date:Feb 21, 2014
yer, a portfolio manager at Gabelli Funds LLC, which owns about 1.6 million shares of PepsiCo.
Even if PepsiCo did not split up, Peltz's presence will keep management under pressure to improve the business, Dreyer said.
PepsiCo, which also sells Gatorade and Tropicana juices, reported a better-than-expected quarterly profit last week, helped by a 3 percent rise in snacks volumes. However, beverage volumes fell sharply in North America.
At the time, PepsiCo shot down Peltz's proposal, with Chi