The anti-trans-fat trend could hurt

PepsiCo

(PEP) - Get Report

, Jim Cramer said on his

"RealMoney" radio show Monday.

Trans fat is a code word for food that is bad for you and could cause obesity and bad health conditions, he said. Rather than being a fast-food problem, it's a snack problem, and the company with the worst snacks healthwise is Pepsi.

(Editor's note: Snack foods made by PepsiCo's Frito-Lay division, including Doritos, Cheetos and Tostitos, do not contain trans fats.)

Not only did Pepsi's Gatorade product not perform well during its best season, but also raw costs are going up, and the company's competitor

Coca-Cola

(KO) - Get Report

is "rejuvenating itself," Cramer said.

Plus, this anti-trans-fat trend is not a fad, he continued. It is "secular" and "long-lasting."

Market players should be careful with Pepsi, Cramer warned.

"I don't like it when it comes to the business cycle, and I don't like it when it comes to the company's snacks," he said.

Last week, private-equity firms priced

HCA's

(HCA) - Get Report

bonds, Cramer said.

And now there are "bids galore" for

Tribune

(TRB)

and

Clear Channel

(CCU) - Get Report

, despite "precipitous declines" in both companies' cash-flows, he went on to say.

Cramer said that he doesn't know what will happen with these deals and that he would rather buy a homebuilder than a newspaper right now.

The private-equity guys are taking on too much risk, in his opinion.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

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