Bill Ackman believes that Proctor and Gamble (NYSE:PG) could trade for $ in two years versus the current share price of $ poor marketing support and ineffective pricing strategies has resulted in P&G in P&G (approximately ~1% of shares outstanding) with Bill Ackman agitating . investment in P&G, please refer to our full presentation which can be viewed at. Hedge fund titan Bill Ackman sets his sights on P&G’s CEO. time, this accounts for 25% of his time,” Ackman said during his presentation.
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The Influence Of Activism: Ackman Aims To Fix Starbucks’ Management
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Q3 hedge fund letters, conference, scoops etc. Of course, the mockery is as unsurprising as the target. Starbucks had been thought of as an activist target since May — Bernstein analyst Sara Senatore hosted a call on the subject that we wrote about in our Half-Year Review.
Shortly thereafter, the stock was hammered by a guidance reduction. Given how many companies have been targeted after an event-driven turn in the share price by activists desperate for value look to Symantec or Papa Johns for examplesit was only a matter of time before Starbucks got roasted.
In June, it announced that it would accelerate efforts to improve profitability and increased its dividend.
Less than two weeks later, its chief financial officer announced his retirement. Nobody expected Starbucks to just sit around.
It remains to be seen whether they will welcome Ackman more enthusiastically than in Yet backseat activists — riding changes led by others — can also bite. This month alone General Electric and Perrigo, which have activists on their boards, changed their CEOs after 14 and nine months respectively.
Ackman may ride Starbucks for a short while and then jump to another new idea, as he did with Nike recently. But he could become an agitator further down the road, pushing for management changes or a spinoff of the Chinese business once it has reached a healthy scale. Less handily, the activist starts work at paint and specialty coatings company PPG at a disadvantage, revealing its stake just after the stock sold off on earnings.
Ackman: P&G CEO may need to go – The Buzz – Investment and Stock Market News
Taken with a newly listed and as-yet untapped London vehicle, Trian is looking like one of the busiest activists around this autumn. Never Miss A Story! Subscribe to ValueWalk Newsletter. We respect your privacy no spam ever.
Send me ocassional third party offers Yes No.