Societe Generale Issues Ratings Changes On Anhesuer-Busch InBev SA, Kellogg Company And More

Earlier Wednesday morning, Societe General issued the following rating and price target changes.

Upgrades

• Mondelez International Inc MDLZ: from Hold to Buy, price target from $40 to $43
• Anhesuer-Busch InBev SA BUD: Sell to Hold

Downgrades

• General Mills, Inc. GIS: Hold to Sell, $53 to $50
• Kellogg Company K: Buy to Hold, $68.50 to $66
• Nestle: Buy to Hold

Following the changes, shares of General Mills and Kellogg have fallen about three percent and one percent, respectively.