#3 - Procter & Gamble (NYSE:PG)
Sticking with the consumer staples sector, The Procter & Gamble Co. (NYSE: PG) is an evergreen choice. Consumer staples are not exclusively about food. And P&G is one of the most prominent names for beauty, grooming, healthcare, baby and feminine care products. Your home probably includes one or more of the company’s products at any given time.
In 2022, this model played out very well for investors. Revenue was up sequentially in each of the four quarters (which spanned two fiscal years). The company also beat on earnings in three of the four quarters. They weren’t large beats, but when many analysts called for an earnings recession, it was a welcome sight.
The stock fell nearly 10% in 2022, but that outpaced the broader market. And investors were still rewarded with a rock-solid dividend. Procter & Gamble is a dividend king has increased its dividend in each of the last 67 consecutive years.
About Procter & Gamble
The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.
Read More - Current Price
- $168.06
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $180.45 (7.4% Upside)
