5 Stocks to Buy Amid Rising Inflation

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

Number of Hedge Fund Holders: 70   

The Procter & Gamble Company (NYSE: PG) is a firm that makes and sells consumer packaged goods. It is ranked third on our list of 13 stocks to buy amid rising inflation. The company’s shares have returned more than 11% to investors in the past twelve months. Some of the famous brands owned by the firm include Head & Shoulders, Herbal Essences, Pantene, Rejoice, Olay, Old Spice, Safeguard, among others. The firm is a solid bet in times of inflation as it markets essential products and has an international presence. 

On April 21, investment advisory Citi downgraded The Procter & Gamble Company (NYSE: PG) stock to Neutral from Buy citing slower growth rates and commodity pressures which will likely result in a tough two upcoming quarters for the firm. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Cedar Rock Capital is a leading shareholder in The Procter & Gamble Company (NYSE: PG)  with 8.7 million shares worth more than $1.1 billion.