General Mills, Inc. (NYSE:GIS) has recorded a mix of positive and negative indicators in recent times. The company has been given a consensus rating of “Hold” by brokerages. Significant capital returns have decelerated, and
Victory Capital Management Inc. owns a substantial amount of GIS stock. GIS stock dipped as market recovered, though it has recently witnessed over 10% growth over three months. A key investment for growth is GIS's expansion of its pet food portfolio with the acquisition of Edgard & Cooper. The company's
shares have been bought by various entities, including the Great Valley Advisor Group Inc. This stock broke out above the 20-day moving average, and analysts have upgraded its position to 'Buy'. Despite a recent 0.5% rise since the last earnings report, the stock fell amidst market upswing. GIS’s Q3 Earnings topped estimates, and it made an impressive show of Return on Equity (ROE). It’s worthy of note that institutional owners dominate more than 78% shareholding of the company. Meanwhile, efforts aimed at
balancing the company's financials are in top gear. The institutional owners may be considering drastic measures following a recent drop of 3.2%. Q3 2024 earnings call gave a snapshot of GIS’s economic standings and performance. Despite a warning about weak consumer trends in 2024, the company has seen favorable returns of 63% over the last five years. Its stock recently rose following an earnings beat and affirmed guidance.
General Mills GIS News Analytics from Thu, 14 Dec 2023 08:00:00 GMT to Wed, 08 May 2024 10:20:54 GMT -
Rating -2
- Innovation 0
- Information 6
- Rumor -4
