Shares of General Mills Inc. (GIS) Exceed 52-Week High

IBN Spotlights
Thursday, September 22, 2022 at 6:26pm UTC

Shares of General Mills Inc. (NYSE:GIS) traded today at $81.24, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 4.3 million shares traded hands, while the average 30-day volume is approximately 3.8 million shares.

General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, BLUE, and Haagen-Dazs. In fiscal 2022, 77% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills’ products are sold through retail stores to consumers, the company also sells products into the food-service channel and the commercial baking industry.

General Mills Inc. (NYSE:GIS) defies analysts with a current price ($80.87) 6.5% above its average consensus price target of $75.58.

General Mills Inc. share prices have moved between a 52-week high of $81.24 and a 52-week low of $57.47 and are now trading 41% above that low price at $80.87 per share.

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