Jim Cramer: Kraft Heinz Needs Products Millennials Want
Jim Cramer says Kraft Heinz needs to do more to attract millennial customers.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Kraft Heinz (KHC) - Get Report needs to do more to attract millennial customers. 'We've cut back the stock so that it can't hurt us,' Cramer said. The stock is a holding of Cramer's charitable trust. He was disappointed with the food maker's last quarter and is concerned the company isn't doing enough to attract millennials in the way that rivals General Mills (GIS) - Get Report and Campbell Soup (CPB) - Get Report are. Kraft Heinz is slated to report quarterly results on Wednesday.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
