Investor Goes After More Power for Kraft Foods

Northfield-based Kraft Foods has enjoyed a nine percent increase in shares this year, and now sits at a market value of about $60.6 billion, according to Bloomberg.

But there's more news for the food company, and it's in the million-dollar range: Nelson Peltz's Trian Fund Management LP bought a $420 million stake in the company, illustrating a renewed interest in Kraft, as "Peltz’s Trian Returns to Kraft Foods With Stake" reports. 

The move could affect Kraft, as Bloomberg refers to Peltz as "an activist investor who takes stakes in companies, particularly those in the food and restaurant businesses, and then frequently pushes for changes designed to boost their share prices. His previous activist investments include Kraft, ketchup maker H.J. Heinz Co. and luxury retailer Tiffany & Co."

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