Jim Cramer Reacts to PepsiCo's Earnings

PepsiCo reported mixed quarterly results on Thursday. The stock is up 4% since the start of the year.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer was pleased with PepsiCo's (PEP) - Get Report admission that mistakes were made in the most recent quarter.

The stock is a holding of Action Alerts PLUS. Cramer said his club members were warned in recent days about a possible slowdown in the company's performance.

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