Nelson Peltz's Trian Fund Decreases Family Dollar Stake ~ market folly

Friday, April 26, 2013

Nelson Peltz's Trian Fund Decreases Family Dollar Stake

Nelson Peltz's investment firm Trian Fund Management today filed an amended 13D with the SEC regarding shares of Family Dollar (FDO).  Per the filing, Trian has disclosed a 7.35% ownership stake in FDO with 8,444,597 shares.

This means that Trian has reduced the number of FDO shares they own by around 6%.  In total, they sold 524,260 shares at a price of $63.5090.  The 13G filing was reported portfolio activity on April 25th.

Per Google Finance, Family Dollar "operates a chain of more than 7,000 general merchandise retail discount stores in 44 states, providing primarily consumers with a selection of merchandise in neighborhood stores. The Company merchandise assortment includes Consumables, Home Products, Apparel and Accessories, and Seasonal and Electronics. A Family Dollar store is between 7,500 and 9,500 square feet, with an average of approximately 7,100 square feet of selling space."

In other recent activity from this firm, we recently highlighted Trian's new stakes in Mondelez and PepsiCo.

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