Jim Cramer on General Mills: “The Stock’s Going to Go Down Anyway”

General Mills, Inc. (NYSE:GIS) is one of the stocks Jim Cramer shared his views on. A caller asked if Cramer has shifted his stance on the company, and he replied:

“Yeah, I’ve gone from here to here, meaning, no, not much stance changed at all. Here’s the problem: This is one of those companies that, frankly, is part of what I talk about as being in the heart of the inflation complex. They’ve got food that costs too much, they have input costs that cost too much, and they’re going to have to sacrifice their profit margin and bring their food price down, or else they’re not going to do the business that they used to do, and no one wants to cut their margins. They’re afraid about what will happen in the stock market, but all that’s going to happen, the stock’s going to go down anyway.”

Copyright: jetcityimage / 123RF Stock Photo

General Mills (NYSE:GIS) produces and markets a broad portfolio of packaged foods across meals, snacks, baking, and dairy, along with pet food products. Some of the major brands in its portfolio include Cheerios, Häagen-Dazs, Pillsbury, Nature Valley, Betty Crocker, and Blue Buffalo.

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Disclosure: None. This article is originally published at Insider Monkey.