Jim Cramer on The Campbell’s Company: “I’d Rather Have You Own McCormick’

The Campbell’s Company (NASDAQ:CPB) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. A caller asked whether it is a good time to take a position in the stock and whether the dividend is sustainable. In response, Cramer said:

Alright, I never buy a stock for dividend, for high yield, because too many times, that yield turned out to be chimerical. Now, I absolutely like the company, I like the brands, but when I see 7, 8% yield, I just say, you know what, it’s not worth it. It’s just not worth it. And I’m going to say that you shouldn’t own Campbell’s. I’d rather have you own McCormick, frankly. There you go. I’m out of the closet with McCormick. I’m there. Boom, boom, boom.

Photo by jason briscoe on Unsplash

The Campbell’s Company (NASDAQ:CPB) produces and sells soups, broths, sauces, juices, frozen meals, and beverages. In addition, it offers a wide range of snacks through brands such as Pepperidge Farm, Goldfish, Snyder’s of Hanover, Cape Cod, and Kettle Brand.

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