13 Best FMCG Stocks to Buy Right Now

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1. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 104

Philip Morris International Inc. (NYSE:PM) ranks among the best FMCG stocks to buy. Analysts at BofA Securities raised their price target for Philip Morris International Inc. (NYSE:PM) from $182 to $200 on June 3 while maintaining their Buy rating on the company’s shares. The update comes after the company’s CFO, Emmanuel Babeau, expressed confidence in the company’s smoke-free, multi-product strategy during a presentation at an investor conference in Paris.

At the moment, Philip Morris International Inc. (NYSE:PM) sells its three smokeless brands. IQOS, ZYN, and VEEV, in 16 countries, with two brands accessible in 20. The company noted that these products work well together, preventing internal competition and fostering expansion. Philip Morris International Inc. (NYSE:PM) also intends to market two-thirds of its products as smoke-free due to the increasing popularity of these brands.

Philip Morris International Inc. (NYSE:PM) is a global tobacco company that provides services to consumers in over 180 countries. With Marlboro as its signature product, the firm stands out among the titans of “Big Tobacco.”

While we acknowledge the potential of PM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

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