The Procter & Gamble Company ( PG ) recently expanded
recall of dry pet food manufactured by its subsidiary, Natura Pet
Products Inc., due to possible contamination with Salmonella. It
has been confirmed that Salmonella was found in dry cat food and a
cat pet treat. However, no Salmonella related infection has been
reported to date.
On Mar 18, the company has initiated the recall of specific lots
of dry pet food. However, in order to mitigate risks, Natura is
further recalling products made in the same time frame.
The Natura Pet product line is a well-known name for premium pet
food and treats. The products are made in accordance with
nutritional science and include high quality ingredients. Natura
Pet products represent several well-known brands such as Innova,
Evo, California Natural, Healthwise, Mother Nature and Karma.
Overall, we are encouraged by P&G's strong brand recognition,
diversified portfolio, rapid growth in developing nations,
impressive product development capabilities and marketing prowess.
Though fiscal 2012 turned out to be a tough year for P&G,
Procter & Gamble plans to implement some meaningful changes to
re-accelerate its top and bottom line.
In addition, the company has implemented costs savings and
productivity improvement initiatives in order to improve margins.
P&G is gaining momentum from these efforts as evident from two
back-to-back solid quarterly results. However, we would remain on
the sidelines until we witness further progress from the turnaround
efforts.CHURCH & DWIGHT (CHD): Free Stock Analysis
ReportCLOROX CO (CLX): Free Stock Analysis ReportPROCTER & GAMBL (PG): Free Stock Analysis
ReportZEP INC (ZEP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment
Procter & Gamble currently carries a Zacks Rank #3
Other companies in the consumer staples sector that warrant
investors' attention include Church & Dwight Co.
Inc. ( CHD
), The Clorox Company ( CLX ), and Zep,
Inc. ( ZEP
). All the three companies carry a Zacks Rank #2 (Buy).