5 Best Pet Stocks To Buy Now

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In this article, we discuss the 5 best pet stocks to buy now. If you want to read our detailed analysis of the pet industry, go directly to 10 Best Pet Stocks To Buy Now

5. Elanco Animal Health, Inc. (NYSE:ELAN)

No of HFs: 43

Total Value of HF Holdings: $1.49 Billion

Headquartered in Indiana, United States, Elanco Animal Health, Inc. operates an innovative and product and solution company that aims to enhance animal health. The company was founded in 1954 and held its IPO in 2018 priced at $24 per share. Shares of ELAN soared 32% over the last twelve months. At the end of the fourth quarter, ELAN reported a 44% year-over-year increase in revenue to $1.1 billion.

With an $853 million stake in Elanco Animal Health, Inc., Scott Fergusons’ Sachem Head Capital owns 27 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 43 hedge funds held stakes in ELAN at the end of the fourth quarter, versus 21 funds at the end of the third quarter.

Mila Supinskaya Glashchenko/Shutterstock.com

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