Jim Cramer Is Talking About These 10 Stocks Heading Into December

4. PepsiCo Inc (NASDAQ:PEP)

Number of Hedge Fund Investors: 58

Answering a question about Pepsi in a latest program on CNBC, Jim Cramer explained why he is bearish on the stock:

“The odds are just right now… If you have the Fed cutting rates, you shouldn’t own the stock. If you have the GLP-1 you shouldn’t own the stock. If you have people saying that junk food is not good for you, you can’t own the stock. It’s just become too darn hard. So even though it’s got a 3 and a half percent yield, I do think it goes. Unfortunately, I have to say, I think it goes lower.”

PepsiCo Inc (NASDAQ:PEP) is trying to compete with The Coca-Cola Company in the U.S. liquid refreshment beverage (LRB) market. Its share in the international carbonated soft drink (CSD) market remains notably smaller when compared with Coke. To maintain its leadership in the retail industry, PepsiCo has focused on acquiring numerous convenient food brands. Amid a decline in the consumption of sugary sodas and the rise of weight loss drugs, the company is focusing on new consumer trends. In 2023, PepsiCo also unveiled two ambitious nutrition goals, aiming to further cut sodium levels and provide 145 billion servings of a variety of ingredients annually by 2030.