Jim Cramer Says “It’s Been a Very Tough Time for Shareholders of PepsiCo”

PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks in Jim Cramer’s game plan for this week. Cramer showed concern about the company’s snack business in light of GLP-1 drugs and the younger generation’s healthier choices. He stated:

“Now we’ve got a couple of important earnings reports on Thursday, including PepsiCo and Delta in the morning. Now, recently, Elliott Management, a hard-charging and thoughtful activist fund, took a big stake in PepsiCo. They want changes. Will management go with Elliott, or is it going to fight Elliott? We’ll probably find out when PEP reports. It’s been a very tough time for shareholders of PepsiCo, but the stock now does yield 4% and it has a very solid snack franchise in Frito-Lay.

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PepsiCo, Inc. (NASDAQ:PEP) manufactures, markets, and sells beverages and convenient foods. Some of the company brands are Pepsi, Mountain Dew, Lay’s, Gatorade, Doritos, Quaker, and Cheetos.

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Disclosure: None. This article is originally published at Insider Monkey.