Invest in America: PepsiCo

When the market falls as it did on Thursday, with the Dow losing 133 points, investors should turn to the safer, more consistent stocks that pay a dividend, Cramer said. Often times these are food and beverage companies like PepsiCo , whose products are bought regardless of whether the unemployment rate is rising or falling.

Cramer during Mad Money praised Pepsi’s products, from Doritos to Gatorade, as well as the strong balance sheet and significant overseas exposure. Right now PEP is cheap, trading at a discount to its historical multiple, and the stock yields a healthy 3%. Cramer said that number could trend higher given the company’s bright prospects.

Cramer is also a big fan of Pepsi chief Indra Nooyi, which he called “a truly transformative CEO.” That’s why he made sure to include her in Mad Money’s Invest in America series, a look at the country’s top executives and their companies.

During the sit-down, Nooyi answered critics of her deal with Dr Pepper Snapple Group, commented on Pepsi’s relationship with Tiger Woods and explained why she won’t be spending any ad dollars on the industry’s biggest even of the year: the Super Bowl.

Watch the video for Cramer’s full interview with PepsiCo CEO Indra Nooyi here and here.






Cramer's charitable trust owns PepsiCo.

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