5 Best Stocks to Buy Amid Inflation in 2022 and Beyond

3. 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’s FQ3 2022 earnings reports showed organic growth of 10%, and sales volume increased by 3%. These figures reflect that the company remains unaffected by rising prices during inflation due to its business model.

The Procter & Gamble Company (NYSE:PG) recently posted its FQ3 2022 earnings report, according to which the company made $19.38 billion worth of net sales compared to $18.1 billion in the same quarter of 2021, showing a change of 7%. The operating income showed an increase of 6% to $4.07 billion. Moreover, the company made a stock repurchase of $1.20 billion.

The Procter & Gamble Company (NYSE:PG) has been raising its dividends for 66 straight years. The most recent increase was of $0.0435 to $0.913, which was paid out on May 16, 2022, to shareholders of record as of April 21. The company has a dividend yield of 2.76% and a 23.1 P/E ratio.