Jim Cramer on PepsiCo's Recent Rally: "Maybe Something's Going On"

PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks on Jim Cramer’s recent game plan. Cramer highlighted the company’s snack division struggling due to GLP-1 drugs, as he remarked:

Now, Tuesday’s filled with high-profile companies like PepsiCo, Merck, and Pfizer in the morning. I worry about PepsiCo because of its snack division, Frito-Lay. It’s struggling, a casualty of the GLP-1 weight loss drugs. At the same time, CEO Ramon Laguarta could be ready to take some serious actions to lessen the company’s dependence on snacks. Now, the stock did close almost five points higher today. That’s a huge move for the stock. Maybe something’s going on, or that whole group just went nuts today after a great quarter from Colgate.

PepsiCo, Inc. (NASDAQ:PEP) produces, markets, and distributes beverages and convenient foods, including snacks, cereals, dairy, and ready-to-drink products. Cramer mentioned the company during the episode aired on October 8, 2025, as he stated:

The market didn’t use to operate this way, but times have changed. If you scrutinize the new low list, what do you see? It’s all the old safety stocks. What’s down a lot? How about Kimberly-Clark, down 2% today, nearly 9% for the year. How about Clorox, down 26% for the year. Campbell’s, that old story, down 27%… McCormick, it didn’t look like a terrible quarter when the spice company reported the other day, but the stock was slaughtered anyway. PepsiCo reports tomorrow. It’s got a 4% yield and a powerful activist firm trying to get that stock back in the plus column, but it’s still down more than 8% for the year. Then again, that’s a lot better than Conagra, down nearly 33%. Ouch. So there’s no safety in these stocks.

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