#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
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.
Read More - Current Price
- $161.77
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $179.65 (11.1% Upside)
