Shares of B&G Foods (BGS) - Get Report are up more than 14% Friday after the company beat earnings per share estimates.

The company is so good at acquiring brands and revitalizing them, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment.

In this case -- in B&G's words -- the company was able to "awaken the Green Giant," Cramer said, referring to the company's $765 million purchase of the Green Giant business from General Mills (GIS) - Get Report .

"This was a win-win for everyone," Cramer explained. "General Mills became much more natural and organic by getting rid of Green Giant, and B&G Foods was able to pump up the volume and awaken the Giant."

B&G also raised guidance for earnings and revenue. This is a great company that has a nice dividend yield, he added. B&G Foods currently yields 3.7%.

Shares are up a whopping 77% over the past year and the stock was upgraded to buy by the analysts at DA Davidson.

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At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.