In the May Action Alerts PLUS members' call, Jim Cramer addressed a question on PepsiCo (PEP)  recent stock action.

"It's been terrible because the staples are so bad," he said

Now some of that is because the yield for the staples is no longer competitive with the 10-year bond...but you're talking about the premier snack and beverage company on earth, and it sells for 17 times earnings."

So, why isn' Cramer and his AAP team buying more shares of the company that makes iconic brands like Gatorade, Mountain Dew and Doritos, even though they plan to spend more money on advertising to help boost sales? 

Watch the video above now to find out. 


Want more exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable-trust portfolio with a free trial to Action Alerts PLUS! You can also w
atch all of Jim Cramer's New York Stock Exchange live shows on YouTube.

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