Jim Cramer named PepsiCo (PEP) his next stock idea on Wednesday’s Mad Money, presenting it as a value play tied to falling oil prices and his view that inflation is peaking. He rejected Nvidia and Salesforce after their strong earnings-driven rallies, saying buying them now would mean chasing moves that had already happened. Cramer said PepsiCo’s roughly 4% dividend yield is near its highest level in more than a decade, or a 13-year high, and noted that the company has raised its payout for 54 straight years. He emphasized that PepsiCo was a screening result and starting point, not yet a formal position. The idea may depend on oil prices and interest rates after Federal Reserve Chair Kevin Warsh’s Friday speech.