In the latest trading session, 1.41 million General Mills Inc. (NYSE:GIS) shares changed hands as the company’s beta touched 0.34. With the company’s most recent per share price at $73.46 changed hands at -$0.95 or -1.27% at last look, the market valuation stands at $44.11B. GIS’s current price is a discount, trading about -4.74% off its 52-week high of $76.94. The share price had its 52-week low at $56.67, which suggests the last value was 22.86% up since then. When we look at General Mills Inc.’s average trading volume, we note the 10-day average is 3.16 million shares, with the 3-month average coming to 3.78 million.
Instantly GIS was in red as seen in intraday trades today. With action 0.05%, the performance over the past five days has been green. The drop to weekly highs of 74.53 on Tuesday, 07/26/22 subtracted -1.27% to the stock’s daily price. The company’s shares are showing year-to-date upside of 10.43%, with the 5-day performance at 0.05% in the green. However, in the 30-day time frame, General Mills Inc. (NYSE:GIS) is 5.35% up. Looking at the short shares, we see there were 13.77 million shares sold at short interest cover period of 3.98 days.
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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 8.55% over the past 6 months, a 1.52% in annual growth rate that is considerably lower than the industry average of 3.00%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2022 revenue estimates. The rating firms predict current quarter revenue for General Mills Inc. will rise 11.00%. Year-over-year growth is forecast to reach 4.20% up 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 $4.79 billion. 9 analysts are of the opinion that General Mills Inc.’s revenue for the quarter ending Aug 2022 will be $4.57 billion. The company’s revenue for the corresponding quarters a year ago was $4.52 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.80%. The 2022 estimates are for General Mills Inc. earnings to increase by 16.90%, but the outlook for the next 5-year period is at 4.82% per year.
General Mills Inc. is expected to release its next quarterly earnings report between March 22 and March 28. The 2.90% annual yield figure for the share gives it an annual dividend of 2.16. It is important to note, however, that the 2.90% 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 77.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.55%. There are 77.43% institutions holding the General Mills Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2021, the company held 8.42% of the shares, roughly 50.73 million GIS shares worth $3.42 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 8.06% or 48.51 million shares worth $3.29 billion as of Mar 30, 2022.
Among Mutual Funds, the top two as of Jan 30, 2022 were Income Fund of America Inc and American Mutual Fund Inc. With 22.48 million shares estimated at $1.54 billion under it, the former controlled 3.73% of total outstanding shares. On the other hand, American Mutual Fund Inc held about 2.90% of the shares, roughly 17.47 million shares worth around $1.2 billion.