5 Best Stocks to Buy to Protect Against Inflation in 2022 and Beyond

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

Number of Hedge Fund Holders: 72

The Procter & Gamble Company (NYSE:PG) has managed to sustain consumer spending and demand even in a rising inflationary environment, making it rank high among the best stocks to invest in to hedge against inflation. This April, the company posted gains for the third quarter of fiscal year 2022 in which it beat both EPS and revenue estimates. The company registered an EPS of $1.33 and beat estimates by $0.04. The Procter & Gamble Company (NYSE:PG) generated a revenue of $19.38 billion, up 7.02% year over year, ahead of expectations by $687.76 million.

The Procter & Gamble Company (NYSE:PG) was also named among the top 15 stocks that can weather a bear market by Morgan Stanley. As of May 23, Morgan Stanly analyst, Mike Wilson, has a $177 price target and an Overweight rating on The Procter & Gamble Company (NYSE:PG).

Insider Monkey found 72 hedge funds long The Procter & Gamble Company (NYSE:PG) at the close of Q1 2022. The total stakes of these funds were valued at $6.06 billion. Of these, GQG Partners was the most bullish hedge fund on The Procter & Gamble Company (NYSE:PG), with stakes worth $1.51 billion.