Was Jim Cramer Right About These 13 Stocks?

10. PepsiCo Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 70

When a caller asked about PepsiCo Inc. (NASDAQ:PEP), Cramer acknowledged concerns about the impact of weight-loss drugs, saying:

“Well, you know, look, this is about the GLP-1 drugs, it’s about Mounjaro, it’s about Zepbound, it’s about the GLP-1s. People feel that people won’t want to eat as many Fritos… I say Pepsi is fine, not great, not bad, but a 3% yield is probably not going to hurt you.”

Cramer was right to be worried then. PepsiCo Inc. (NASDAQ:PEP) has fallen by 14% since then.

He re-affirmed his position on the 13^th of March, saying:

“No, Doritos obviously PepsiCo got a real hit, went down below 150.

“Pepsi’s GLP-1 on the Fritos side.  And now at least, one of the things that’s great about Ramon Laguarta, he’s actually even willing to mention GLP-1. GLP-1 is such a curse word among the food and beverages.”