[video] Jim Cramer: The Pepsi Challenge

NEW YORK (Real Money) -- Is a stable PepsiCo (PEP) pulling away from a chaotic Coca-Cola (KO).

One has to wonder after the two pieces of news that came out yesterday about the companies. In the morning we learned that one of the fastest growing restaurant chains. Buffalo Wild Wings (BWLD), is ripping out Coke and putting in Pepsi along with working directly with PepsiCo subsidiary, Frito-Lay, to develop custom-designed product.

The other one: Coca-Cola announced a management shuffle that included the departure of Steve Cahillane, head of the Americas division for the company, who is leaving just eleven months after he took the job. Coke is an insular place these days, so we can't be sure, but there had been a lot of talk that Cahillane might take over the reins when Muhtar Kent retires.

Cahillane was helping to pave the way for the refranchising of bottlers, one of those financial engineering things that Coca-Cola is doing that doesn't attack at all the core issue -- namely, people are drinking less and less soda, both regular and diet. Both are dying categories, the first because of obesity and diabetes and the second because, well, who knows what, but if you go to the doctor, s/he will tell you not to drink diet sodas. Doctors want you to drink water, and Coca-Cola has a water business. But it is hardly as lucrative as soda.

Now, PepsiCo faces the same challenges and its deal with Buffalo Wild Wings shows how it can leverage that snack-soda duality that Nelson Peltz has questioned.

If you liked this article you might like

Natural Alternatives to Sports Drinks - Buying Guide

Uber's New Brand Chief Says the iPhone X Costs Too Much Money

Uber's New Brand Chief: Why I Took the Job and What I'm Going to Do Now

Coca-Cola Is Inching Closer to Monster Beverage Takeover

Hurricane Irma Sends People Panicking to Buy Bottled Water