Cramer Quick Take: ConAgra Tops the Food Stocks
NEW YORK (TheStreet) -- Investors looking to invest in food stocks should look no further than ConAgra (CAG) , Jim Cramer told Debra Borchardt at TheStreet.com Thursday.
Cramer said that ConAgra's move to acquire Ralcorp (RAH) gives it key exposure to the red-hot private-label market and, with CAG's s huge yield, is not done going higher and could see $35 a share.Beyond ConAgra, Cramer said he's also bullish on B&G Foods (BGS) , which also has a good yield, along with Heinz (HNZ) , McCormick (MKC) , Hershey (HSY) and Kellogg (K) on the heels of its acquisition of Pringles.
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Which food stocks would Cramer avoid? The only one that came to mind was Treehouse Foods (THS) , a stock Cramer said has been too inconsistent for his liking.
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-- Written by Scott Rutt in Washington.
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