8 Best Pet Stocks to Buy According to Billionaires

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1. Zoetis Inc. (NYSE:ZTS)

Number of Billionaire Investors: 15

Number of Hedge Fund Holders: 76

Zoetis Inc. (NYSE:ZTS) is an American animal health company. It is one of the world’s largest producers of medicine and vaccinations for pets and livestock. The company’s medicines, vaccines, diagnostics, and technologies are sold in over 100 countries. Zoetis Inc. (NYSE:ZTS) ranks among the best pet stocks to buy according to billionaires.

The company is strategically focused on driving innovation and expanding its product portfolio. After its Q3 2024 quarterly earnings announcement, Zoetis Inc. (NYSE:ZTS) achieved approvals for key products in new markets. Revolution Plus, which treats ticks, fleas, ear mites, lice, and gastrointestinal worms and prevents heartworm disease in cats, was approved in Brazil. Revolution Plus also received approval in the US and Canada for an additional claim for preventing flea tapeworm infections. Librela, the first injectable monoclonal antibody for osteoarthritis pain in dogs, received approvals in El Salvador and South Korea. Additionally, Simparica and Simparica Trio were approved in the US for treating and controlling Asian longhorned tick infestations in dogs. Zoetis Inc. (NYSE:ZTS) is successfully addressing unmet needs in animal health while expanding globally. This positions the company as a leader in animal healthcare.

Overall, ZTS ranks first among the 8 best pet stocks to buy according to billionaires. While we acknowledge the potential of pet companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ZTS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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