Retirement Stock Portfolio: 5 Consumer Stocks To Consider

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 renowned global consumer goods corporation. Established in 1837 by William Procter and James Gamble, the company is celebrated for its wide-ranging portfolio of branded consumer packaged goods, which are distributed worldwide across various segments, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

At present, the company extends a quarterly dividend of $0.9407 per share, translating to a dividend yield of 2.54% as of October 18. Significantly, The Procter & Gamble Company (NYSE:PG) has consistently elevated its dividends for an impressive 67 consecutive years, reinforcing its reputation not only as a leading dividend aristocrat stock but also as a reliable retirement investment option.

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