5 Best Stagflation Stocks To Buy

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

Number of Hedge Fund Holders: 69

The Procter & Gamble Company (NYSE:PG) provides branded consumer packaged goods worldwide. It operates through five segments – Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Procter & Gamble Company (NYSE:PG) is one of the top picks of smart investors for a stagflation portfolio. The company expects to pay around $9 billion in dividends and to repurchase $6 billion to $8 billion of common shares in fiscal 2023.

On November 22, Jefferies analyst Kevin Grundy raised the price target on The Procter & Gamble Company (NYSE:PG) to $164 from $149 and kept a Buy rating on the shares following the company’s “upbeat” investor day meeting. While trade down remains a risk, The Procter & Gamble Company (NYSE:PG) “remains a core holding” and the event pointed out the transformation of the company’s “winning strategy” of four core focus areas including supply, sustainability, digital acumen, and human capital, the analyst told investors.

Among the hedge funds tracked by Insider Monkey, The Procter & Gamble Company (NYSE:PG) was part of 69 public stock portfolios at the end of Q3 2022, compared to 71 in the prior quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is a significant stakeholder of the company, with 5.6 million shares worth $712 million.  

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