Jim Cramer Says You Don’t Have Anything For General Mills, Inc. (GIS) Unless It Combines With Kraft-Heinz

We recently published 10 Stocks That Were On Jim Cramer’s Radar As He Warned “It’s Too Early” To Buy. General Mills, Inc. (NYSE:GIS) is one of the stocks Jim Cramer recently discussed.

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General Mills, Inc. (NYSE:GIS) is one of the largest packaged food products firms in America. Its shares have lost 22% year-to-date as the firm has been dragged down due to its sector’s woes. The troubles have affected General Mills, Inc. (NYSE:GIS)’s earnings, with the stock dipping by 5.7% in June as the firm reported its fiscal fourth quarter earnings. The results saw the company report a stunning 47% GAAP net income drop. Here is what Cramer said about General Mills, Inc. (NYSE:GIS):

“They’re all, not Bristol-Myers, my charitable trust owns, has not been good. But I think the others Campbell’s, General Mills, people feel, wait a second, it’s time for the great consolidation. We don’t have the FTC blocking us. We really have to just get some bandwidth. Mars has bandwidth. . .I do think that when you look at a stock like a General Mills, it yields five percent! General Mills is a very good company in a market that says listen we need more growth and they don’t have it.

“When do you get back in NVIDIA? But I think in the end, you’re going to want to buy growth. You’re always wanna buy growth. It’s always worked. And I think people seem to forget, and they want to gravitate towards General Mills. Unless General Mills wants to combine with Kraft-Heinz, you don’t have anything. Other than a 5% yield.”

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