Will H.J. Heinz’s Agreement To Be Acquired Sit Well With These Top Institutional Shareholders?

H.J. Heinz Company (NYSE:HNZ) has entered into a definitive merger agreement to be acquired by an investment consortium comprised of Berkshire Hathaway (BRK.A) and 3G Capital. Under the terms of the agreement, which has been unanimously approved by Heinz’s Board of Directors, Heinz shareholders will receive $72.50 in cash for each share of common stock they own in a transaction valued at $28 billion, including the assumption of Heinz’s outstanding debt. The per share price represents a 20% premium to Heinz’s closing share price of $60.48 on February 13, a 19% premium to Heinz’s all-time high share price, a 23% premium to the 90-day average Heinz share price, and a 30% premium to the one-year average share price. Berkshire Hathaway and 3G Capital have pledged to keep their global headquarters in Pittsburgh.

Will HJ Heinz Co.’s shareholders increase their holdings? They reported owning a total of 163.662 million shares on 12/31/2012. The shares closed at $57.68 on 12/31/2012.

Here are the ten largest positions in HJ Heinz Co. at the end of December 31st, 2012.

Vanguard Group Inc. held 14,670,623 shares on 12/31/2012 worth $846,201,539. This brought the portfolio total to 0.11%.

State Street Corp. held 13,215,947 shares on 12/31/2012 worth $762,295,827. This brought the portfolio total to 0.11%.

Bank of New York Mellon Corp. held 12,267,339 shares on 12/31/2012 worth $707,580,117. This brought the portfolio total to 0.25%.

Blackrock Institutional Trust Company N.A. held 8,626,306 shares on 12/31/2012 worth $497,565,333. This brought the portfolio total to 0.12%.

Blackrock Fund Advisors held 6,238,279 shares on 12/31/2012 worth $359,823,935. This brought the portfolio total to 0.16%.

Wells Fargo & Co. /MN  held 5,914,731 shares on 12/31/2012 worth $341,161,686. This brought the portfolio total to 0.2%.

Northern Trust Corp. held 5,783,978 shares on 12/31/2012 worth $333,619,853. This brought the portfolio total to 0.14%.

Federated Investors Inc. /PA/ held 5,233,995 shares on 12/31/2012 worth $301,896,833. This brought the portfolio total to 1.33%.

Blackrock Advisors LLC. held 4,454,705 shares on 12/31/2012 worth $256,947,386. This brought the portfolio total to 0.27%.

Sarasin & Partners LLP. held 3,528,176 shares on 12/31/2012 worth $203,505,193. This brought the portfolio total to 3.6%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.