5 Best Beauty Stocks To Invest In

3. Colgate-Palmolive Company (NYSE:CL)

Number of Q4 2023 Hedge Fund Shareholders: 54

Colgate-Palmolive Company (NYSE:CL) is a global household brand. It makes and sells beauty and personal care products such as shower gels and shampoos. Another classic consumer defensive beauty stock, it has managed to beat analyst EPS estimates in all four of its latest quarters.

Insider Monkey dug through 933 hedge fund portfolios for their third quarter of 2023 shareholdings to find 54 Colgate-Palmolive Company (NYSE:CL) investors. Jean-Marie Eveillard’s First Eagle Investment Management was the biggest shareholder as it held a $874 million stake.

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