Jim Cramer Says “You Can Buy” General Mills Because of the Dividend But Not Earnings

General Mills, Inc. (NYSE:GIS) is one of the stocks that Jim Cramer shared thoughts on. When a caller inquired about the company during the lightning round of the episode, Cramer remarked:

“Well, the good news about General Mills’s, it’s got a 5% yield. The bad news is that unless, they didn’t do what Pepsi did. See, when I was on the Pepsi Cola call, listening to… Ramon Laguarta, he has managed to be able to somehow deal with the GLP-1s. General Mills has not been able to deal with them. So I’ve gotta tell you, I am on the camp which says you can buy it because of the dividend, but not because of the earnings. That’s a tough one.”

General Mills (NYSE:GIS) produces and sells branded food products, including cereals, snacks, frozen meals, baking mixes, dairy items, and pet food. The company’s portfolio features several well-known brands and is distributed across various retail and foodservice channels.

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