10 Best Defensive Stocks to Buy According to Steve Cohen

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

Point72 Asset Management Equity Stake: $120.45 Million

Number of Hedge Fund Holders: 88

The Procter & Gamble Company (NYSE:PG) is one of the best defensive stocks to buy, according to Steve Cohen. On September 4, at the Barclays 18th Annual Global Consumer Staples Conference 2025, the company reiterated its commitment to leveraging innovation and efficiency to drive future growth.

As the global market growth is expected to stabilize between 2% and 2.5% below the long-term average of between 3% and 4%, P&G remains committed to innovation across all price tiers to offset the slow growth. It also plans to pursue organization restructuring, focusing on optimizing value chains and improving productivity through technology.

Having registered significant growth over the past seven years, the consumer goods company is considering a mid-to-single-digit price increase on 25% of its US portfolio in response to the tariff headwinds.

The Procter & Gamble Company (NYSE:PG) is a global consumer goods company that creates and markets a wide range of trusted, high-quality brands for consumers worldwide, including well-known names in fabric care, such as Tide, baby care, like Pampers, and personal health products, like Oral-B and Gillette.