Jim Cramer on Kraft Heinz CEO: “I Have Faith in Steve”

The Kraft Heinz Company (NASDAQ:KHC) was among  Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. Cramer showed faith in the company’s CEO, as he remarked:

Finally, alright, I’m going to put my neck in there, I want to take on the risk of owning Kraft Heinz with CEO Steve Cahillane, the miracle worker who made you a huge amount of money with Kellogg in that breakup at a time when the rest of the industry was falling apart. Steve came on the show not that long ago and laid out a vision that could turbocharge old, lost brands. I hope he can pull it off and save the dividend. Currently yields 6.85%. Now, this is faith-based investing, though, as I have faith in Steve after what he did with the arguably more difficult Kellogg. But I don’t have all that much faith in Kraft or Heinz after previous management gutted the company.

Photo by Artem Podrez on Pexels

The Kraft Heinz Company (NASDAQ:KHC) produces food and beverage products, including condiments, dairy, meals, meats, beverages, and snacks.

While we acknowledge the risk and potential of KHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KHC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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