We recently published 10 Latest Stocks Jim Cramer Discussed Amidst Market Uncertainty. The Kraft Heinz Company is one of the stocks Jim Cramer recently discussed.
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The Kraft Heinz Company is an American food products company whose shares have lost 15% year-to-date. The stock sank by 7% on Tuesday after the firm admitted that its merger in 2015 had failed and announced that it would split into two companies. The Kraft Heinz Company’s shares weren’t helped by the fact that Warren Buffett, whose Berkshire Hathaway had helped engineer the deal, said he was “disappointed” with the deal. Cramer discussed The Kraft Heinz Company in detail:
“On plans to split into two companies to revive growth and how the stock is down] I think that they were, there was a time when you could buy these companies. And cut them to the bone and be able to produce great numbers. There was another time where you could reinvigorate Oscar Mayer didn’t seem to have anything going, now Heinz they actually did [inaudible] with, but in the end they caught up with the curse of consumer packaged goods and where they were in the grocery store. If you go, if you stroll the grocery store which you have to do, you see the Craft, and you see the Jello, and the Oscar Mayers, and they’re all in the middle, with the exception of Lunchables which is the end cap. I don’t see anything here.
“I don’t know, I feel badly about, these guys are really good, okay. I think their hand is bad.”
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This article is originally published at Insider Monkey.
