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 Report . He still has more than $1 billion in burrito-maker Chipotle (CMG) - Get 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 Report and Mondelez (MDLZ) - Get Report.
This article was written by a staff member of TheStreet.
