Jim Cramer Shed Light on These 9 Stocks

3. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 58

Discussing PepsiCo, Inc. (NASDAQ:PEP), Cramer said:

“Yeah, Pepsi’s got, I mean, I read, I talked about that Cornell Business School study last week. It’s right in the wheelhouse. I mean it’s talking about salty potato chips. I don’t know what to say. Yield’s 3.73%, maybe when it gets to 4%, but right now it’s in the crosshairs of the GLP-1 situation.”

PepsiCo (NASDAQ:PEP) is a major player in the production, marketing, and distribution of various beverages and snack foods, with well-known brands such as Lay’s, Gatorade, Pepsi, Doritos, Tropicana, and Aquafina. In November 2024, Cramer talked about the company as he said:

“You know, I think Ramon Laguarta is doing such a good job but the odds are… If you have the Fed cutting rates, you shouldn’t own the stock. If you have the GLP-1s, 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 and it’s just become just too darn hard. So even though it’s got a 3.5% yield, I do think it goes, unfortunately, I have to say it, I think it goes lower.”