There's been speculation in the market that Mondelez may be attracting suitors. Cramer thinks if anybody buys, it should be this company – and no it's not PepsiCo.
The Mad Money host drew that conclusion after Coke released results that disappointed the Street with Coke chairman and CEO Muhtar Kent blaming the global recovery and the weather for weakness: "Our second quarter volume results came in below our expectations, reflecting an ongoing challenging global macroeconomic environment and unusually poor weather conditions in the quarter," he said.
Cramer was stunned by the commentary. "Challenging global macro conditions? What? – Coke isn't a car. It's not even a washing machine!" That is, Cramer doesn't believe very many people stop buying Coke because they're worried about the global economy as Muhtar Kent suggested.
"And weather? Do we stop drinking Coke if it is cooler or rainier in some places? That didn't hold a lot of water with me, either" Cramer said.
Instead the Mad Money host thinks Coke's business model simply relies too much on the popularity of carbonated sodas – especially its namesake beverage.