Should You Consider Acquiring Oatly (OTLY) Shares?

ClearBridge Investments, an investment management firm, published its “Mid Cap Growth Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge Mid Cap Growth Strategy outperformed its Russell Midcap Growth benchmark. On an absolute basis, the Strategy had gains across eight of the 10 sectors in which it was invested during the quarter (out of 11 sectors total), with the IT sector the leading contributor, while the consumer discretionary sector was the primary detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments Mid Cap Growth Strategy, in its Q4 2021 investor letter, mentioned Oatly Group AB (NASDAQ:OTLY) and discussed its stance on the firm. Founded in 1994, Oatly Group AB (NASDAQ:OTLY) is a Malmö, Sweden-based Swedish food company with a $2.7 billion market capitalization, and is currently spearheaded by its CEO, Toni Petersson. Oatly Group AB (NASDAQ:OTLY) delivered a -18.18% and it closed at $4.68 per share on April 06, 2022.

Here is what ClearBridge Investments Mid Cap Growth Strategy has to say about Oatly Group AB (NASDAQ:OTLY) in its Q4 2021 investor letter:

“We also closed out three names as we constantly seek ways to improve the Strategy’s overall growth profile. Oatly is a leader in dairy alternative oat-milk products benefiting from long-term secular growth of the category. That growth, however, is contingent on its ability to scale up manufacturing and we sold the position due to increased risk that global supply chain constraints would limit such efforts.”

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Our calculations show that Oatly Group AB (NASDAQ:OTLY) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Oatly Group AB (NASDAQ:OTLY) was in 12 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 13 funds in the previous quarter. Oatly Group AB (NASDAQ:OTLY) delivered a -40.76% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.