We're buying the dip in this consumer staples stock teed up for a bounce
CNBC••business
Key Points:
- Jim Cramer's Charitable Trust is purchasing 75 shares of Procter & Gamble (PG) at around $141, increasing its total holdings to 475 shares and raising the portfolio weighting from 1.5% to 1.75%.
- PG shares have declined over the past two weeks, but the trust is using this dip to lower its average cost basis and acquire stock with an approximate 3% dividend yield.
- Jefferies recently upgraded PG to a buy rating and raised its price target to $179, citing lowered earnings estimates and easier year-over-year comparisons in 2026 as reasons for optimism.
- The company underwent a leadership change on January 1, with Shailesh Jejurikar replacing Jon
