5 Stocks Most Affected by Inflation

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

Number of Hedge Fund Holders: 69

The Procter & Gamble Company (NYSE:PG) is a Cincinnati, Ohio-based manufacturer and marketer of fast-moving consumer goods (FMCG).

For the fiscal year 2023, The Procter & Gamble Company (NYSE:PG) is predicted to experience about $3.9 billion in headwinds, or a 27% reduction in EPS growth, as a result of rampant inflation affecting consumer finances, geopolitical problems, and exchange rate fluctuations. The Procter & Gamble Company (NYSE:PG) was anticipating a net headwind of $2.3 billion, or a 16% reduction in EPS growth, compared to the comparable projection provided in Q3 2022. However, the forecasted headwind for 2023 has risen by 69%. The rising inflation rates have also led many customers to switch to other brands. According to the latest survey conducted by Chicago, Illinois-based management consultancy firm Kearney only 22% of the customers are loyal to their favorite brands.

As of Q3 2022, The Procter & Gamble Company (NYSE:PG) was held by 69 hedge funds.