NEW YORK (TheStreet) -- Shares of Coca-Cola (KO) - Get Coca-Cola Company Report were increasing in early-afternoon trading on Monday as the Atlanta-based beverage manufacturer said today that it replenished all the water it used to make its drinks.
During 2015, Coca-Cola returned approximately 191.9 billion liters of water to local watersheds and communities, equaling 115% of the water used in Coca-Cola's finished beverages last year, the company said in a statement.
The company has been criticized for its water use over the past several years, including by the consumer group War on Want in a campaign titled "Coca-Cola: Drinking the world dry," according to CNNMoney.
Following the campaign, Coca-Cola announced it would replenish all the water it used in drinks by 2020 through community water projects in 71 countries.
However, skeptics such as the Centre for Research on Globalization said in a recent report that Coca-Cola will never be "water neutral." The report also detailed how Coca-Cola was ordered to shut down many of its plants in India on concerns over its water use, CNNMoney noted.
Separately, 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. TheStreet Ratings has this to say about the recommendation:
The team rates Coca-Cola as a Buy with a ratings score of B. This is driven by some important positives, which it believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, increase in net income, notable return on equity and reasonable valuation levels. The team feels its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: