PepsiCo (PEP) - Get Report reported net income of $1.85 billion, or $1.33 a share, compared with $1.77 billion, or $1.26 a share, a year ago. Excluding nonrecurring items, earnings were $1.47 a share, ahead of analysts' estimates of $1.46.
And revenue increased 8.8% to $22.5 billion, beating the FactSet consensus of $21.8 billion.
"We ended the year on a strong note with our global beverage business having accelerated while our global snacks and food business remained resilient in the fourth quarter," CEO Ramon Laguarta said in a statement.
Cramer said PepsiCo had an excellent quarter, but is boring compared to the Tilray's (TLRY) - Get Report of the world. However, Cramer said stocks like PepsiCo are critical to a balanced portfolio in a market rampant with speculation.
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