Jim Cramer on General Mills: “A Lot of These Companies Just Have to Combine”

General Mills, Inc. (NYSE:GIS) was among Jim Cramer’s stock calls on Mad Money recently. A caller asked whether the company can reaccelerate its organic growth or if performance will remain stagnant, and will rely on price increases and the pet food segment, “while core categories remain flat or declining.” Cramer replied:

Okay, Mills doesn’t want to hear this, Jeff Harmening doesn’t want to hear this, but they gotta combine. A lot of these companies just have to combine, and maybe with this administration, they could because they have to start playing offense, and they can’t right now because there’s too many negatives in the food group. Unless it’s just going to be a group that goes down for years and years and years, they have to do some combinations, and they gotta do them now.

Photo by Adam Nowakowski on Unsplash

General Mills, Inc. (NYSE:GIS) provides branded foods, including cereals, snacks, meals, baking products, frozen items, ice cream, and pet food. A caller asked for Cramer’s long-term opinion on the stock during the April 8 episode, and he replied:

You know, I was talking with the team earlier about, I was talking to Jeff Marks about, that I saw Smucker, SJM, report a good quarter, and it went up for about a minute, and then it just got crushed. I can’t recommend the stock of General Mills, 6.67% yield, it does not stop the decline. I’m going to have to say no. I don’t have a reason to recommend General Mills, so I’m just going to have to say pass. Pass, wow.

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