Keurig Green Mountain Gains on Second Major Deal for 'Keurig Cold'

Shares of Keurig Green Mountain (GMCR) surged after the company signed a deal with Dr Pepper Snapple Group (DPS) on Wednesday, making it TheStreet's Move of the Day. The K-cup maker will sell capsules of Dr Pepper Snapple brands that will make sodas in its upcoming cold-drink machine. The agreement gives Keurig an advantage over SodaStream International (SODA), as it now has partnered with two of the top three soda companies. Keurig also has a deal with Coca-Cola (KO) for its new platform. The latest deal with Dr Pepper Snapple means the company will have at least 30 beverage varieties for its cold beverage machine. The new device called 'Keurig Cold' is expected out in September as part of the company’s long-term expansion plan.