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Why Cramer Likes Pepsi Ahead of Earnings

Cramer plans to have his eye on Pepsico when the soft drink giant reports its quarterly earnings results before the opening bell Wednesday.

The company has recently faced several number cuts and saw its earnings estimates lowered through 2013 by Goldman Sachs. There's also been talk on the Street that Pepsi should consider either breaking up or further shaking up its management.

But that doesn't mean the "Mad Money" host isn't buying Pepsico. In fact, he's bullish on the name.

"I say wait a second, I can buy one of the premier worldwide growth companies with a 3.5 percent yield and a possible dividend boost down the road," Cramer said. "Unless CEO Indra Nooyi says she is no longer drinking Pepsi and has switched to Coke Zero, I want in."

To see Cramer's "Game Plan" for the rest of the week, click here.


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