Coca-Cola vs. Pepsi: Who Is Making the Better Deals?
Beverage giants Coca-Cola and PepsiCo used August to spend some cash on companies. Who is winning in the battle of the deals, and why?
The big beverage companies are using their fat wallets to do battle with one another.
August saw a host of deals among rivals PepsiCo (PEP) - Get Report and Coca-Cola (KO) - Get Report . PepsiCo plunked down $3.2 billion to buy soda machine maker SodaStream. Meanwhile, Coca-Cola spent an undisclosed sum to buy a stake in surging Gatorade rival BodyArmor. On Friday, Coke said it will spend $5.1 billion to buy international coffee brand Costa.
Which beverage giant is doing the better deals? TheStreet explores.
Coca-Cola is Real Money's 'Stock of the Day' on Friday following its Costa deal.
