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Cramer comments it's a rare CEO who can fundamentally change a company, especially one with instant name recognition. This has happened not in one, but in two cases with KO's Neville Isdell and PEP's Indra Nooyi who have "changed the whole cultures," and Cramer would bless buying either company. Isdell demanded new brands, innovative marketing and improved international sales for KO and brought the stock from $38 to $51. Cramer predicts the stock will go to $60, since it reported 11% growth in Europe, 7% in Latin America, a turnaround in Japan and strong numbers in China. He believes the $3 billion Glaceau deal will go through and will diversify the company. Cramer praises PEP's Indra Nooyi for redeeming FritoLay which had been "stigmatized" for its fatty snacks and introducing healther products which increased growth to 7% from 5%. He comments PEP is moving away from carbonation, is expanding globally, and is "embracing youth" by using ads produced by kids as well as for kids. He sees PEP climbing from $67.34 to $75.
Related: David Neubert thinks Neville Isdell is overpaid.
Taking (over) the Cake: Cheesecake Factory (NASDAQ:CAKE)
Continuing his series of potential private equity takeover targets, Cramer discussed CAKE, which is up huge after a big quarter, but is poised for a "big, breakout run." While profitable yet flawed companies are usually takeover targets, CAKE's cardinal sin is overcautiousness; Cramer comments CAKE has enough demand to raise prices, which are too low, and could undertake more aggressive expansion and marketing if taken private. He cautions a takeover could be tricky because the owners may be reluctant to sell, and would buy the stock for its good fundamentals and because it is "too cheap."
Related: Hilary Cramer says CAKE is a "winner of a restaurant."
Cramer agreed with a viewer that KSU belongs in his "pantheon of rails." When asked if DENN like Darden Restaurants, could be a takeover target, Cramer reminded the viewer that DENN had already been private and went bankrupt and predicted its number will not be good. He would not buy DENN on a takeover basis. When asked about his change of direction concerning WMT, Cramer said it was because Alan Questrom, who "turned around J.C. Penney" and "may be the single greatest retailer in America" joined WMT's board.
On his April 24 Stop Trading! program, Cramer announced he was bullish on Wal-Mart.
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