5 Best FMCG Stocks To Buy Now

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

Number of Hedge Fund Holders: 74

The Procter & Gamble Company (NYSE:PG), headquartered in Cincinnati, Ohio, is a well-known global consumer goods corporation. Founded in 1837 by William Procter and James Gamble, the company is renowned for its extensive portfolio of branded consumer packaged goods, distributed worldwide across various segments, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

Currently, the company offers a quarterly dividend of $0.9407 per share, resulting in a dividend yield of 2.56% as of October 28. Notably, The Procter & Gamble Company (NYSE:PG) has consistently raised its dividends for an impressive 67 consecutive years, solidifying its position as a leading dividend aristocrat stock and a dependable retirement investment choice.

According to Insider Monkey’s second-quarter database, 74 hedge funds held positive positions in The Procter & Gamble Company (NYSE:PG), a slight decrease from the 75 funds in the previous quarter. Fundsmith LLP, managed by Terry Smith, emerged as the largest stakeholder in the company, with ownership of 4.84 million shares valued at $735.8 million.