Cincinnati, Ohio-based Procter & Gamble Company (PG) is the world’s largest consumer packaged goods company. With a market cap of $393.3 billion, Procter & Gamble operates through Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care segments.

Companies worth $200 billion or more are generally described as "mega-cap stocks." P&G fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the household & personal products industry. The company’s extensive operations span over 180 countries and territories across the globe.

P&G touched its all-time high of $180.43 on Nov. 27 last year and is currently trading 7.2% below that peak. Meanwhile, the stock has dropped 3.7% over the past three months, underperforming the Nasdaq Composite’s ($NASX) 1.4% uptick during the same time frame.

Over the longer term, P&G’s performance looks even more concerning as the stock has gained 2.6% over the past 52 weeks, significantly underperforming Nasdaq’s 12.2% surge during the same time frame.

To confirm the recent downtrend, P&G stock has traded mostly below the 200-day moving average since mid-March and below its 50-day moving average since early April, with some fluctuations.

Procter & Gamble’s stock prices dropped 3.7% after the release of its mixed Q3 results on Apr. 24. Due to a weakness in volumes across segments and foreign currency translation losses, the company’s GAAP-based net sales for the quarter dropped 2.1% year-over-year to $19.8 billion. This figure fell short of the Street’s expectations by 2.8% and unsettled investor confidence. On the positive note, the company focused on curtailing its SG&A expenses, which led to a slight improvement in margins. Moreover, the company ramped up its share repurchase activities in recent quarters, leading to a 1.3% year-over-year increase in non-GAAP adjusted EPS to $1.54, meeting the analyst’s expectations.

Nevertheless, when compared to its peer Kimberly-Clark Corporation (KMB), P&G’s stock performance looks even grimmer. KMB stock has soared 10.5% over the past 52 weeks, significantly outpacing P&G’s low-single-digit uptick.

However, analysts remain optimistic about the stock’s long-term prospects. Among the 25 analysts covering the PG stock, the consensus rating is “Moderate Buy.” As of writing, its mean price target of $174.35 represents a modest 4.2% upside potential from current price levels.