5 Best FMCG Stocks to Buy Now

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

Number of Hedge Fund Holders:72

The Procter & Gamble Company (NYSE:PG) is an Ohio-based consumer goods company. The company has been paying dividends for the last 132 years and increasing them for the last 6.5 decades. It is expected that the company will have paid $18 billion in dividends by the end of 2022. At the end of the first quarter of 2022, 72 hedge funds were bullish on the company, compared to 67 in the previous quarter.

For the first quarter of 2022, The Procter & Gamble Company (NYSE:PG) posted an EPS of $1.33, outperforming the estimates of $1.29. The recorded revenue was $19.98 billion, exceeding the forecasts by $633.71 million. Moreover, for FY 2022, the organic sales growth of The Procter & Gamble Company (NYSE:PG) was recorded at 4%, 6%, and 10% for the first, second, and third quarters respectively.

On June 21, Deutsche Bank analyst Steve Powers maintained a Buy rating on The Procter & Gamble Company (NYSE:PG)’s shares with a price target of $157, down from $171 after Deutsche’s consumer conference in Paris. According to Morgan Stanley, The Procter & Gamble Company (NYSE:PG) is one of the 15 stocks that can weather a bear market. The factors considered were quality, free cash flow, free cash flow yield, and analyst ratings.