Jim Cramer Recently Commented on These 12 Stocks

2. Kimberly-Clark Corporation (NASDAQ:KMB)

Number of Hedge Fund Holders: 42

Kimberly-Clark Corporation (NASDAQ:KMB) is one of the stocks Jim Cramer recently commented on. Cramer highlighted the company’s acquisition plans, as he commented:

“Now, I want you to contrast that with Kimberly-Clark, a great company, saw its stock get clobbered today after the company announced it was buying Kenvue. That’s the maker of Tylenol, Band-Aids, Neutrogena, among other brands… At one time, like so many other household names, Kimberly-Clark went from being a largely domestic company to a worldwide colossus… Kimberly-Clark’s growth rate got better and better and better, and the stock was a juggernaut.

But once Kimberly-Clark had expanded everywhere and began to face more competition from Procter & Gamble and Unilever all over the globe, as well as the local brands that caught up to their winning formula, well, the growth rate plummeted. It got to the point that Kimberly had a 2.5% organic growth rate when it reported last week. And believe it or not, that was actually a pretty good number. That’s simply not enough growth, though, to attract the new buyers that are interested in the Mag Seven. No wonder the company felt compelled to buy Kenvue even as it owns the very controversial Tylenol… A safety stock does not go down 22% in one year.”

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