8 Best Pet Stocks to Buy According to Billionaires

5. Spectrum Brands Holdings, Inc. (NYSE:SPB)

Number of Billionaire Investors: 11

Number of Hedge Fund Holders: 38

Spectrum Brands Holdings, Inc. (NYSE:SPB) is an American global consumer products company that offers a portfolio of leading brands across pet care, home and garden, and personal care. The company is a major supplier of pet products for dogs, cats, birds, fish, and small animals. The company’s products are sold by the world’s top retailers and are available in more than 100 countries. Spectrum Brands Holdings, Inc. (NYSE:SPB) ranks among the best pet stocks to invest in.

Over the past year, the company has prioritized investments in brand-focused initiatives to drive top-line growth. This included upgrading capabilities in commercial operations, innovation, marketing, and advertising. In Q1 of Fiscal 2025, which ended December 29, 2024, Spectrum Brands Holdings, Inc. (NYSE:SPB) increased brand-focused investments by over $8 million compared to the same period last year. The company is also focused on e-commerce expansion and continues to strategically invest in inventory to support sales growth and e-commerce leadership capabilities. In its Global Pet Care segment, Spectrum Brands Holdings, Inc. (NYSE:SPB) is expanding its Good ‘N’ Fun brand with Good ‘N’ Tasty for cat treats and toppers. The company is also planning a complete nutrition dog food line in North America under the Good Boy brand later this year.