PepsiCo's (PEP) CEO Will "Save His Job," Says Jim Cramer

We recently published Jim Cramer Discussed These 11 Stocks & The Market’s 3rd Bull Run Anniversary. PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks Jim Cramer recently discussed.

Cramer has discussed PepsiCo, Inc. (NASDAQ:PEP) several times this year and primarily in the context of the effects of weight loss drugs on its sales. He’s remained optimistic about the firm’s CEO, Ramon Laguarta, and maintained the opinion this time around as well:

“We don’t think of innovation when it comes to snacks, when it comes to drinks. That’s wrong. Ramon Laguarta is going to save his job. . because the roster of new things he introduced the other day, the stock’s now up almost ten straight points. The Elliott people have to be impressed. I’ve always liked Ramon, I think that he’s been the only guy who has said listen, GLP-1 is a threat to mine. . .I liked his honesty, all these other guys saying listen, don’t worry about it, don’t worry about. He said look I got a real problem, also with food dye, I got a real problem. He aggressively challenged these things and he’s in a very challenged industry. But I like what he’s doing.

“[On nice follow through to yesterday’s gain] Yes, because it’s a different PepsiCo overnight. Actually he’s been working on getting the color out, the dyes out. He’s been working on new ideas and it’s paying off. And I’m glad, because he is a decent good guy who’s got to get this ship going again. He will.”

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