PepsiCo, Inc. (PEP) CEO Pulled A Rabbit Out Of A Hat, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As He Said “Pilots Are Too Expensive”. PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks Jim Cramer recently discussed.

PepsiCo, Inc. (NASDAQ:PEP)’s shares, unlike rival Coca-Cola, jumped by 7.5% after the firm’s latest earnings report. The shares gained as investors remained bullish about the firm’s turnaround plan, which aims to focus on protein and a rebranding of its snack products. Cramer discussed why PepsiCo, Inc. (NASDAQ:PEP) performed better and praised the firm’s CEO Ramon Laguarta:

“But Pepsi had the, they had the anti-GLP-1s. That was the beginning of the end of the era where people just said you know what, I can, I only need to eat one. They’re back. The eaters are back. . .the cheaper way to get GLP-1s is gone.

“Did you see the Pepsi number while you were away? It was fantastic. And, Ramon Laguarta is delivering. He’s delivering more than, than James because he’s got snacks that have been nowhere. His stock is at 134, everyone thought it was going to go to 129. Where it would have a very big yield. Laguarta pulled a rabbit out of a hat. James Quincy did not pull a rabbit out of the hat. He’s got tariff problems and he didn’t have growth in certain regions and I don’t think he was consumed by sugarcane but it certainly, hit him.”

While we acknowledge the potential of PEP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.