Packaged foods maker General Mills, Inc. ( GIS ) on Thursday saw its shares downgraded by analysts at UBS, who cited the company's valuation.
The firm said it cut its rating on GIS from "Buy" to "Neutral" on a valuation call. UBS noted the stock, which closed at $39.22 on Wednesday, is approaching its $41 price target.
General Mills shares were mostly flat in premarket trading Thursday.
The Bottom Line
We have been recommending shares of General Mills ( GIS ) since July 30, 2009, when the stock was trading at $29.54. The company has a 2.86% dividend yield, based on last night's closing stock price of $39.22.
General Mills, Inc. ( GIS ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.7 out of 5 stars.
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