5 Best Investments During A Recession

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

Number of Hedge Fund Holders: 74

The Procter & Gamble Company (NYSE:PG) offers branded consumer packaged goods on a global scale. Its operations are divided into five segments – Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. On July 28, The Procter & Gamble Company (NYSE:PG) reported its fourth quarter results for fiscal year 2023. The company announced a non-GAAP EPS of $1.37, beating Wall Street estimates by $0.05. The revenue of $20.6 billion increased 5.5% year-over-year, surpassing market forecasts by $610 million. During a recession, consumers often cut back on dining out or entertainment spending. This can lead to an increase in at-home consumption, benefiting consumer packaged goods companies like The Procter & Gamble Company (NYSE:PG). 

According to Insider Monkey’s second quarter database, 74 hedge funds were bullish on The Procter & Gamble Company (NYSE:PG), one down from the last quarter. Terry Smith’s Fundsmith LLP is the leading position holder in the company.