Jim Cramer Answers If the Market Has Bottomed and Weighs In On 11 Stocks

7. General Mills, Inc. (NYSE:GIS)

Number of Hedge Fund Holders: 49

A viewer inquired about General Mills, Inc. (NYSE:GIS) at $59 and whether it was a buy. Cramer supported the idea, citing its strong dividend and possible benefits from political pushback against weight loss drug trends, which could lead to renewed interest in packaged foods. Here’s his analysis:

“Okay you’re going to absolutely love this cuz I got a new rap on General Mills. I think General Mills with a 4% yield and at 59 is a buy. Let me tell you why. I think that our Secretary of Health and Human Services is deadset ultimately against the GLP-1 drugs. I think he’s going to make trouble for them. We own Eli Lilly and it has been a terrible sock dome for the last few months and I think General Mills is the flip side. I think they’re going to take the colour out of the out of the cereals that will be fine and then they’re going to be left alone, and people are going to want to buy it. So let’s say they’re going to take action, if they take that action then then uh then Bobby Kennedy Jr decides to leave him alone, $59 goes to $65. I like your idea.”

Cramer has changed his stance on food companies and General Mills, Inc. (NYSE:GIS). Here are his comments from March:

“. . .food companies are really terrible. Versus say 2007 and nine, where there was growth, there’s no growth in these companies. Campbell Soup, there’s no growth. Kraft Heinz, there’s no growth. General Mills, there’s no growth. These are really, they’re really [inaudible] companies.”