Jim Cramer on Coca-Cola: "I Think it's a Great Level to Buy"

The Coca-Cola Company (NYSE:KO) is one of the stocks on Jim Cramer’s radar recently. A caller asked Cramer for his short-term and long-term outlook on the stock, and he said:

“I think it’s a terrific stock. It’s one of the few consumer packaged goods companies that really has a lot of momentum. The stock’s come down a bit. I think it’s a great level to buy, and I think James Quincey is terrific.”

The Coca-Cola Company (NYSE:KO) manufactures and sells beverages across categories, including soft drinks, water, sports drinks, coffee, tea, juice, dairy, and plant-based products. The company’s portfolio features brands such as Coca-Cola, Sprite, Fanta, Minute Maid, Powerade, Dasani, and fairlife. Cramer mentioned the stock in an April episode and said:

“On the other side of the economic spectrum, we have Coca-Cola. It’ll be interesting to see if Coca-Cola can maintain its momentum. It’s the only stock in the consumer products group that I follow that’s still hanging in there after a brutal week for the cohort. Did you see PepsiCo? Holy cow.”

The stock is down around 8.3% since the above comment was aired back in April.

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