This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Jim Cramer's 'Mad Money' Recap: Which Food Stock Will Be Bought Next?

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

NEW YORK (TheStreet) -- It's not too late to place your bets on which food stock will be next to catch a takeover bid, Jim Cramer told his Mad Money viewers Thursday. Cramer said in the quest for growth, the acquisition buying frenzy is only just beginning.

You'd have to go back to the 1980s to find a wave of consolidation to rival the one we're seeing now, Cramer said, as evidenced by the bidding war brewing for Hillshire Brands (HSH), which is itself set to acquire Pinnacle Foods (PF). But with many food companies starved for growth, the only way to satisfy shareholders is to make a deal.

Cramer said the current round of consolidation is also stemming from consolidation in the supermarket stocks. With fewer players out there, food companies need to bulk up in order to ensure their shelf space.

So who could be next? Cramer said it's anyone's guess. But Campbell's Soup (CPB) and Kellogg's (K) could be targets and companies like General Mills (GIS) are probably in the hunt.

But it's not just the food companies that are starved for growth. Cramer said that Clorox (CLX) and Procter & Gamble (PG) could also catch the merger mania and companies like Colgate-Palmolive (CL) and Kimberly Clark (KMB) could also be in the running.

Executive Decision: Cheryl Bachelder

For his "Executive Decision" segment, Cramer spoke with Cheryl Bachelder, CEO of Popeyes Louisiana Kitchen (PLKI), which soared today over 14% after the company reported a penny-a-share earnings beat and raised full-year guidance. Shares of Popeyes are up 80% since Cramer first got behind the restaurant chain in August 2012.

Bachelder credited Popeyes' strong quarter to great promotions, innovation and value, all of which helped customers overcome a difficult winter to visit the restaurants more often. She said the company's new chicken waffle tenders were especially popular.

Turning to the company's remodeling and rebranding efforts, Bachelder said 65% of the company's 2,250 locations have now been remodeled and that percentage should jump to 80% by year's end. Sales continue to be very strong at the remodeled locations.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,987.51 -61.49 -0.36%
S&P 500 1,985.54 -11.91 -0.60%
NASDAQ 4,567.5980 -24.2080 -0.53%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs