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Cramer said that ConAgra's move to acquire Ralcorp (RAH) gives it key exposure to the red-hot private-label market and, with CAG's s huge yield, is not done going higher and could see $35 a share.
Beyond ConAgra, Cramer said he's also bullish on B&G Foods (BGS - Get Report), which also has a good yield, along with Heinz (HNZ), McCormick (MKC - Get Report), Hershey (HSY - Get Report) and Kellogg (K - Get Report) on the heels of its acquisition of Pringles.Which food stocks would Cramer avoid? The only one that came to mind was Treehouse Foods (THS - Get Report), a stock Cramer said has been too inconsistent for his liking. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC