NEW YORK (TheStreet) -- Shares of Coca-Cola (KO) - Get Report  are sliding 0.35% to $45.53 this afternoon after an announcement that the company is looking to expand its beverages business into coffee and milk, Bloomberg reports.

Coca-Cola's Brazilian unit will begin selling packaged Arabica coffee beans to consumers through a local tea brand called Leao that the company already owns. The company's partner, Tristao Companhia de Comercio Exterior, a coffee exporter, will acquire and roast the beans.

The financial details of that deal have not been disclosed.

As part of the company's strategy to expand, it is also in talks to acquire dairy producer Laticinios Verde Campo in Brazil.

Milk and coffee "were the last two frontiers in the beverage sector," said Sandor Hagen, VP of new businesses at Coca-Cola's Brazilian unit, to Bloomberg.

Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of A-.

The company's strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that TheStreet Ratings evaluated.

You can view the full analysis from the report here: KO

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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