It will be the first Coca-Cola product to be made available in Keurig's hot brewing system, and follows the purchase by Coca-Cola of a 10% stake in the company in February, which it said in May it would raise to 16%.
The two companies also planned to develop a cold beverage machine for use at home to make both carbonated and non-carbonated drinks, Reuters said.
Shares of Keurig Green Mountain are up 0.24% to $133.62
TheStreet Ratings team rates KEURIG GREEN MOUNTAIN INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate KEURIG GREEN MOUNTAIN INC (GMCR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."