5 Best Consumer Staple Stocks

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

Number of Hedge Fund Holders: 71

The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods corporation. The company offers consumer health, personal care, hygiene, and other products. On August 2, Barclays analyst Lauren Lieberman reiterated an Overweight rating on the company shares and lowered his price target to $154 from $157 post Q4 results.

Despite being a defensive stock, The Procter & Gamble Company (NYSE:PG) has shown decent growth over the past few years. In the past four years, the company’s annualized revenue growth has been recorded at 4.7% and EPS at 8.3%. Furthermore, the company could pass on the higher costs triggered by inflation to its customers. In its June quarter, the company increased its commodity prices by approximately 8% and generated a revenue of $19.52 billion, which was $110 million above the market forecasts.

The Procter & Gamble Company (NYSE:PG) is a dividend king that has increased its dividend payout for the past 66 years. In the last three years, the CAGR for its dividends has stood at 7%.

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