Jim Cramer Flips on General Mills (GIS): “I Got a New Rap — It’s a Buy at $59!”

Insider Monkey
18 Apr

We recently published a list of Jim Cramer Answers If the Market Has Bottomed and Weighs In On 11 Stocks. In this article, we are going to take a look at where General Mills, Inc. (NYSE:GIS) stands against other stocks that Jim Cramer discusses.

On Monday, Jim Cramer, the host of Mad Money, highlighted how the market has turned upside down, with investors now buying stocks that they used to dislike, saying:

“If you told me this is where the market was headed two or three months ago, I would have thought you were insane, even crazier than I am. This radical transition over the past few weeks has just been frankly unfathomable. We’re now buying stocks we hated and we’re despising, and guess what we are now selling short the stocks that we used to worship. And it’s all happening on the fly. […] You can’t tell what’s underneath though but that makes it much easier for those real seekers who want to surf the Trump ‘stock wave’.”

READ ALSO: Jim Cramer Sounds the Alarm on China Rhetoric and Dollar Panic Then Analyzes 11 Key Stocks and Jim Cramer Hints at a Bigger Agenda Behind Tariffs and Breaks Down These 7 Stocks

Cramer centered the episode around the question on every investor’s mind: has the market finally bottomed?

“Fresh off a turbulent week for the tape, I’m opening up the phone lines and answering your most pressing questions because are we at a bottom? That’s what everybody wants to know. […] Well, the tariff exemptions, it looks like they’re coming. Market was eager to take a sigh of relief. I’m not so sure where we are with them, but the major indices jumped higher on President Trump’s announcement of temporary exemption on tariffs for phones computers and semiconductors, and really, I guess the subtext is for Apple. But in a tape this volatile we have headlines dropping left and right, I’ve got to tell you, I spend so much time trying to figure out what’s going on, but I think that periodically I nail it. So tonight what I want to do is open up our phone lines to hear directly from you, from the people of America.”

Our Methodology

For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 14. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

A worker in a production facility packaging arbitrary food products, reflecting the company's commitment to comprehensive production standards.

General Mills, Inc. (NYSE:GIS)

Number of Hedge Fund Holders: 49

A viewer inquired about General Mills, Inc. (NYSE:GIS) at $59 and whether it was a buy. Cramer supported the idea, citing its strong dividend and possible benefits from political pushback against weight loss drug trends, which could lead to renewed interest in packaged foods. Here’s his analysis:

“Okay you’re going to absolutely love this cuz I got a new rap on General Mills. I think General Mills with a 4% yield and at 59 is a buy. Let me tell you why. I think that our Secretary of Health and Human Services is deadset ultimately against the GLP-1 drugs. I think he’s going to make trouble for them. We own Eli Lilly and it has been a terrible sock dome for the last few months and I think General Mills is the flip side. I think they’re going to take the colour out of the out of the cereals that will be fine and then they’re going to be left alone, and people are going to want to buy it. So let’s say they’re going to take action, if they take that action then then uh then Bobby Kennedy Jr decides to leave him alone, $59 goes to $65. I like your idea.”

Cramer has changed his stance on food companies and General Mills, Inc. (NYSE:GIS). Here are his comments from March:

“. . .food companies are really terrible. Versus say 2007 and nine, where there was growth, there’s no growth in these companies. Campbell Soup, there’s no growth. Kraft Heinz, there’s no growth. General Mills, there’s no growth. These are really, they’re really [inaudible] companies.”

Overall, GIS ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GIS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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