Cramer Interviews General Mills CEO

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
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.

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

Call Cramer: 1-800-743-CNBC

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?