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How Is General Mills Trading Compared to Key Moving Averages?

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Moving averages

On June 23, General Mills (GIS) closed at $66.77. It’s trading 8.2% above its 100-day moving average, 5.5% above its 50-day moving average, and 3.3% above its 20-day moving average. General Mills’ peers in the industry include Pinnacle Foods (PF), Flowers Foods (FLO), and Kellogg (K).

Pinnacle Foods closed at $44.16, which is 1.6% above its 100-day moving average, 2.2% above its 50-day moving average, and 1.9% above its 20-day moving average. So far, Campbell Soup has gained 4% in 2016. Flowers Foods closed at $17.92, which is 2.6% below its 100-day moving average, 4.2% below its 50-day moving average, and 2.4% below its 20-day moving average. So far, it has fallen 16% in 2016. Kellogg is trading 2.9%, 2.2%, and 2.1% above its respective 100-day, 50-day, and 20-day moving averages. So far, it has gained 8% in 2016.

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Analyst estimates

Analysts’ estimates indicate upsides of 10% for Pinnacle and 6.3% for Flowers Foods from the current levels on June 23 for the next 12-month period. Meanwhile, General Mills and Kellogg already beat analysts’ estimates by 9.1% and 0.06%, respectively, on June 23.

The First Trust Consumer Staples AlphaDEX ETF (FXG) invests 0.88% in General Mills. FXG is trading 3.6%, 1.5%, and 0.58% above its 100-day, 50-day, and 20-day moving averages, respectively. FXG reported positive YTD returns of 7.1%. It closed at $47.60 on June 23. In addition, the iShares Morningstar Large Core ETF (JKD) invests 0.77% in GIS.

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