Top 5 Stock Picks of Brian Scudieri’s Kehrs Ridge Capital

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

Kehrs Ridge Capital’s Stake Value: $20,271,000

Percentage of Kehrs Ridge Capital’s 13 Portfolio: 6.54%

Number of Hedge Fund Holders: 68

Kehrs Ridge Capital, as of Q3, owns 145,000 shares in The Procter & Gamble Company (NYSE:PG), valued at $20.2 million, representing 6.54% of the firm’s portfolio. The Procter & Gamble Company (NYSE:PG) is an Ohio-based consumer goods corporation that is recognized for several brands from the beauty, personal hygiene, healthcare, and family care segments, including Pampers, Gillette, Head & Shoulders, Pantene, and Febreze, among others. 

Of the 873 hedge funds tracked by Insider Monkey at the end of June, 68 hedge funds were bullish on The Procter & Gamble Company (NYSE:PG), down from 70 in the preceding quarter. 

The Q3 earnings were reported on October 19 by The Procter & Gamble Company (NYSE:PG). EPS in the period came in at $1.61, beating estimates by $0.02. Revenue for the quarter equaled $20.34 billion, up 5.28% year-over-year, surpassing estimates by $445.19 million. 

On October 20, Steve Powers from Deutsche Bank kept a Buy rating on The Procter & Gamble Company (NYSE:PG), lowering the price target to $160 from $163. He stated that high gross margin pressures are likely to persist.