PepsiCo, Inc. (NASDAQ:PEP) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds.
Cramer highlighted the stock’s decline as a buying opportunity, as he said: Or how about PepsiCo?
Okay, last quarter, PepsiCo reported a fantastic set of numbers that sent the stock soaring. Now, in part because of this rotation, the stock’s been knocked down all the way back to right around where it was before it took off. Today, PepsiCo dropped nearly a buck, sinking to a level where it sports a dividend yield north of 4%.
I think the rotation has given you a terrific place to start a position ahead of Thursday’s report. I am sure that CEO Ramón Laguarta simply cannot be satisfied with the stock that’s flat for the year. That’s not his style. ja-san-miguel-xYSp0kkIUio-unsplash PepsiCo, Inc. (NASDAQ:PEP) produces, markets, and distributes beverages and convenient foods, including snacks, cereals, dairy, and ready-to-drink products.