Jim Cramer: I’m Glad We Own Pepsico After a Terrific Quarter

Pepsico's (PEP) - Get Report first quarter earnings beat Wall Street expectations, justifying TheStreet's Jim Cramer's confidence in the stock. He said expense control at the company, as well as the end of its price war with Coca-Cola will continue to benefit the soda and snack-food seller.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.