P&G Still Merits a Spot on Shopping Lists
Efforts to hone its focus are starting to yield top-line gains.
The market has long been reluctant to buy into Procter & Gamble’s (PG) ability to sustainably reignite its top-line performance, and as such, the shares have languished. However, we have held that the company was taking prudent steps across its organization to right its ship and support its long-term brand advantage.
Despite this, activist investor Nelson Peltz in February 2017 disclosed a $3 billion stake (about 1% of shares outstanding) and subsequently announced his desire for a board seat, which management was reluctant to offer up. Peltz suggested that P&G’s organizational structure, corporate governance, and recent financial performance lagged peers and that more must be done to accelerate the pace of change at the leading household and personal-care company.
Erin Lash does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.