date:Jul 18, 2014
ng around to his way of thinking, he said.
Shareholders are starting to agree with what we say this company should do, Peltz said.
PepsiCo, based in Purchase, New York, declined to comment.
The companys shares rose 0.2 per cent to $90.50 yesterday in New York. The stock has climbed 9.1 per cent this year, a run-up Peltz attributed more to his activism than financial results.
Seeing Wisdom
The stock is not moving because of earnings, Peltz said. The stock is moving because people - sharehold