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General Mills Downgraded to “Neutral” at UBS on Valuation (GIS)

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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