Jim Cramer Says Coca-Cola Consolidated is Good but He Prefers Coca-Cola

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) is one of the stocks Jim Cramer weighed in on. A viewer called in to ask if Cramer had a change of heart about the company, and he replied:

“Well, see here’s the problem: Coca-Cola Consolidated, yeah, it’s a bottler, it’s good, but you know what? I like to buy Coca-Cola. I think James Quincey, his stock is actually coming down. It’s now selling at a market multiple. Quincey’s a really great CEO. It’s one of the few consumer packaged goods stocks that work. That’s my pick.”

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) manufactures, markets, and distributes a wide range of nonalcoholic beverages, including Coca-Cola products, Dr Pepper, and Monster Energy, supplying retailers, foodservice outlets, and vending channels across diverse markets. When a caller asked about the stock in an August episode, Cramer replied:

“No, no… no, we’re not going there. That’s just, doesn’t have it. It’s down 10% for the year, and that actually makes sense. It does not have, a technical term that I like to use periodically that I learned at Goldman Sachs, the mojo. It doesn’t have it.”

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