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General Mills Inc
Company Overview: General Mills, Inc. (NYSE: GIS) is a manufacturer and marketer of branded consumer foods. The Company operates through four segments: North America Retail, International, Pet, and North America Foodservice.
As per our previous US Dividend Income report published on ‘GIS’ on 10th January 2024, Kalkine provided a ‘Buy’ stance on the stock at USD 64.38 based on “decent fundamentals, impressive profitability metrics, associated risks, dividend yield of 3.65%, and current valuation” and the stock price has now moved by ~9.01% since then and the price has crossed resistance 1 and closing on resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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