Nelson Peltz’s Trian Fund Acquires 9.7% Stake in Domino’s
Trian Fund Management LP, the hedge fund run by billionaire Nelson Peltz, disclosed today that it has acquired a 9.7 percent stake in Domino’s Pizza Inc. (DPZ)
Trian holds 6 million Domino’s shares with a current market value of about $140.1 million, according to a filing with the U.S. Securities and Exchange Commission.
This makes Trian the largest investor in the Ann Arbor, Michigan-based pizza chain. Cedar Rock Capital Ltd. held 5.7 million shares, or 9.3 percent of the company, as of March 31.
Domino’s rose 79 cents, or 3.4 percent, to $24.15 at 5:10 p.m. in late trading on the New York Stock Exchange, after closing at $23.36. The shares have gained 46 percent this year.
Peltz’s Trian Fund was also the largest Wendy’s/Arby’s Group Inc. shareholder as of Feb. 2, according to Bloomberg data. Peltz is the restaurant’s biggest individual investor.
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