date:Apr 22, 2013
shares of Mondelez, representing a 1.09 percent stake, and about 3.9 million shares, or 0.25 percent, of PepsiCo.
We don't know anything specific about what Mr. Peltz is up to ... but he has a history of helping value to rise to the surface, which we're a big fan of, said Kevin Dreyer, a portfolio manager at Gabelli Funds. Gabelli, based in Rye, New York, owns shares of both companies among its $36 billion in assets under management.
Peltz's influence was key in the spinoff of Dr Pepper Snappl