Jim Cramer on Kimberly-Clark: “They Have to Think Bigger”

Kimberly-Clark Corporation (NASDAQ:KMB) is one of the latest stocks on Jim Cramer’s radar. Cramer discussed the company’s earnings, acquisition plans, and market reaction after both. He commented:

“How about Kimberly-Clark? Sure, it got hit hard off the announcement of the Kenvue acquisition yesterday, but consider this. This, Kimberly just reported that it earned a $1.82 per share. Street was looking for $1.76. Now, the stock got a quick pop on that, gaining 3% Thursday, but that’s ancient memory as the stock’s now given up all that and more, of course because of the takeover.

But you know, I gotta tell you, it yields 5%, a terrific balance sheet. Doesn’t seem to matter. You gotta wonder, why these guys felt compelled to bid for Kenvue because nothing else is working. It just reported a very, very good quarter and the stock did next to nothing anyway. They have to think bigger if they hope to regain the love of growth investors.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

Kimberly-Clark Corporation (NASDAQ:KMB) sells personal care and household products, including diapers, wipes, feminine and adult care products, tissues, paper towels, and soaps.

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