General Mills, Inc. (NYSE:GIS) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. Noting that the stock is down, a caller asked for Cramer’s long-term opinion. In response, he said:
You know, I was talking with the team earlier about, I was talking to Jeff Marks about, that I saw Smucker, SJM, report a good quarter, and it went up for about a minute, and then it just got crushed. I can’t recommend the stock of General Mills, 6.67% yield, it does not stop the decline. I’m going to have to say no. I don’t have a reason to recommend General Mills, so I’m just going to have to say pass. Pass, wow.
A stock market chart. Photo by Arturo A on Pexels
General Mills, Inc. (NYSE:GIS) provides branded foods, including cereals, snacks, meals, baking products, frozen items, ice cream, and pet food. Cramer mentioned the stock during the March 18 episode and commented:
I thought that General Mills might bottom on a good quarter, big yield. Sadly, the quarter wasn’t good enough. Management tried to turn minuses into pluses, but the crowd wasn’t buying it, even with that 6.5% yield.
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