1. Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Investors: 64
Procter & Gamble Company (NYSE:PG), one of the top stocks in the haircare industry, has grown to be one of the global leaders in consumer goods production, with annual revenues of over $84 billion. Sales outside of the company’s home market (the United States) account for more than half of its consolidated sales.
Major hair care brands like Head & Shoulders, Herbal Essences, Pantene, and Rejoice, as well as skin and personal care brands like Olay, Old Spice, Safeguard, Secret, SK-II, and Native, make up the Cincinnati-based company’s beauty division, which, when the corporate segment is taken out of the equation, accounts for 18% of the company’s net sales in 2024.
Although PG’s fiscal 2024 results and 2025 guidance were in line with expectations, PG’s shares fell 5%-6% as a result of weak sales growth and muted price hikes in the last two quarters.
However, this does not imply that the company’s capacity to compete has deteriorated. Additionally, P&G changed its approach to brand investing to be more comprehensive, taking into account a product’s performance, packaging, brand message, online and in-store execution, and the value it offers to retailers and customers. This action was taken following the company’s ten-year decision to eliminate about 100 brands in order to rightsize its category and geographic reach.
Additionally, the firm’s strategic objectives, which include making investments in product development and marketing to support its line of daily necessities, guarantee that its brands will continue to have an impact on customers and retailers, keeping it among the Best Hair Care Stocks to Buy Right Now.
Furthermore, the Procter & Gamble Company (NYSE:PG)’s strategic goals, which include investing in marketing and product innovation to promote its range of everyday essentials, ensure that its brands continue to influence consumers and merchants, thereby maintaining its position as one of the Best Hair Care Stock To Buy Now.
Hair Care organic sales climbed by high single digits in Q2 2024 YoY, owing to increased pricing and a better product mix resulting from the expansion of premium items.
It is one of the “Stocks Jim Cramer Can’t Stop Talking About.” He says:
Procter & Gamble is in an excellent spot to satisfy rising consumer demand and provide value to shareholders because of its commitment to innovation, sustainability, and healthy cash flow.
Ken Fisher’s Fisher Asset Management is the largest shareholder in the company, with 17,550,134 shares worth $2.89 billion.
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