10 Best Consumer Staples Stocks to Buy According to Analysts

8. The Procter & Gamble Company (NYSE:PG)

Analyst Upside: 11.06%

Number of Hedge Fund Holders: 79

The Procter & Gamble Company (NYSE:PG) provides branded consumer packaged goods to consumers across the globe. Its operations are divided into Fabric & Home Care, Grooming, Beauty, Health Care, Feminine & Family Care, and Baby. The company boasts a strong portfolio of brands, which includes reputable names such as Head & Shoulders, Pantene, Old Spice, Olay, Herbal Essences, Safeguard, Tide, Always, Venus, Oral-B, Ariel, Crest, Tampax, and others.

The Procter & Gamble Company (NYSE:PG) sells its products in around 180 countries and territories. The company operates a long list of industry-leading brands across key consumer staples categories, which lends it a significant competitive advantage. Over the last decade, it has returned around $147.8 billion to shareholders: $67.9 billion through share buybacks and $79.9 billion via dividends. This reflects its strong model of operation.

On March 17, Erste Group analyst Stephan Lingnau upgraded the company to Buy from Hold and reiterated its growth forecast, expected annual earnings per share, and anticipated sales growth of around 2% to 4%. According to Erste, the stock is attractively valued compared to the sector.

The Procter & Gamble Company (NYSE:PG) also has a strong innovation pipeline and is leveraging AI and advanced technologies to optimize media buying, advertising development, and supply chain operations. The Wall Street Journal’s Natasha Khan and Sharon Terlep report showed that the company overtook Unilever by focusing on its largest brands and improving their efficacy. The Procter & Gamble Company (NYSE:PG) is in the strongest position to weather a turbulent year among its competitors, according to the report.