GIS Stock Summary and Trading Ideas (General Mills | NYSE:GIS)

General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

General Mills trades on the NYSE stock market under the symbol GIS.

As of April 19, 2024, GIS stock price climbed to $70.42 with 3,720,655 million shares trading.

GIS has a beta of -0.22, meaning it tends to be less sensitive to market movements. GIS has a correlation of 0.03 to the broad based SPY ETF.

GIS has a market cap of $39.76 billion. This is considered a Large Cap stock.

Last quarter General Mills reported $5 billion in Revenue and $1.17 earnings per share. This beat revenue expectation by $139 million and exceeded earnings estimates by $.13.

In the last 3 years, GIS stock traded as high as $90.89 and as low as $56.67.

The top ETF exchange traded funds that GIS belongs to (by Net Assets): VTI, VOO, SPY, VO, IVV.

GIS stock has underperformed the market in the last year with a return of -16.5%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GIS shares. However, GIS has outperformed the market in the last 3 month and 2 week periods, returning +12.4% and +1.7%, while SPY returned +3.0% and -4.5%, respectively. This indicates GIS has been having a stronger performance recently.

GIS support price is $68.24 and resistance is $69.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GIS stock will trade within this expected range on the day.