#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
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.
Read More - Current Price
- $161.29
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $169.76 (5.3% Upside)
