PepsiCo confirmed today is has held meetings with its shareholder Nelson Peltz

PepsiCo confirmed today is has held meetings with its shareholder Nelson Peltz

PepsiCo has confirmed it has held discussions with activist investor Nelson Peltz's Trian Fund Management firm, after the businessman disclosed he has a US$269m stake in the soft drinks and snacks group. 

In a statement today (19 April), PepsiCo said: “In recent weeks, we have held meetings with Trian to discuss and consider their ideas and initiatives as part of our ongoing evaluation of all opportunities to drive long-term growth and shareholder value." 

It added: "Trian is a respected investor, and we look forward to continuing constructive discussions with them.”

The statement was in repsonse to a SEC filing earlier today from Trian that revealed that as of December 31 last year it has a $269.1m stake in PepsiCo. The filing also showed that Trian has shares worth $494.2m in US food and beverage group Mondelez International. 

Rumours surfaced last month that Peltz is buidling stakes in the two firms with a view to merging them. PepsiCo declined to comment on the rumours at the time.