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The market has been favoring tech stocks and AI-related stocks, but investing in beaten down sectors like Consumer Staples provides balance and downside protection. General Mills is one such beaten-down name, despite robust revenue growth and strong profitability in recent years. GIS has shown favorable margin growth and is expected to achieve 4-5% annual EPS growth, making it a compelling buying opportunity at its current discounted valuation.
General Mills (GIS) concluded the recent trading session at $64.06, signifying a +0.55% move from its prior day's close.
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General Mills (GIS) closed the most recent trading day at $64.80, moving -0.05% from the previous trading session.
General Mills (GIS) is innovating across key segments like cereals and yogurt, and targeting market growth and efficiency amid market challenges for a robust future.
General Mills reported mixed earnings results last month. The food company lowered its guidance based on the consumer trends it's seeing.
As other investors grow more euphoric over the tech sector, perhaps it's smart to take on a more contrarian mindset, with more defensive plays like those in the food scene. While you are diving into the food scene, you should also look for high-value dividend stocks.
General Mills, Inc. stock has been heavily sold off since May, and the downtrend may continue if trendline support at $63 fails. The food products industry has been ignored by Wall Street, causing stocks like General Mills to struggle. General Mills is facing fundamental headwinds, including moderating pricing power and increasing price elasticity among consumers.
The rally in U.S. equities that saw the S&P 500 rise eight of the last nine sessions came to an end as a selloff that began early in the afternoon accelerated late in the session. The S&P 500 lost 1.5% Wednesday.
General Mills (GIS) shares dropped over 2% in intraday trading Wednesday after the cereal giant missed sales estimates and cut its outlook as higher prices led consumers to shift to lower-priced brands.