Here Is What Jim Cramer Thinks About Shares of Coca Cola
Jim Cramer says investors should stick with Coca Cola's stock and take advantage of its dividend.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer comments Coca Cola's (KO) - Get Report latest quarterly results, released on Wednesday. "What Coca Cola is doing is shrinking from 170,000 employees to 40,000," Cramer said, adding that he likes Pepsico (PEP) - Get Report for growth and he likes Coca Cola due to the possibility of a "shrink to grow" situation where investors will be rewarded if they stick with the stock and take advantage of its dividend. The beverage giant's third quarter revenue of $10.6 billion eclipsed Wall Street's forecasts of $10.5 billion.
