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Will Coca-Cola (KO) Stock Be Boosted by Chobani Investment Talks?

NEW YORK (TheStreet) -- The Coca-Cola Co. (KO - Get Report) , along with rival PepsiCo (PEP), is reportedly wants to invest in Greek yogurt maker Chobani, which could be valued as high as $3 billion, Reuters reports.

This action comes as the carbonated beverage company is looking into other outlets beyond its own sector as more and more consumers become health conscious.

Other the other hand, Chobani is thinking of selling a minority stake in order to expand its footprint and supply chain, Reuters noted.

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Currently, Coca-Cola, through a joint venture with Select Milk Producers, began selling a milk product called FairLife.

Shares of Coca-Cola are declining 0.86% to $41.64.

Based in Atlanta, Coca-Cola manufactures and distributes various nonalcoholic beverages worldwide.

Separately, TheStreet Ratings team rates...


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