"Take a look at Coke's record of investment," Cramer said on "Squawk on the Street." "When they do go in, the stock doesn't go lower. It goes higher."
Coca-Cola announced on Wednesday evening that it wants to collaborate on Green Mountain's upcoming Keurig Cold system, a measure viewed as a move against SodaStream International, the company based in Israel that manufactures home carbonation kits and that recently grabbed headlines over a controversial Super Bowl commercial. The 10-year deal is valued at $1.25 billion.
(Read more: Green Mountain shares explode on $1.25B Coke deal)
"Green Mountain until today was one of the greatest shorts ever," Cramer said.