Anthony Scaramucci's Hedge Fund Trade Of The Week: H.J. Heinz Company (HNZ)

CNBC Fast Money's Anthony Scaramucci said on the show that this week's hedge fund trade is H.J. Heinz Company (NYSE: HNZ). He explained that this stock is trading at 15.2 times 2011 earnings estimates, which is slightly below its five year average.

H.J. Heinz Company (HNZ) reported better than expected 1Q earnings, and this company has a stable product line. Anthony Scaramucci also likes the fact that Heinz(HNZ) pays 3.9% dividend yield.

H.J. Heinz Company (HNZ) jumped 0.93% today, and closed at $46.70.