Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Nelson Peltz and Trian Partners’ Top Stock Picks

Nelson Peltz, the manager of activist hedge fund Trian Fund Management announced November 14 that it purchased 2.36 million shares of PepsiCo (PEP), in a position worth roughly $146 million. PEP recently traded at $64.50 a share, down from a 52-week high of $71.89. Analysts estimate the stock will reach $71.08 in the next year.

TRIAN PARTNERS

…Nelson Peltz is also pushing for changes in State Street Corp (STT). He has admonished the board there “over poor performance and urged it to adopt a multi-step plan for raising the custody bank’s profit” (read about it here). Peltz outlined recommendations in a statement he made in mid-October, including, “a call for a clearer commitment to cost-cutting, prioritizing the return of capital to shareholders over acquisitions, and considering selling off the bank’s asset management unit.” Nelson Peltz’s Trian Fund Management owns roughly 3.3% of the company.

The largest positions in Nelson Peltz’s portfolio are Kraft (KFT), Legg Mason (LM), Wendys (WEN), Family Dollar Stores (FDO), Tiffany & Co (TIF), State Street (STT), and Dominos Pizza (DPZ).

Read the entire article here.

Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!