General Mills, Inc. (NYSE:GIS) price is hovering higher on Wednesday, April 17, jumping 0.91% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $67.84. The company’s P/E ratio in the trailing 12-month period read 15.71. Taking into account the 52-week price action we note that the stock hit a 52-week high of $90.89 and 52-week low of $60.33. The stock added 1.06% on its value in the past month.
General Mills, Inc., which has a market valuation of $38.65 billion. The company stock has a Forward Dividend ratio of 2.36, while the dividend yield is 3.45%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GIS a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.10. The overview shows that GIS’s price is at present -0.80% off the SMA20 and 3.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.45, with weekly volatility standing at 2.13%. The indicator jumps to 2.05% when calculated based on the past 30 days. General Mills, Inc. (NYSE:GIS)’s beta value is holding at 0.15, while the average true range (ATR) indicator is currently reading 1.27.
An analysis of the General Mills, Inc. (NYSE:GIS) stock in terms of its daily trading volume indicates that the 3-month average is 4.27 million.
Current records show that the company has 586.60M in outstanding shares. The insiders’ percentage holdings are 0.32% of outstanding shares while the percentage share held by institutions stands at 80.30%. But the 5.10% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
