5 Best FMCG Stocks To Buy Now

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

Number of Hedge Fund Holders: 68

Ranking 2nd on the list of 11 best FMCG stocks to buy now is The Procter & Gamble Company (NYSE: PG). The Ohio-based multinational consumer goods corporation was founded in 1837. The company has over 65 individual brands including Pampers, Ariel, Safeguard, Oral-B, among others. 

In April 2020, The Procter & Gamble Company (NYSE: PG) expanded its Australian presence by acquiring supplement producer Voost. The Procter & Gamble Company intends to expand Voost’s range of vitamins, minerals, and supplements.

This August, Truist analyst Bill Chappell raised the price target of The Procter & Gamble Company (NYSE: PG) to $145 per share from $140 per share and kept his Hold rating on the stock, highlighting solid Q4 results and FY2022 guidance.

The company has a market cap of $350.40 billion and currently offers a dividend yield of 2.41%. In the second quarter of 2021, The Procter & Gamble Company (NYSE: PG) reported an EPS of $1.13, beating estimates by $0.04. The company’s fourth-quarter revenue came in at $18.95 billion, beating estimates of $569.63 million.

By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in The Procter & Gamble Company (NYSE: PG) worth roughly $6.93 billion. This is compared to 70 hedge funds in the previous quarter with a total stake value of approximately $8.53 billion.