TheStreet’s Jim Cramer is keeping an eye on General Mills (GIS) as the consumer foods provider is set to report its latest quarterly results before the opening bell Tuesday. Cramer says General Mills CEO Ken Powell ‘has reinvented this company, he has always been very shareholder friendly, boosting the dividend constantly, buying back a lot of stock but now they have a natural and organic story to tell. I urge people to go to Whole Foods and just look aisle by aisle to see what Annie’s has done. General Mills bought Annie’s and has made it so that it has become the brand for snacks.’ Cramer says ‘General Mills is very hard to get wrong, particularly after Campbell’s blew the quarter and the stock is very big since it reported.’ Cramer says this is a rare opportunity for investors and thinks it’s a straight forward ‘buy ahead and buy after’ scenario. Analysts polled by Reuters are expecting the company to post earnings of $0.69 a share on revenue of $4.25 billion for the quarter.
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