Jim Cramer Says “Campbell’s Has Been Fighting the Bears for Years”

The Campbell’s Company (NASDAQ:CPB) is one of the stocks Jim Cramer was recently focused on. Cramer questioned the company’s yield and whether it is worth buying. He remarked:

“Conagra’s not the only food stock with an outsized yield. Campbell’s has been fighting the bears for years. Talk about solid brands… Pepperidge Farm, Cape Cod… V8, all solid. Stock yields just under 5%. Kind of tempting, but why is that yield that high? I think the only way to justify buying this one is if you’re waiting for a takeover. And at least so far, that’s not been a real good bet.”

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The Campbell’s Company (NASDAQ:CPB) manufactures and sells soups, broths, sauces, juices, frozen meals, and beverages. In addition, it provides a wide range of snacks through brands like Pepperidge Farm, Goldfish, Snyder’s of Hanover, Cape Cod, and Kettle Brand. Cramer mentioned the company during a July episode and said:

“I’m not going to go against a market that’s signaling that interest rates are coming down. That’s what today did. And the high fliers have flown too high, while the companies with good dividends have gotten too low. This is just temporary. So what are you supposed to do then? First, know that the rotations are not investible, but at best, they’re tradable. Take Campbell’s or General Mills, both yield almost 5%. Both are good companies, just not as good, maybe not as good as PepsiCo, but they’re in the same league… So if people are craving chips and soda again, maybe they’ll also crave food from General Mills and Campbell’s, neither of which has the calories of Doritos or the chemicals of soda.”

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