Activist investor Trian raises stake in P&G to $3 bn

Activist investor Trian raises stake in P&G to $3 bn”

Trian Fund Management, the activist fund co-founded by Nelson Peltz, Peter May and Ed Garden, revealed a new stake in consumer company Procter & Gamble Co.

Trian Fund Management LP had, in previous years, targeted companies like PepsiCo Inc and DuPont Co, but, with $3 billion in total investments, this is Trian's biggest bet, according to a person familiar with the matter.

Shares in P&G are up almost 3 percent in after-market trading Tuesday to $90.45.

Traders work on the floor of the New York Stock Exchange in New York, February 7, 2017. The stock appeared $42.54 above its 52-week highs and is down -0.90% for the last five trades. The Procter & Gamble Company has 1 year price target of $90.53.

Based on P&G's past experience with activist investor Bill Ackman, some experts are saying the investment increases pressure on CEO David Taylor to cut costs and reconsider breaking the company into smaller pieces. The company reported $1.08 EPS for the quarter, topping the Zacks' consensus estimate of $1.06 by $0.02. Procter & Gamble Company (The) comprises 0.9% of State of Wisconsin Investment Board's portfolio, making the stock its 11th largest position. This may give it a strong position to argue against further slimming of the company.

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Johnson Controls International plc (NYSE:JCI) [Trend Analysis] shows fluctuation in active trade, on Wednesday shares reduced -0.62% to $41.49. The Stock now has the market capitalization of $226.4 Billion, P/E (price to earnings ttm) of 25.42 and Weekly volatility of 0.86% and monthly volatility of 0.97% respectively.

The Procter & Gamble Company's growth estimate for the current quarter is 9.3, and 1.3 percent for the next quarter.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Tuesday, October 25th.

Several institutional investors have recently bought and sold shares of the stock. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Wells Fargo & Company reaffirmed a "market perform" rating on shares of Procter & Gamble Company (The) in a report on Thursday, December 1st. Douglass Winthrop Advisors LLC raised its stake in shares of Procter & Gamble Company (The) by 2.8% in the second quarter. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.29 on scale of 1-5. The Company now has Insider ownership of 0.07 Percent and Institutional Ownership of 72.3 Percent. The company now has a consensus rating of "Hold" and a consensus price target of $89.90.

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