Why Keurig Green Mountain (GMCR) Stock Is Up Today

NEW YORK (TheStreet) -- Keurig Green Mountain Inc.  (GMCR)  expanded its deal with Coca-Cola Co.  (KO)  to sell its Honest Tea pods in its Keurig hot brewing machines in North America, Reuters reports.

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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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."

If you liked this article you might like

Canada Wildfires, Saudi Shakeup Lift Oil and Markets

Canada Wildfires, Saudi Shakeup Lift Oil and Markets

Starbucks Hopes Changes to K-Cups Will Brew Up Even Bigger Sales

Another Slide in Crude Oil Beats Up Stocks

Stocks Trade Lower as Crude Settles Below $40

Stocks Maintain Lows as Crude Inventories Surge