Trian's Peltz says Mondelez could double earnings per share

Reuters

Oct 29 (Reuters) - Activist investor Nelson Peltz saidMondelez International Inc was doing too little to cutcosts, the Wall Street Journal reported on Tuesday, citing apresentation given by Peltz in Chicago.

Peltz said Mondelez could nearly double earnings per shareby better managing costs, the Journal reported. A representativefor Peltz's Trian Fund Management did not immediately return arequest for comment and a copy of the presentation.

Peltz also said Mondelez should be able to boost itsoperating income margin to 18 percent from 12 percent and thathe had shared a white paper on Mondelez with several members ofthe company's board but had not released it publicly yet, theJournal reported.

Trian is Mondelez's fourth biggest shareholder with 2.3percent of shares, according to Thomson Reuters. Trian firstdisclosed in April it had taken a stake in Mondelez.

Mondelez International could not be reached for comment.

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