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Parsippany, New Jersey-based Zoetis Inc. (ZTS) discovers, develops, and commercializes animal health medicines, vaccines, and diagnostic products and services. With a market cap of $74.8 billion, Zoetis operates as the largest producer of medicines and vaccines for pets and livestock in the world.
Companies worth $10 billion or more are generally described as “large-cap stock,” Zoetis fits this bill perfectly. Given its extensive operations spanning more than 100 countries across North America, Europe, and internationally, its valuations above this market is unsurprising.