NEW YORK (TheStreet) -- The Coca-Cola Co. (KO) announced the release of its newest reduced calorie drink, Coca-Cola Life on Tuesday.
Coca-Cola shares have experienced some volatility today, starting the day up before dipping below its opening price and rising again 0.31% to $41.94 currently.
Must Read: Warren Buffett's 25 Favorite Stocks
The drink differs from its Diet Coke and Coke Zero low calorie options in that it doesn't use the artificial sweetener aspartame and instead uses a blend of cane sugar and stevia leaf extract for sweetness.
The company says that Coca-Cola Life has 35% fewer calories than leading cola competitors while using natural sweeteners.
The new drink adds to the beverage company's worldwide portfolio of over 45 different stevia leaf sweetened drinks.
TheStreet Ratings team rates COCA-COLA CO as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate COCA-COLA CO (KO) a BUY. This is driven by several positive factors, 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 expanding profit margins, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."