7 Risk-Off Stocks to Buy as Inflation Remains at Record Levels - 1 of 7

#1 - Procter & Gamble (NYSE:PG)

If investors are indeed moving towards more risk off assets that’s a bullish signal for consumer staples stocks like Procter & Gamble (NYSE:PG). Investors may not be that excited about the 15% growth in the PG stock price over the last 12 months. But investors who have held the stock for the last five years have been rewarded with 88% stock price growth. And that’s to say nothing of the company’s dividend. Procter & Gamble is part of the exclusive Dividend King club and has increased its dividend payout in each of the last 63 years. And over the last three years, the company has posted an average dividend growth of 19.67%.

In the year that ended in June 2021, Procter & Gamble posted year-over-year revenue growth of 7% and earnings growth of 10%. While that growth may not sound that impressive, it serves as a reminder that consumers continue to buy the company’s products even as the economy reopened.

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

$156.24

Consensus Rating

Moderate Buy

Ratings Breakdown

12 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$168.53 (7.9% Upside)