Coca-Cola Flexes Its Venture Capital Muscle With Purchase of Topo Chico
Global beverage titan Coca-Cola (NYSE: KO) recently announced the $220 million purchase of Monterrey, Mexico-based Topo Chico, the leading sparkling water label in Northern Mexico, which has also taken much of Texas by storm.
In this segment from The Motley Fool's Industry Focus: Consumer Goods podcast, the cast analyzes the deal and what it means for Coca-Cola's shift toward marketing, rather than manufacturing beverages. To learn what a $42 billion outfit like Coca-Cola sees in the small, premium drink label, check out the video.
A full transcript follows the video.
Source: Fool.com
Coca-Cola Co. Stock
€57.82
-0.160%
The stock is an absolute favorite of our community with 21 Buy predictions and no Sell predictions.
With a target price of 63 € there is a slightly positive potential of 8.96% for Coca-Cola Co. compared to the current price of 57.82 €.
