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Pepsi Is a Buy as It Bubbles Ever Higher

If ever there has been a consumer-oriented stock that has continued to innovate and send its stock bubbling higher it's PepsiCo (PEP - Get Report) .

You know its sodas, snacks and other food products. What you may not know is its shares, at $104, are up 4% for the year to date and 8% for the past 52 weeks. The stock reached an all-time high of $105.77 on Monday.

TheStreet's Jim Cramer has Pepsi as one of the holdings of his Action Alerts PLUS charitable portfolio.

Cramer says the company is "stable, transparent and diversified" and has implemented significant cost-reduction initiatives while its improved cash flow "underlies its dividend payments and growth and makes it a safe bet in an uncertain environment." Cramer also likes that activist investor Nelson Peltz is involved in putting pressure on the company to reduce...


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