Rachel Martin ’22 pitched Procter & Gamble (NYSE: PG) on March 7th, 2022. Procter & Gamble is a multinational consumer goods giant that holds many reputable brands of household products. It operates in five segments: Fabric & Home Care, Baby, Feminine & Family Care, Health Care, Grooming, and Beauty. The company owns 65 brands including names such as Tide, Gillette, and Bounty. This is a mature and stable company that can provide defensive qualities to our portfolio in times of market volatility. Historically, P&G has benefitted from their pricing strategy, and has seen little to no price elasticity with price increases. With commodity-related inflation running very high, P&G has implemented and will continue to implement price increases on their products. This can be beneficial to the company being that consumers are willing to pay increased prices for the distinguished brands they produce. SMIF voted to buy 300 shares of PG at $149.50 and funded this by selling out of our entire BABA position and 55 shares of SPY.