General Mills (GIS) has demonstrated solid performance over the past five years, delivering a 56% gain. Despite a consensus recommendation of “hold” by brokerages and underperformance on specific days compared to competitors, this legacy food company continues to garner attention from institutional investors, who hold between 78% and 80% of the firm's shares. The recent advancement of the company's accelerate strategy and the expansion of its pet food portfolio, specifically with the acquisition of Edgard & Cooper, are key growth highlights. JPMorgan Chase & Co. has set a new price target of $70 for GIS. In the past few months, GIS has been experiencing an upward momentum, with a 13.1% rise since the last earnings and a 10% surge in three months. The company's Q3 2024 earnings topped estimates, with better-than-expected sales. Recent buy signals, significant institutional backing, high ROE, and promising return trends make GIS a prospective value, growth, and momentum stock for long-term investors. However, there have been market dynamics and revised FY24 views to consider amidst these optimistic trends.
General Mills GIS News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Sun, 02 Jun 2024 07:19:35 GMT -
Rating 9
- Innovation -4
- Information 8
- Rumor -6
