Alert: New Earnings Report (3/20/24)-General Mills Inc. (NYSE: GIS).

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General Mills Inc. (NYSE: GIS) has reported E.P.S. of $1.18 for its third fiscal quarter (ending February 28) versus $0.94 for the same period a year ago. E.P.S. were $4.39 for the latest four quarters through February 28 versus $4.68 for the same period a year ago.

Recent Price Action

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On 3/20/24, General Mills Inc. (NYSE: GIS) stock increased 1.2%, closing at $69.43. Moreover, exceptionally high trading volume at 211% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 5.6% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, GIS is expected to continue to be a major Value Builder.

General Mills has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. General Mills has a slightly negative Power Rating of 36 and a poor Appreciation Score of 28, resulting in the Lowest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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