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Investors know and love consumer staples giant Procter & Gamble (PG ) because of the company’s long operating history, stable earnings, and track record of consecutive dividend payments over the past several decades. But P&G is a company in transition. Many of its brands are either not growing or are in decline, which has forced the company into a restructuring of its portfolio. That is no easy task for a huge company with a $223 billion market capitalization.

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