Billionaire Nelson Peltz Thinks Hillary Wins, Talks Pepsi, GE

No Need to Raise Interest Rates

Peltz also questioned the rationale of increasing interest rates at this point, and thinks the country doesn’t need a strong dollar, as it makes exporting more difficult.

“I don’t know why the hell they’re thinking about having an interest rate hike. I don’t think we need a stronger dollar,” stated Peltz.

PepsiCo is Doing the Right Thing

The billionaire seems impressed with the performance of PepsiCo, Inc. (NYSE:PEP), a company whose stock he left earlier this year, selling his stake valued at close to $2 billion. Peltz lauded Pepsi CEO Indra Nooyi cutting costs by $1 billion a year for three years in a row.

“The company is doing the right thing, and I give all the credit to Indra,” Peltz said.

Mr. Peltz asked Pepsi to merge with beverage and food company Mondelez International, Inc. (NASDAQ:MDLZ) back in 2013, while separating its beverage and snacks businesses. Though Pepsi didn’t comply with the activist’s demands, the investment was nonetheless a successful one for Trian, as Peltz said that Pepsi’s stock increased to $100 from $60 during the time he was an “engaged” shareholder of the company. A total of 58 funds in our database held shares of PepsiCo, Inc. (NYSE:PEP) at the end of the second quarter.

Follow Pepsico Inc (NASDAQ:PEP)
Trade NASDAQ:PEP Now!

Disclosure: None