Jim Cramer Says Coca-Cola (KO) CEO Should Focus on Acquisitions

NEW YORK (TheStreet) -- Coca-Cola  (KO) CEO Muhtar Kent is under pressure from activist investor Wintergreen Advisers, which owns less than 1% of the company and said Monday that Kent should be replaced.

TheStreet's Jim Cramer says he does not expect this to force Kent out of his position because Coca-Cola is a stable company and the CEO has the strong support of the board. But Cramer adds that Kent has not done as well as Indra Nooyi at Pepsico  (PEP) .

Cramer notes Coca-Cola's stakes in Keurig Green Mountain  (GMCR) and Monster Beverage  (MNST) . He says this would be the moment in which Coca-Cola should buy both companies. He points out how cheap Monster is on 2016 earnings and says Coca-Cola should acquire it before we get to those earnings.

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Cramer adds Monster would receive a boost from convenience store sales because the price of gasoline is dropping under $2 in the U.S.

KO Chart KO data by YCharts

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