General Mills Inc. (NYSE:GIS) has a beta of 0.56, a 12-month trailing P/E ratio of 14.60, and a growth ratio of 3.44. The stock’s Relative Strength Index (RSI) is 34.68, with weekly volatility at 1.60% and ATR at 0.99. The GIS stock’s 52-week price range has touched low of $53.96 and a $66.14 high. Its shares traded higher over the last trading session, gaining 0.64% on 06/21/21. The shares fell to a low of $59.78 before closing at $60.14. Intraday shares traded counted 2.86 million, which was 33.36% higher than its 30-day average trading volume of 4.29M. GIS’s previous close was $59.76 while the outstanding shares total 615.00M.
Investors have identified the Packaged Foods company General Mills Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $37.51 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
General Mills Inc. (GIS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For GIS, the company has in raw cash 2.75 billion on their books with 3.9 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 6.61 billion total, with 9.59 billion as their total liabilities.
GIS were able to record 1.86 billion as free cash flow during the 09/22/2021 quarter of the year, this saw their quarterly net cash flow reduce by 1.08 billion. In cash movements, the company had a total of 2.21 billion as operating cash flow.
Potential earnings growth for General Mills Inc. (GIS)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 09/22/2021 quarter of the year, General Mills Inc. recorded a total of 4.52 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 7.52% coming in sequential stages and their sales for the 09/22/2021 quarter reducing by -4.41%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.97 billion trying to sell their products during the last quarter, with the result yielding a gross income of 1.55 billion. This allows shareholders to hold on to 615.00M with the recently reported earning now reading 0.98 cents per share. This is a figure that compared to analyst’s prediction for their 09/22/2021 (0.82 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.66 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on GIS sounds very interesting.
Is the stock of GIS attractive?
In related news, Chief SC & GBS Officer, Church John R sold 25,812 shares of the company’s stock in a transaction that recorded on Apr 28. The sale was performed at an average price of 60.81, for a total value of 1,569,555. As the sale deal closes, the General Counsel & Secretary, Allendorf Richard C now sold 10,864 shares of the company’s stock, valued at 675,264. Also, Group President, Pet, Quam Bethany C. sold 10,732 shares of the company’s stock in a deal that was recorded on Apr 05. The shares were price at an average price of 61.72 per share, with a total market value of 662,383. Following this completion of acquisition, the Director, CLARK R KERRY now holds 11,398 shares of the company’s stock, valued at 699,927. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
4 out of 20 analysts covering the stock have rated it a Buy, while 14 have maintained a Hold recommendation on General Mills Inc.. 1 analysts has assigned a Sell rating on the GIS stock. The 12-month mean consensus price target for the company’s shares has been set at $62.93.