Most investors in survey back Pepsi split; Buffett opposes - my dish olive garden darden restaurants

LOS ANGELES (Reuters)-
Investors Warren Buffett and some Wall Street fund managers disagree on the activist Nelson Peltz's proposal to split the Pepsi PEP.
N strong snack department for beverage business.
The packaged food and beverage industry has been plagued by sluggish demand, leading the growth
Looking for positive investors to demand divestiture and substantial cost cuts to "unlock" value.
According to a Wall Street survey released by Bernstein Research on Monday, most institutional investors, including Pepsi shareholders, supported the split.
Perrier, who has played an important role in creating food companies such as Cadbury and Kraft, has been watching Pepsi on and off since July.
Other radical investors are seeking to dissolve the Denton restaurant company (DRI. N)
The parent company of the Olive Garden and the Red Lobster chain restaurant.
"If I were the only holder, or if my family was the only holder, I don't think I would separate it," Buffett told CNBC on Monday, the cable business channel. Pepsi’s Frito-
Lay's North American business includes snack brands such as Lay's, Doritos and Cheetos.
Its net income is $2013.
1 billion, or about 21% of the company's net income last year.
PepsiCo's net income for American beverages was $21, or 2013.
1 billion, accounting for about 32% of the total.
"I think Frito
Lay is a very good company.
"It's better than the soft drinks industry, but I think the soft drinks industry is also a good industry, and I don't see any reason to separate them," Buffett said . " Chairman and CEO of Berkshire HathawayBRKa. N).
Pepsi is the same as rival Coca-Cola. Cola Co (KO. N)
In developed countries, especially the United States, sales have been declining due to poor health
Conscious consumers turn to non-
Carbonated drinks such as water, juice and health drinks.
Pepsi executives have repeatedly defended the company's current structure, and CEO Indra Nooyi said the split would compromise its ability to negotiate with retail customers.
Other institutional investors disagree with Pepsi and Buffett.
According to the Bernstein survey, 55% of people think Pepsi should break up.
They point out that more focus is on potential benefits, and the loss of synergies between snack and beverage companies is a risk.
At the same time, the survey shows that the same proportion of investors do not think the change will happen in the next one to two years.
In a customer note, Bernstein analyst Ali Dibadj wrote that the person under investigation "has done detailed work on this debate and has a generally pessimistic view of company management.
The Bernstein survey was based on a response from 100 investors, 63 of whom are current shareholders of PepsiCo.
Pepper's investment firm, Trian Fund Management, has about $1 in assets.
Pepsi inventory 2 billion
Shares fell 0.
$ 7% to $79.
50, not far from 52-
Due to the lower market, the weekly low.