Cramer Interviews General Mills CEO

Wednesday, 27 Jun 2012 | 6:40 PM ET

Despite the stock market's gains Wednesday, "Mad Money" host Jim Cramer thinks investors still need to play defense, citing food company General Mills as an example.

General Mills
Source: generalmills.com
General Mills

The Minneapolis-based company makes everything from Cheerios cereal to Häagen-Dazs ice cream. On Tuesday, it raised its dividend by 8 percent, bringing the yielding to 3.5 percent. It was the twelfth boost in the last eight years, Cramer noted.

On July 8, General Mills is hosting an analyst meeting. Cramer thinks it could paint a bullish picture, which would make the stock a great buy now considering its recent declines.

General Mills CEO: Many Opportunities to Grow in US
General Mills raised its dividend by 8 percent, reported positive earnings, but gave disappointing guidance, says Mad Money host Jim Cramer. Ken Powell, General Mills chairman & CEO, offers insight on where he thinks his company is headed.

To learn more about the company's prospects, though, he welcomed CEO Ken Powell onto "Mad Money."

Check out the video to see the full interview.

Read on for Cramer: How to Trade an Obamacare Ruling

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