Jim Cramer Recently Put These 18 Stocks Under a Microscope

16. General Mills, Inc. (NYSE:GIS)

Number of Hedge Fund Holders: 42

General Mills, Inc. (NYSE:GIS) is one of the stocks Jim Cramer recently put under a microscope. Cramer mentioned one of the biggest problems faced by food stocks while discussing the company, as he commented:

“Sometimes when stocks are doing badly, I get worried, not because I want to get out, but because I wonder if I might be missing a once-in-a-generational bottom. Those don’t come around all that often, of course… Risk takers might want to consider General Mills, but only if you’re betting on a takeover because the food stocks are being eaten alive by those GLP-1 weight loss drugs.”

General Mills, Inc. (NYSE:GIS) produces branded foods, including cereals, snacks, frozen meals, baking products, yogurt, and pet foods. Some of its well-known products include Cheerios, Betty Crocker, Pillsbury, Haagen-Dazs, Nature Valley, Old El Paso, and Blue Buffalo. Cramer mentioned the company during the July 30 episode and said:

“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.”