General Mills (GIS) has been under a strong bear grip, hence the stock is down -0.06% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.42% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.39% in the last 1 week, and is up 0.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
General Mills, Inc. is up 15.17% in the last 3-month period. Year-to-Date the stock performance stands at 26.62%. The stock has recorded a 20-day Moving Average of 0.66% and the 50-Day Moving Average is 2.68%.
General Mills (NYSE:GIS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.26 and $70.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.45, notching a gain of 0.25% for the day. The total traded volume was 2,543,727 . The stock had closed at $71.27 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of General Mills (NYSE:GIS). Morgan Stanley has a Equalweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $66 per share from a prior target of $63. The rating by the firm was issued on July 14, 2016.
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail, International, and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, fruit and savory snacks, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Companys other product categories include baking mixes and ingredients; refrigerated and frozen dough, and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.