Jim Cramer Notes He is Impressed With “Pepsi’s Dealing With the Travails of Processed Food and the Year of GLP-1”

PepsiCo, Inc. (NASDAQ:PEP) is among the stocks on Jim Cramer’s game plan as he shared his take on the market post Iran-U.S. ceasefire talks. Cramer called it the “second-best packaged food” company, as he remarked:

Thursday, we get results from the second-best packaged food company in the world. That’s PepsiCo, second best because Coca-Cola is first. I’ve been impressed by how well Pepsi’s dealing with the travails of processed food and the year of GLP-1 weight loss drugs and healthy diets for young adults. While CEO Ramon Laguarta has had his missteps, like the chips that he made that were too expensive, he’s navigated both soft drinks and Frito-Lay in a way that demonstrates that he’s listening to the customer, thank heavens. Really makes you wonder what the heck the other guys are doing.

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PepsiCo, Inc. (NASDAQ:PEP) produces, markets, and distributes beverages and convenient foods, including snacks, cereals, dairy, and ready-to-drink products. During the March 12 episode, a caller asked whether it was time to get out of the stock, and Cramer responded:

No… This is at the crux of what I’m talking about. I don’t want people selling good stocks because of short-term concerns. You get a 3.5% yield. You’ve got CEO, Ramon Laguarta who’s doing a terrific job. You’ve got the best food and beverage play. I don’t want you selling.

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