Jim Cramer Believes PepsiCo, Inc. (PEP) Can Do Better

We recently published Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play. PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks discussed by Jim Cramer.

Food products giant PepsiCo, Inc. (NASDAQ:PEP)’s shares are up by 1.3% over the past year and are down by 3.4% year-to-date. Cramer has regularly discussed the firm several times over the past couple of months. He has praised PepsiCo, Inc. (NASDAQ:PEP) CEO Ramon Laguarta on multiple occasions and commented on the threat to the firm’s products from weight loss drugs. PepsiCo, Inc. (NASDAQ:PEP) reported its fiscal second quarter earnings on July 9th. The results saw the firm post $24.18 billion in revenue and $2.20 in adjusted earnings per share to beat analyst revenue estimates of $23.95 billion and miss earnings estimates of $2.21. Ahead of the earnings, Citi had reduced PepsiCo, Inc. (NASDAQ:PEP)s share price target to $170 from $182 and kept a Buy rating. The bank explained that the food products firm was experiencing difficulties in its North American markets. Cramer briefly mentioned the firm ahead of his interview with its CEO:

PepsiCo (PEP) is One of the Best Quality Stocks to Buy According to Wall Street Analysts, Here's Why

“Alright, PepsiCo’s shares. This is going to be a tough one because this is a great American company with a great growth tradition and it’s not taking hold here.”

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