Did General Mills Impress with Its Fiscal 3Q16 Results?
Moving averages
As of March 28, General Mills (GIS) closed at $61.88. It is trading 7.03% above its 100-day moving average, 6.4% above its 50-day moving average, and 2.05% above its 20-day moving average. General Mills’ peers in the industry include Campbell Soup (CPB), ConAgra Foods (CAG), and Kellogg (K).
Campbell Soup closed at $63.38. This is 14.04% above its 100-day moving average, 6.4% above its 50-day moving average, and 0.54% above its 20-day moving average. So far, Campbell Soup has gained 23% in 2016.
ConAgra closed at $44.28. This is 7.2% above its 100-day moving average, 6.2% above its 50-day moving average, and 2.2% above its 20-day moving average. So far, it has gained 7% in 2016.
Kellogg is trading 5.4%, 2.6%, and 0.66% above its respective 100-day, 50-day, and 20-day moving averages. So far, it has gained 6% in 2016.
The First Trust Consumer Staples AlphaDEX ETF (FXG) invests 7.2% of its portfolio in all of these stocks. FXG is trading 4.4%, 4.1%, and 0.62% above its 100-day, 50-day, and 20-day, respectively, moving averages. It closed at $45.83 on March 28. The iShares Morningstar Mid Value ETF (JKI) also invests 0.71% in CPB.
Analysts’ estimates
Analysts’ estimates indicate upsides of 7.5% for ConAgra and 1.8% for Kellogg from the current levels on March 28 for the next 12-month period. Meanwhile, General Mills and Campbell Soup already beat analysts’ estimates by 3.02% and 4.1%, respectively, on March 28.
As of March 28, General Mills, Campbell Soup, ConAgra, and Kellogg reported positive YTD (year-to-date) returns of 7.3%, 20.6%, 5.0%, and 4.7%, respectively. FXG also reported positive YTD returns of 3.1%, respectively.
Browse this series on Market Realist: