Shares of General Mills Inc. (GIS) Have Risen Above Previous 52-Week High

IBN Spotlights
Wednesday, September 21, 2022 at 7:04pm UTC

General Mills Inc. (NYSE:GIS) traded today at a new 52-week high of $81.04. This new high was reached on above average trading volume as 10.1 million shares traded hands, while the average 30-day volume is approximately 3.5 million shares.

General Mills Inc. (NYSE:GIS) is currently priced 5.3% above its average consensus analyst price target of $76.02.

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.

In the past 52 weeks, shares of General Mills Inc. have traded between a low of $57.47 and a high of $81.04 and is now at $80.31, which is 40% above that low price.

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