Jim Cramer on The Kraft Heinz Company: "The Reason I Can't Get Behind It Is Because It Has No Growth"

The Kraft Heinz Company (NASDAQ:KHC) is one of the stocks on which Jim Cramer gave his opinions. A caller inquired after Cramer’s thoughts on the stock, and he remarked:

Man, I gotta tell you, as much as I like the CEO, as much as I think that he’s going to try to do the most out of it, I can’t get behind it. And the reason I can’t get behind it is because it has no growth, and I’m trying to stay away from the companies that have no growth but just good yield because it just doesn’t make up for it. So I’m sorry, I wish I could be more positive because I gotta tell you, Steve Cahillane has done a great job. Remember, he did the big Kellogg breakup, and it worked. Maybe he can do something here, but let’s give him a chance.

The Kraft Heinz Company (NASDAQ:KHC) produces food and beverage products, including condiments, dairy, meals, meats, beverages, and snacks. During the January 22 episode, a caller inquired about the stock in light of Berkshire Hathaway getting rid of its 28% stake, and Cramer responded:

Well, okay, so we know that it’s not Warren. It’s the new fellow that took it over, and he doesn’t, look, I don’t blame him. He doesn’t want to have the position on his sheets. I do like Steve Cahillane, he’s the new CEO. He came from Kellogg. But Ben Stoto and I kicked this one around, and we decided we just couldn’t get behind it. There’s not enough good happening in the food business. I’m a seller, not a buyer.

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