ZURICH—Nestle raised its full-year sales target on Wednesday after the world’s largest food group reaped the benefits of price hikes on its products ranging from pet food to bottled water with a forecast-beating third quarter. The Switzerland-based firm, whose shares rose more than 3 percent, has moved ahead of other consumer companies in passing on higher input costs to consumers, leveraging the strength of its brands such as Purina pet food and Perrier water. But its rivals are set to follow. Procter & Gamble, has said it will raise prices in the United States and Danone has warned of price pressures next year, adding to a global inflationary threat testing the resolve of central banks. Unilever gives a trading update on Thursday. Like its peers, Nestle is grappling with supply chain constraints as the world economy roars out of a COVID-19 slump. But the maker of KitKat bars and Nescafe …