The maker of Keurig coffee machines snagged its biggest deal since buying Dr Pepper for almost $19 billion in 2018. On Thursday, Keurig Dr Pepper (KDP) announced plans to buy energy drink brand Ghost with an initial cash investment of $990 million in exchange for 60 percent ownership.

Keurig Dr Pepper's EPS for the third quarter was in line with expectations, but the beverage giant fell a bit short on revenue.

The company has also tried to dabble in the energy drink industry with its brands Venom Energy and Xyience Energy, but the company has yet to land itself among the top ten in the