Cramer: A Buyer Of PepsiCo Under $100
While some investors might shy away from PepsiCo because it's in the shrinking carbonated drink business, Jim Cramer says he's a fan of the company.
While some investors might shy away from PepsiCo (PEP) - Get Report because it's in the shrinking carbonated drink business, TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says he's a fan of the company. Action Alerts is invested in the PepsiCo because its organic growth is the strongest of all the consumer packaged goods. According to Cramer, they have 'good' and 'good-for-you' food and beverage categories, they're still expanding overseas, and they're much less levered to soda. Cramer said if it trades below $100, it's a stock to buy.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
