Inc. (GIS) estimates and forecasts
Data shows that the General Mills Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.03% over the past 6 months, a -1.06% in annual growth rate that is considerably lower than the industry average of 10.40%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for General Mills Inc. will fall -11.00%, while the growth in revenue is estimated to hit -3.80% for the next quarter. Year-over-year growth is forecast to reach -1.10% down from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of $4.29 billion. 14 analysts are of the opinion that General Mills Inc.’s revenue for the quarter ending Nov 2021 will be $4.72 billion.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.40%. The 2021 estimates are for General Mills Inc. earnings to increase by 6.30%, but the outlook for the next 5-year period is at 4.61% per year.
General Mills Inc. is expected to release its next quarterly earnings report on September 22. The 3.47% annual yield figure for the share gives it an annual dividend of 2.04. It is important to note, however, that the 3.47% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
General Mills Inc. (NYSE:GIS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.16% of General Mills Inc. shares while 78.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.44%. There are 78.32% institutions holding the General Mills Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Jun 29, 2021, the company held 8.46% of the shares, roughly 51.27 million GIS shares worth $3.12 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.34% or 44.49 million shares worth $2.71 billion as of Jun 29, 2021.
Among Mutual Funds, the top two as of Jun 29, 2021 were Income Fund of America Inc and Vanguard Total Stock Market Index Fund. With 22.48 million shares estimated at $1.37 billion under it, the former controlled 3.71% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.84% of the shares, roughly 17.24 million shares worth around $1.05 billion.