5 Recession-Proof Stocks to Buy and Hold

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

Number of Hedge Fund Holders: 67

The Procter & Gamble Company (NYSE:PG) operates as an American multinational consumer goods corporation, manufacturing and distributing personal health and hygiene products. The Procter & Gamble Company (NYSE:PG) is a mature company that can survive a recession, given the indispensable nature of its product portfolio, large global customer base, and solid balance sheet. 

On March 16, Deutsche Bank analyst Steve Powers reduced the price target on The Procter & Gamble Company (NYSE:PG) to $173 from $179 and kept a Buy rating on the shares, stating that the company’s management seemed confident in its ability to outperform despite near-term market volatility and latest headwinds. 

Rajiv Jain’s GQG Partners held the biggest stake in The Procter & Gamble Company (NYSE:PG), with 7.5 million shares worth $1.2 billion. According to Insider Monkey’s Q4 database, 67 hedge funds were bullish on the stock, compared to 69 funds in the previous quarter.