TD Cowen: Coca-Cola's (KO.US) KFC business will bring a 10 to 20 basis point revenue boost, continuing to erode Pepsi's (PEP.US) market share.

Zhito Finance APP has learned that Coca-Cola (KO.US) will supply beverages at KFC locations in the United States for the first time. Under a new partnership, the collaboration will cover all KFC locations in the United States by next spring. TD Cowen believes that the news that Coca-Cola has taken the KFC business under Yum! Brands (YUM.US) away from Pepsi (PEP.US) is a positive for the Atlanta-based beverage giant, although its significance is more symbolic than quantitative.