Benzinga
Published Sep 23, 2022 17:44
Updated Sep 23, 2022 18:40
Watch Out! This Activist Investor May Put Pressure On These 3 High-Yielding Stocks
Trian Partners was founded in 2005 by activist investor Nelson Peltz, who has a history of buying up shares, securing board seats and orchestrating M&A deals.
With $8.5 billion in assets under management, Trian Partners owns 11% of The Wendy’s Company (NASDAQ: WEN), where Peltz is the non-executive chairman, as well as Sysco (NYSE: NYSE:SYY) and The Madison Square (NYSE:SQ) Garden Entertainment Corp (NYSE: MSGE).
Peltz was also a director at H.J. Heinz Company until 2013, when Warren Buffett's Berkshire Hathaway (NYSE:BRKa) (NYSE: BRK-A) and 3G Capital Management purchased it for roughly $28 billion. The company then turned into Kraft Heinz (NASDAQ: NASDAQ:KHC).
Read on to learn more about three dividend stocks — Trian's most held positions.
Also Read: Chamath Palihapitiya Liquidating 2 SPACs - Are Dreams Of Creating The Next Berkshire Hathaway Over?
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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