General Mills Stock Is Among March's Best Performers

An unwinding of analyst pessimism could push GIS higher

Digital Content Manager
Mar 2, 2022 at 2:41 PM
facebook X logo linkedin

As volatility grasps Wall Street, investors are looking for solid entry points into the market. One stock in particular that stands out as an interesting portfolio addition this month is General Mills, Inc. (NYSE:GIS). The security has recently pulled back from its Jan. 14, five-year high of $69.95, though it still sports firm support at the 100-day moving average, which has been in place since October. Last seen up 1.4% to trade at $67.71, the security also stands out as one of the 25 best performers in March, going back 10 years. 

GIS 100 Day

To be more specific, GIS just appeared on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks on the S&P 500 Index (SPX) that averaged the highest March returns over the last decade. General Mills stock averaged a 4.2% one-month return, with eight of these months positive. A move from its current perch would place the equity above the $70 mark for a fresh five-year peak.

Best of March 2022

An unwinding of pessimism among the brokerage bunch could create more tailwinds for General Mills stock. Of the 10 analysts in coverage, six still call the equity a tepid "hold" or worse, while the 12-month consensus target price of $66.01 is a 2.5% discount to current levels. This leaves plenty of room for upgrades and/or price-target hikes.

Short-term options traders already lean bullish. This is per the security's Schaeffer's put/call open interest ratio (SOIR) of 0.39, which stands higher than just 7% of readings from the past 12 months. This means short-term options traders have rarely been more call-biased.


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!




Rainmaker Ads CGI