Jim Cramer on Keurig Dr Pepper: “They’re Doing Some Good Things”

KDP +0.79%

Keurig Dr Pepper Inc. (NASDAQ:KDP) is one of the stocks Jim Cramer recently answered questions about. When a caller asked if they are safe in the stock, Cramer commented:

“Yeah, I think you are. They’re cleaning… They’re doing some good things. The stock is down huge, yields 3.3%. I think that’s a safe field yield. I would actually join you in that. We did a piece saying that maybe this is finally the bottom, and I think it very much is.”

Photo by Artem Podrez on Pexels

Keurig Dr Pepper Inc. (NASDAQ:KDP) produces and distributes beverages and single-serve brewing systems. The company’s products include soft drinks, specialty coffee, tea, and ready-to-drink beverages. During the September 11 episode, Cramer mentioned the company and said:

“If you want a company with a perfect track record of strategic decision making, whoa, this one is not for you. But if you want a company that’s finally headed in the right direction with a stock that’s gotten too cheap, then I think Keurig Dr Pepper makes a lot of sense. First, they’re right to break up the business. In retrospect, there were never any real benefits to combining a coffee machine company with a soda company. Wall Street likes bite-sized companies that are easy to understand…

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Disclosure: None. This article is originally published at Insider Monkey.