While most of the consumer staple plays, like Procter & Gamble, are getting squeezed, there are still some consumer product plays that make sense, “Mad Money” host Jim Cramer said Monday. Take B&G Foods, for example.
He thinks the company is “unscathed” by problems facing other food stocks. It doesn’t have much mainstream commodity exposure and therefore isn’t being crushed by higher food costs. That also means it doesn’t need to raise their prices as much.
Cramer also likes B&G Foods’ "hefty” dividend, which was recently raised by 17.4 percent. It now yields over 4.5 percent at these levels.
To find out more about the company and its future, Cramer spoke with CEO Dave Wenner. To see the full interview, watch the video.
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