The international business is "on fire," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment. In addition, organic revenue growth climbed 3% in North America, which Cramer said is impressive for the soda company.
When Coke finishes its reorganization it will shed a number of overhead costs including employee count, to 40,000 from 170,000. Cramer said not all of those lost jobs are being eliminated but are being shifted to the bottling companies, Cramer said.
The reduced headcount will boost cash flows and that extra cash will land in investors' pockets, Cramer said, which is another reason the stock is up on the day.
CEO Muhtar Kent is reinventing the company, but from a structural standpoint rather than a business standpoint, Cramer said.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.