5 Best FMCG Stocks To Buy Now

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

Number Of Hedge Fund Holders: 69

The Procter & Gamble Company (NYSE:PG) is an Ohio-based multinational consumer goods company that specializes in a wide range of personal care and hygiene products. One of the strongest dividend players in the US, it has paid regular dividends to shareholders for the past 132 years. As of December 9, the company pays a quarterly dividend of $0.91 per share for a dividend yield of 2.42%.

Jefferies analyst Kevin Grundy raised the price target on The Procter & Gamble Company (NYSE:PG) to $164 from $149 and kept a Buy rating on the shares following P&G’s “upbeat” investor day meeting on November 22.

At the end of the third quarter of 2022, 69 hedge funds in the database of Insider Monkey held stakes worth $4 billion in The Procter and Gamble Company (NYSE:PG), compared to 71 in the preceding quarter worth $5.5 billion. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital was one of the company’s leading shareholders at the close of Q3, with stakes worth approximately $712.2 million.