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Bill Ackman Sells Zoetis, Holds Chipotle

Ackman launched a winning activist campaign at Chipotle last year.

Billionaire Bill Ackman has completely cashed out of his stake in animal health company Zoetis (ZTS) - Get Zoetis, Inc. (ZTS) Report . He still has more than $1 billion in burrito-maker Chipotle (CMG) - Get Chipotle Mexican Grill, Inc. Report , where he launched a successful activist campaign last year. Chipotle shares have climbed more than 12% this year, keeping Ackman happy. His Pershing Square PSH apparently has a hankering for food investments: it has big stakes in Restaurant Brands International (QSR) - Get Restaurant Brands International Inc Report and Mondelez (MDLZ) - Get Mondelez International, Inc. Class A (MDLZ) Report.

This article was written by a staff member of TheStreet.

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