5 Best Pharmaceutical Stocks to Invest In

4. Zoetis Inc. (NYSE: ZTS)

Number of Hedge Fund Holders: 58

Zoetis Inc. (NYSE:ZTS) is an American pharmaceutical company manufacturing vaccines and medicines for pets and livestock. It is ranked fourth on our list of 15 best pharmaceutical stocks to invest in. The stock has returned over 31.24% to investors over the course of the past year.

On August 5, Zoetis Inc. (NYSE:ZTS) posted earnings for the second quarter of 2021, reporting earnings per share of $1.19, beating estimates by $0.10. The revenue over the period was around $1.95 billion, up 25.84% year-over-year.

At the end of the second quarter of 2021, 58 hedge funds in the database of Insider Monkey held stakes worth $2.7 billion in Zoetis Inc. (NYSE:ZTS). 

Out of the hedge funds being tracked by Insider Monkey, Ako Capital is the top stakeholder in Zoetis Inc. (NYSE:ZTS), having 2.4 million shares worth $453.3 million during the second quarter of 2021. Ako Capital has increased its stake in Zoetis Inc. (NYSE:ZTS) by 53% to $453 million.

On August 9, Credit Suisse reiterated its Outperform rating on Zoetis Inc. (NYSE:ZTS) and raised its price target to $230 from $206, noting that the company’s investments should expand its market and support innovation in the future.