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General Mills stock price remained flat in the last year

September 17, 2021
in Trading
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General Mills stock price remained flat in the last year
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General Mills (NYSE: GIS) stock price missed the bullish run in the U.S. equity markets during the pandemic. The company’s stock price is flat year-to-date and in the last 12 months. Investors await the quarterly earnings for more guidance.

One week from now, General Mills will announce the Q1 FY2022 earnings. General Mills stock price is flat on the year and in the last 12 months, as food stocks fight rising inflation. 

General Mills is one of the largest players in the packaged foods and meats industry. It employed over 35,000 people and was founded in 1866. It is well-known for its ready-to-eat cereals or refrigerated yoghurt, to name only a couple of the products it manufactures and sells.

The market expects EPS of $0.89 on the quarter, lower by 11.22% compared to the same period one year ago. Also, the annual revenue estimates for the fiscal period ending May 2022 are $17.91 billion, and revenue is expected to reach $18.14 billion in 2025.

General Mills is a dividend-paying company with a dividend yield of 3.47%, expected to reach 3.91% in 2024. The P/E (i.e., Price/Earnings) ratio is 15.74 and is expected to drop to 14.47 by 2024.

What Do Analysts Say About the General Mills Stock Price?

Despite the stock price not going anywhere for the past 12 months, analysts have a bullish view of the General Mills stock price direction. Out of the 20 analysts that cover the stock, ten have buy ratings, nine have neutral ratings, and only one has a sell rating.

Most recently, General Mills stock price was affected by Credit Suisse downgrading the stock to hold, citing near-term margin risk.

Credit: Source link

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