-
Oh No, Oreo! WSJ Reporting Mondelez Could Oust CEO Rosenfeld
Monday, April 10, 2017 - 9:21am | 311Read More...Shares of Mondelez International Inc (NASDAQ: MDLZ) gained more than 1 percent early Monday morning after the Wall Street Journal reported Sunday that the snack-maker is looking to oust its CEO Irene Rosenfeld. Mondelez's move to find a successor to Rosenfeld stems from increased pressure from...
-
JPMorgan And GE's Business Relationship Is More Than 100 Years Old
Friday, April 7, 2017 - 2:43pm | 398Read More...JPMorgan Chase & Co. (NYSE: JPM)'s relationship with General Electric Company (NYSE: GE) dates back to last century. According to a Bloomberg report, General Electric has been a client of JPMorgan for 125 years. Way back in 1892, JPMorgan, known as John Pierpont Morgan's Drexel Morgan & Co...
-
25 Interesting Facts About Forbes' 25 Highest-Earning Hedge Fund Managers
Tuesday, March 28, 2017 - 4:17pm | 1379Read More...Forbes was out with its compilation of the 25 highest-earnings hedge fund managers and traders. In the same vein, Benzinga is presenting readers with interesting facts about the 25 successful hedge fund managers/traders. 1. James Simons Of Renaissance Technologies Corp. The flagship fund of...
-
Activist Investors Are Back And More Active Than Ever
Wednesday, February 22, 2017 - 4:13pm | 280Read More...Notable activist investor Carl Icahn helped boost shares of Bristol-Myers Squibb Co (NYSE: BMY) on Wednesday after his name was attached to the stock. This comes just a few days after Nelson Peltz, a fellow activist investor, amassed a multi-billion-dollar stake in Procter & Gamble Co...
-
Here's What Nelson Peltz Could Do With Procter & Gamble
Wednesday, February 15, 2017 - 12:53pm | 522Read More...Following Nelson Peltz's Trian picking up a $3.5 billion stake in Procter & Gamble Co (NYSE: PG), Deutsche Bank looked at what the activist investor could do with the consumer products company. A White Paper In The Offing Based on what Trian did with PepsiCo, Inc. (NYSE: PEP), analysts Bill...
-
General Electric Confirms Company Just Wants To Partner With Baker Hughes
Friday, October 28, 2016 - 10:27am | 348Read More...Shares of Baker Hughes Incorporated (NYSE: BHI) spiked higher by more than 8 percent early Friday after the Wall Street Journal reported that the company is either targeted for an acquisition or primed to secure a notable partnership. Acquisition Talks The Wall Street Journal, citing "people...
-
Nelson Peltz And GE's Investors Are Still Waiting For A Big Payoff
Wednesday, October 19, 2016 - 11:57am | 375Read More...General Electric Company (NYSE: GE)'s stock is trading a mere 0.31 percent higher Wednesday than it was a year ago, and investors are wondering when, if ever, there will be a big payoff. As noted by Bloomberg, activist investors Nelson Peltz praised GE back in October of last year when his...
-
Is Mondelez/Pepsi A Match Made In Peltz's Heaven?
Thursday, July 7, 2016 - 4:52pm | 348Read More...Hershey Co (NYSE: HSY)'s board of directors unanimously rejected Mondelez International Inc (NASDAQ: MDLZ)'s $23 billion takeover bid, but investors may still be in for some surprise M&A twists and turns in the snack food industry. Some veteran traders now speculate Mondelez’s...
-
Peltz's Pepsi Exit Wasn't Surprising; Jefferies Reiterates Buy
Monday, May 16, 2016 - 10:27am | 294Read More...PepsiCo, Inc. (NYSE: PEP) revealed on Friday that activist investor Nelson Peltz's Trian Funds had exited the stock. Jefferies’ Kevin Grundy reiterated a Buy rating for the company, with a price target of $119. The analyst commented that the recent development was “unsurprising...
-
BMO Responds To Sysco's Q3 Results, Says 'Plan Is Working'
Wednesday, May 4, 2016 - 12:51pm | 339Read More...BMO raised the EPS estimates and price target on the shares of SYSCO Corporation (NYSE: SYY) after the food distributor reported better-than-expected third-quarter earnings on favorable weather and the Easter holiday. Sysco reported adjusted EPS of $0.46, versus BMO's forecast of $0.41 and...
-
Cramer Talks Sysco, Highlights Nelson Peltz's Involvement In The Company
Monday, May 2, 2016 - 12:28pm | 249Read More...Shares of SYSCO Corporation (NYSE: SYY) gained more than 4 percent on Monday and hit a new 52-week high of $48.19 after the company reported a top and bottom third quarter beat. CNBC's Jim Cramer commented on the run-up in Sysco's stock, which has gained 17 percent since the start of...
-
Report: Nelson Peltz Said To Be Eyeing Stake In Time Warner
Monday, February 1, 2016 - 10:20am | 207Read More...Nelson Peltz's name has been added to a long list of rumored investors who are eyeing a large stake of Time Warner Inc (NYSE: TWX). According to a report by the New York Post, Nelson Peltz's Trian Fund Management could "soon be a more vocal player" in Time Warner's...
-
11 Activist Investors Who Have Shaped The Market
Tuesday, November 3, 2015 - 3:20pm | 1979Read More...There has been a heated debate on Wall Street as to whether activist investors are beneficial to both shareholders and companies. Over the past few years, activist investing has taken off, with several big name players pushing for change at some of the world's largest companies. While some argue...
-
DuPont Price Target Cut At Morgan Stanley; Stock Up 10%
Tuesday, October 6, 2015 - 11:46am | 342Read More...Shares of E I Du Pont De Nemours And Co (NYSE: DD) spiked higher by 10 percent on Tuesday. DuPont announced on Monday its CEO Ellen Kullman will retire, cut its fiscal 2015 operating earnings per share guidance to around $2.75 from a previous $3.10. Vincent Andrews of Morgan Stanley...
-
Trian Partners Invests $2.5 Billion In General Electric, Values Stock As High As $45 By 2017
Monday, October 5, 2015 - 9:03am | 362Read More...Shares of General Electric Company (NYSE: GE) spiked higher by more than 4 percent Monday morning. Nelson Peltz's Trian Partners disclosed a $2.5 billion stake in General Electric. The investment firm noted that GE is "executing a bold transformation" that will generate "attractive" returns for...














