Trian Partners Sells Some Mondelez ~ market folly

Tuesday, March 6, 2018

Trian Partners Sells Some Mondelez

Nelson Peltz's activist firm Trian Fund Management has filed a Form 4 with the SEC regarding its stake in Mondelez (MDLZ).  Per the filing, Trian sold over 6.52 million shares of MDLZ at $43.67 on February 27th. 

The filing notes that this sale was "made for portfolio management purposes, including in connection with the liquidation of a fund" that acquired shares prior to the end of 2012.  After this sale, the firm still owns 35.96 million shares.

Per Google Finance, Mondelez is "a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery. Itsportfolio includes various snack brands, including Nabisco, Oreo, LU and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk and Toblerone chocolate; Trident gum; Halls candy, and Tang powdered beverages. The Company sells its products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores and retail food outlets. As of December 31, 2016, it sold its products to consumers in approximately 165 countries. "

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