Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate General Mills Inc before investing.

In this article, we go over a few key elements for understanding General Mills Inc’s stock price such as:

• General Mills Inc’s current stock price and volume
• Why General Mills Inc’s stock price changed recently
• Upgrades and downgrades for GIS from analysts
• GIS’s stock price momentum as measured by its relative strength

About General Mills Inc (GIS)

Before we jump into General Mills Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

General Mills, Inc. is a manufacturer and marketer of branded consumer foods. The Company operates through four segments: North America Retail, International, Pet, and North America Foodservice. The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, convenience stores, and e-commerce grocery providers. The International segment reflects retail and foodservice businesses outside of the United States and Canada. The Pet segment includes pet food products sold in the United States and Canada in national pet superstore chains, e-commerce retailers, grocery stores, regional pet store chains, mass merchandisers, and veterinary clinics and hospitals. The North America Foodservice segment offers products, such as ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, baking mixes, and bakery flour.

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General Mills Inc’s Stock Price as of Market Close

As of June 26, 2024, 4:00 PM, CST, General Mills Inc’s stock price was $64.17.

General Mills Inc is down 4.59% from its previous closing price of $67.26.

During the last market session, General Mills Inc’s stock traded between $67.10 and $68.44. Currently, there are 569.50 million shares of General Mills Inc stock available for purchase.

General Mills Inc’s price-earnings (P/E) ratio is currently at 15.4, which is low compared to the Food Processing industry median of 18.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

General Mills Inc Stock Price History

General Mills Inc’s (GIS) price is currently down 6.66% so far this month.

During the month of June, General Mills Inc’s stock price has reached a high of $69.21 and a low of $62.03.

Over the last year, General Mills Inc has hit prices as high as $82.59 and as low as $60.33. Year to date, General Mills Inc’s stock is down 23.47%.

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What Caused General Mills Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 25, 2024, there were 7 analysts who downgraded General Mills Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate General Mills Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on General Mills Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

General Mills Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about General Mills Inc (GIS) by visiting AAII Stock Evaluator.

Relative Price Strength of General Mills Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 25, 2024, General Mills Inc has a weighted four-quarter relative price strength of -9.20%, which translates to a Momentum Score of 38 and is considered to be Weak.

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General Mills Inc Stock Price: Bottom Line

As of June 26, 2024, General Mills Inc’s stock price is $64.17, which is down 4.59% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like General Mills Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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