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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. is one of the stocks discussed by Jim Cramer.

Food products giant PepsiCo, Inc.’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. CEO Ramon Laguarta on multiple occasions and commented on the threat to the firm’s products from weight loss drugs. PepsiCo, Inc. 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.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:

“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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