Tuesday, October 28, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Dan Loeb’s Third Point builds stake in Colgate, sees value in pet food business in potential spinoff

by Euro Times
October 22, 2022
in Markets
Reading Time: 1 min read
A A
0
Home Markets
Share on FacebookShare on Twitter


Daniel Loeb

Simon Dawson | Bloomberg | Getty Images

Dan Loeb’s Third Point has built a sizeable stake in consumer giant Colgate-Palmolive, according to CNBC’s David Faber.

Loeb sees hidden value in Colgate’s subsidiary, Hill’s Pet Nutrition, a pet food company, if it were spun off.

The investor believes as a stand-alone business, Hill’s could deliver even faster growth and better margins, and could achieve a valuation close to $20 billion on its 2023 numbers, Loeb will say in a forthcoming investor letter, according to sources.

Colgate has been investing in its pet food business, its fastest-growing unit. Hill’s has always pitched itself as backed by “science,” which from a brand perspective is seen as on trend.

The activist and hedge fund manager added that consolidation in the consumer health sector points to more opportunities for Colgate. Loeb said Colgate could become part of the current M&A “minuet” in consumer health. 

Shares of Colgate jumped 1% on Tuesday. The stock is still down about 15% this year.



Source link

Tags: BuildsBusinessColgateDanFoodLoebspetPointPotentialseesspinoffStake
Previous Post

Russia-India arms venture sets export goal — RT World News

Next Post

Activist investor Starboard reveals stake in Salesforce, sees significant opportunity

Related Posts

Crypto Miners Are Pivoting to the New AI Goldmine

Crypto Miners Are Pivoting to the New AI Goldmine

by Ian King
October 28, 2025
0

Figuring out when to pivot is what separates profitable firms from those that historical past forgets. RCA constructed the primary...

HSBC to recognize .1 billion in provision after court ruling in Madoff case

HSBC to recognize $1.1 billion in provision after court ruling in Madoff case

by Lim Hui Jie
October 27, 2025
0

A view of the brand of HSBC financial institution on a wall outdoors a department in Mexico Metropolis, Mexico, on...

Top Wall Street analysts champion these 3 stocks for solid returns

Top Wall Street analysts champion these 3 stocks for solid returns

by TipRanks.com Staff
October 27, 2025
0

The inventory market has been unstable these days as buyers examine the newest twists and turns within the the U.S.-China...

Popular investing strategy losing appeal with stocks at record finding

Popular investing strategy losing appeal with stocks at record finding

by Jill Schneider
October 26, 2025
0

Passive investing via exchange-traded funds could also be shedding its enchantment.Tidal Monetary Group Chief Income Officer Gavin Filmore finds lots...

Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

by Kenneth Squire
October 26, 2025
0

Firm: Fluor Corp (FLR)Enterprise: Fluor is a holding firm that gives engineering, procurement, building, fabrication and modularization, and mission administration...

Byline Bancorp anticipates crossing B asset threshold in Q1 2026 while maintaining strong capital and loan growth (NYSE:BY)

Byline Bancorp anticipates crossing $10B asset threshold in Q1 2026 while maintaining strong capital and loan growth (NYSE:BY)

by SA Transcript Insights Editor
October 25, 2025
0

Looking for Alpha's Disclaimer: The earnings name insights are compilations of earnings name transcripts and different content material accessible on...

Next Post
Activist investor Starboard reveals stake in Salesforce, sees significant opportunity

Activist investor Starboard reveals stake in Salesforce, sees significant opportunity

How to help people in Europe and Central Asia pay their energy bills

How to help people in Europe and Central Asia pay their energy bills

Oppo Find X9, Find X9 Pro Launching In India Today — Check Expected Specs And Features

Oppo Find X9, Find X9 Pro Launching In India Today — Check Expected Specs And Features

October 28, 2025
The World Confronts the Genocide Washington Is Trying to Bury

The World Confronts the Genocide Washington Is Trying to Bury

October 28, 2025
Breaking: This is our first real look at Samsung’s tri-fold Galaxy (Updated: More images)

Breaking: This is our first real look at Samsung’s tri-fold Galaxy (Updated: More images)

October 28, 2025
Israel weighs five options if Hamas fails to return hostage remains

Israel weighs five options if Hamas fails to return hostage remains

October 28, 2025
RBI returns Jana Small Finance Bank’s universal bank application over eligibility gaps

RBI returns Jana Small Finance Bank’s universal bank application over eligibility gaps

October 28, 2025
Cadence Design Systems, Inc. (CDNS) Q3 2025 Earnings Call Transcript

Cadence Design Systems, Inc. (CDNS) Q3 2025 Earnings Call Transcript

October 28, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Oppo Find X9, Find X9 Pro Launching In India Today — Check Expected Specs And Features

The World Confronts the Genocide Washington Is Trying to Bury

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In