5 Best FMCG Stocks To Buy Now

2. The Procter & Gamble Company (NYSE:PG

Number of Hedge Fund Holders: 68

The Procter & Gamble Company (NYSE:PG) is an Ohio-based multinational consumer goods corporation offering personal care, hygiene, beauty, home care, baby, and family care products. The product portfolio at The Procter & Gamble Company (NYSE:PG) includes brands like Head & Shoulders, Pantene, Pampers, Ariel, Gillette, Febreze, and Old Spice, among others. 

On October 20, The Procter & Gamble Company (NYSE:PG) announced a quarterly dividend of $0.87 per share, payable on November 15 to shareholders on record as of October 22. 

The Procter & Gamble Company (NYSE:PG) announced on October 19 its Q3 results. The EPS came in at $1.61, beating estimates by $0.02. The quarterly revenue totaled $20.34 billion, exceeding estimated revenue by $445.19 million. 

Steve Powers from Deutsche Bank kept a Buy rating on the stock, but lowered the price target from $163 to $160, citing high gross margin pressures. 

Of the 873 hedge funds tracked by Insider Monkey, 68 funds reported owning stakes in The Procter & Gamble Company (NYSE:PG) at the end of June this year, worth $6.93 billion.