Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

27. General Mills, Inc. (NYSE:GIS)

Number of Hedge Fund Holders In Q3 2024: 30

General Mills, Inc. (NYSE:GIS) is one of the biggest consumer food companies in the US. The firm makes and sells a variety of products such as yogurt, snack bars, cereals, and hot snacks. General Mills, Inc. (NYSE:GIS) has struggled lately with the stock down by 5.80% over the past 12 months. This is primarily because high food inflation has forced consumers to cut down on their food spending. In response, General Mills, Inc. (NYSE:GIS) has had to run promotional prices which have hurt its bottom line and forced it to cut profit outlooks. Here’s what Cramer said:

“I do think that even some of the more domestic ones in this group are going down. General Mills is a domestic company. And that stock was at $75 and now it’s at $62.”