How Did Jim Cramer’s 12 Bold Predictions Play Out?

7. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 81

The Coca-Cola Company (NYSE:KO), the iconic beverage giant, was mentioned back then in relation to a strong earnings report that was overshadowed by a market selloff. Jim Cramer called the market irrational at the time and followed it up with an interview with its CEO James Quincey. Here’s what he said:

“Look, this is really important—I don’t want you to let today’s ugly tape scare you away from some great earnings stories. Take Coca-Cola. Reported an excellent beat-and-raise quarter this morning but because the whole market got slammed the stock actually went down. It should have gone up. It’s absurd. […]

Eli Lilly reported today, and they’ve got these GLP-1 drugs and they’re supposed to help people lose weight. I think they help people drink more coke! I really have not been able to figure correlation at all. One thing is definite which is they certainly drink more Diet Coke, and my favourite Coke Zero!”

Cramer’s bullish sentiment around The Coca-Cola Company (NYSE:KO) was warranted and its shares have risen by 16.62% since then.

Addressing the most recent pullback in consumer product stocks, Cramer once again gave a positive opinion on the stock, saying this on the 25^th of April:

“On the other side of the economic spectrum, we have Coca-Cola. It’ll be interesting to see if Coca-Cola can maintain its momentum. It’s the only stock in the consumer products group that I follow that’s still hanging in there after a brutal week for the cohort. Did you see PepsiCo? Holy cow.”