We recently published 14 Latest Stocks on Jim Cramer’s Radar. Keurig Dr Pepper Inc. (NASDAQ:KDP) is one of the stocks Jim Cramer recently discussed.
Cramer isn’t a fan of Keurig Dr Pepper Inc. (NASDAQ:KDP) lately after the firm announced that it would buy coffee company JDE Peet and then proceed to split into two entities. The CNBC TV host doesn’t believe that a beverage company splitting into two beverage companies is wise. Keurig Dr Pepper Inc. (NASDAQ:KDP)’s shares have lost a whopping 21% since the deal was announced, so it appears that Wall Street agrees with Jim Cramer. In this appearance, Cramer continued to opine that he doesn’t understand Keurig Dr Pepper Inc. (NASDAQ:KDP)’s latest business decision:
“Now I’ve been working on that for Mad Money and I still can’t make heads or tails of it. I’m not kidding. They’re splitting it into two beverage companies. Oh, okay. Who makes the machine?”
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As for his earlier thoughts regarding Keurig Dr Pepper Inc. (NASDAQ:KDP)’s announcement, here is what Cramer said:
“It never ends, never ends. Obviously structured very poorly, obviously I want to talk to the banker who did that, because that banker, I, ChatGPT could replace that banker in nanoseconds.
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