Gillian Camperlengo ’25 pitched Colgate-Palmolive Company (NYSE: CL) on October 28, 2024. Colgate-Palmolive is a diversified multinational consumer products company, manufacturing and distributing household, commercial cleaning, dental and other personal-care products, as well as pet nutrition. The company is a household products market leader, particularly for oral care products like toothpaste and toothbrushes.
Gillian’s investment thesis highlighted Colgate-Palmolive’s leadership position across product categories and the company’s continuous adaptation to consumer trends, as well as strong conviction in the Consumer Staples sector. The company has experienced a very profitable fiscal year 2023 and 2024 thus far, with the stock reaching its all-time high of $109.30. Due to some decline from this point and a relatively high P/E multiple for the sector, the class concluded that Colgate-Palmolive is a good addition to the portfolio but at a lower price. Ultimately, the class voted not to add CL to the portfolio now but will keep an eye on the stock going forward.