Jim Cramer’s Surprised About US Travel As He Discusses These 18 Stocks

12. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders In Q4 2024: 69

PepsiCo, Inc. (NASDAQ:PEP) is a well-known American food and beverage firm. Cramer has discussed the firm several times in his morning show. In several of these, he has praised PepsiCo, Inc. (NASDAQ:PEP)’s CEO Ramon Laguarta and commended his appreciation of the fact that weight loss drugs change the firm’s market dynamics. Here are his latest comments about PepsiCo, Inc. (NASDAQ:PEP):

“PepsiCo, by the way, Ramon Laguarta, I bet you that stock is barely down, because that stock had been prepped, from a level of negativity. Yeah, it’s not even down. A level of negativity you can’t believe. And when you speak to Ramon, can I just say, Ramon who I happen to like very much . . .Ramon is one of guys who has to accept the fact that we have a secretary of health and human services that is basically just saying you gotta get a lot of beetroot, you gotta get a lot of natural colors. And remember, PepsiCo, Pepsi, like Coke, it’s got a kind of yellow. A yellow that David, frankly, there are other liquids that are yellow.”

“I think Ramon’s got the toughest hand of anybody that we’re going to see today and he’s doing the best with it. Okay. He has the toughest hand. He has a health and human services guy who wants to take the color out of everything that they make, okay. Now Doritos, I mean Doritos’ got a little stuff that makes it look a little more hot than the other guy. So you got to figure out how to make something look hot without. . .and do it naturally.”

“Also when you hear that potato chips are a discretionary item in people’s diet. What it says is people are very, very worried. They’re very worried about their job. And I’ve never equated a small bag of chips. . .I have never equated that with economic uncertainty.”

“I am saying that when you listen to the food guys and they are talking about how people are nervous and they’re cutting back on eating. When I’m nervous, I eat more. . . .who cuts back on eating. . .I eat a lot less because I’m nervous, who says that?”