5 Best Recession-Proof Stocks to Buy in October

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

Number of Hedge Fund Holders: 71

The Procter & Gamble Company (NYSE:PG) is one of the oldest consumer packaged goods companies in the world as it was set up in 1837 and is currently headquartered in Cincinnati, Ohio, the United States. Its products include diapers, deodorants, detergents, and toothpaste amongst countless others.

The Procter & Gamble Company (NYSE:PG) has managed to grow its revenue by an average of 4.7% and its net income by an average of 8.3% over the past four years – a key fact about its recession-proof capabilities since the years also saw a recession ushered in by the coronavirus pandemic.

Since it is one of the largest brands of its kind, The Procter & Gamble Company (NYSE:PG) also remains well insulated against inflation as it can simply pass down the higher prices to its customers without significantly affecting sales. The firm pays a 91 cent dividend for a 2.84% yield. Insider Monkey’s June quarter of 2022 survey covering 895 hedge funds portfolios outlined that 71 had invested in the firm.

The Procter & Gamble Company (NYSE:PG)’s largest investor is Ray Dalio’s Bridgewater Associates which owns 670 million shares that are worth $970 million.