General Mills (GIS) Looks Fully Valued After Its Portfolio Shake Up

General Mills (GIS) just reshaped its portfolio by exiting yogurt operations in the U.S. and Canada, moving to sell its Brazil unit and mainland China Haagen Dazs shops, and buying into premium pet food. Recent moves have landed in a mixed market backdrop for General Mills. The share price is down 19.82% year to date and the 1-year total shareholder return has declined 21.88%. At the same time, a 9.69% 90-day share price gain hints at improving short-term momentum as the portfolio reshuffle...