General Mills Inc. (GIS) Dips 3.14% for December 24

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday December 24 was General Mills Inc. (GIS). The stock experienced a 3.14% decline to $37.59 with 3.96 million shares changing hands.

General Mills Inc. started at an opening price of 38.73 and hit a high of $38.86 and a low of $37.54. Ultimately, the stock took a hit and finished the day at $1.22 per share. General Mills Inc. trades an average of 5.35 million shares a day out of a total 596.75 million shares outstanding. The current moving averages are a 50-day SMA of $42.44 and a 200-day SMA of $43.68. General Mills Inc. hit a high of $60.69 and a low of $36.42 over the last year.

General Mills manufactures branded consumer foods, like ready-to-eat cereals, convenient meals, snacks, yogurt, baking mixes, and ice cream, to retail and food-service customers. Its key brands include Cheerios, Betty Crocker, Haagen-Dazs, Pillsbury, Nature Valley, Old El Paso, Annie's, and Yoplait. The North America retail segment contributed roughly two thirds of sales and above three fourths of operating profits in fiscal 2018. More than 70% of General Mills' revenue is generated in the United States. The firm is poised to bolster its presence in the natural and organics aisle with its acquisition of Blue Buffalo (now its pet segment), a natural pet food brand.

With its headquarters located in Minneapolis, MN, General Mills Inc. employs 40,000 people. After today’s trading, the company’s market cap has fallen to $22.43 billionAs for its value, has a P/E ratio of <11.3, a P/S of 1.42, a P/B of 3.37, and a P/FCF of -3.2.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on General Mills Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: GIS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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