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Jim Cramer Boosts J.M. Smucker After 'Remarkable' Quarter

Jim Cramer Boosts J.M. Smucker After 'Remarkable' Quarter

Smucker has made great acquisitions and the stock is up after beating on earnings, Cramer says. What's not to love?

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Smucker has made great acquisitions and the stock is up after beating on earnings, Cramer says. What's not to love?

J.M. Smucker (SJM) - Get Free Report  shares jumped close to 8% Thursday after the company beat on earnings and reported revenue in line with expectations. 

This was a "remarkable quarter" and the company's margins expanded, too, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment. Smucker stock is now up 20.5% on the year and up nearly 100% over the past five years. 


J.M. Smucker SJM data by YCharts

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Consumers love coffee, Cramer said, and that gave sales a boost at Smucker's Folgers brand. 

Cramer said investors are gravitating towards consumer packaged-goods companies that have growth, and  J.M. Smucker is one of those companies along with Hormel Foods (HRL) - Get Free Report . 

Cramer also praised J.M. Smucker for its "great" acquisition of Big Heart Pet Brands, owner of brands such as Meow Mix, Milk-Bone and Kibbles 'n Bits, among others. He said this gives Smucker's a way to gain exposure to the growing and lucrative pet food market, Cramer explained.

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