#1 - Procter & Gamble (NYSE:PG)
The Procter & Gamble Company (NYSE: PG) is a logical choice to include as the first stock on this list of consumer staples stocks to buy. The company is known for iconic brands such as Gillette, Vicks, Tide, Downy, and Pampers.
Shareholders have been treated to stock price appreciation of over 81% in the last five years. And when you include the company’s dividend, the total return is even higher. Speaking of that dividend, Procter & Gamble is a Dividend King that has increased its dividend for 67 consecutive years. The dividend yield as of March 2023 is 2.53% and the annual payout per share is $3.65.
Analysts tracked by MarketBeat give PG stock a Moderate Buy rating with a consensus price target of 155.27%. That's 7.3% higher than the current price. That’s supported by expectations that revenue and earnings will both increase at a single-digit rate over the next five years
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
More- Current Price
- $168.16
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $180.53 (7.4% Upside)
