5 Best FMCG Stocks To Buy Now

1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Johnson & Johnson (NYSE:JNJ) is one of the most popular FMCG stocks in the database of Insider Monkey, with 88 hedge funds being bullish on Johnson & Johnson (NYSE:JNJ) as of June this year. Johnson & Johnson (NYSE:JNJ) is a multinational corporation specializing in consumer packaged goods, medical devices, and pharmaceuticals. It is one of the most valuable global companies, with an impeccable AAA credit rating. 

Johnson & Johnson (NYSE:JNJ) CEO Alex Gorsky announced on November 12 that the company’s consumer division that houses brands like Tylenol and Band-Aid, will be separated from the pharmaceutical and medical devices business segments. He stated that this strategic maneuver will allow sustainable long-term growth, since their business and customers have diverged quite a lot. Customers and patients will be served more effectively if these divisions are separated. 

On October 19, Johnson & Johnson (NYSE:JNJ) announced a Q3 EPS of $2.60, beating estimates by $0.25. After the Q3 results, Jayson Bedford from the investment advisory Raymond James, on October 20, kept an Outperform rating on the stock, lowering the price target from $183 to $178. 

Here is what Distillate Capital has to say about Johnson & Johnson (NYSE:JNJ) in its Q2 2021 investor letter:

“The largest additions in the rebalance, Johnson & Johnson was around 50 and 40 basis points incrementally. J&J underperformed in the quarter while its normalized free cash flows held steady and so its position size was topped off to match the stable cash flows.”

You can also take a look at 10 Growth Stocks to Buy According to Jay Chen’s Himension Capital and Top 10 Stock Picks of Anand Desai’s Darsana Capital Partners.

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