Jim Cramer Says We’re Entering a Bear Market and Breaks Down These 10 Stocks

8. Conagra Brands, Inc. (NYSE:CAG)

Number of Hedge Fund Holders: 32

Jim Cramer mentioned Conagra Brands, Inc. (NYSE:CAG) in relation to its upcoming earnings report on Thursday. He flagged concerns about the company’s outlook, pointing to its high dividend yield as a warning sign:

“Thursday’s quiet on the Washington front but it’s a good prelude to the beginning of earnings season. Conagra reports, okay, and the last time we heard from this package fruit company was a bit dispiriting. One look at that yield north of 5% tells you that something’s very awry here.”

Conagra Brands is a major player in packaged foods, with a portfolio that includes household names like Healthy Choice, Hunt’s, Orville Redenbacher’s, and Slim Jim. It serves both retail and foodservice customers but has recently struggled with inflationary pressures and changing consumer tastes.

Jim Cramer has been neutral on Conagra Brands, Inc. (NYSE:CAG) and recently, he even stated that the company should merge with another U.S.-based food player:

“You know, look, honestly, General Mills needs to merge with Conagra, okay. I’ll just put that one out.