5 Best Cheap Stocks To Buy Now According To Ray Dalio

Below we present the list of the 5 best cheap stocks to buy now according to Ray Dalio. For more background on Ray Dalio and some of his other cheap stock picks, check out the 10 best cheap stocks to buy now according to Ray Dalio.

5. General Mills, Inc. (NYSE:GIS)

We begin our 5 best cheap stocks bought by Ray Dalio’s Bridgewater Associates with General Mills, Inc. (NYSE:GIS), an American consumer food manufacturer. Bridgewater boosted its stake in GIS by 1277%, its current position being valued at $18.7 million. There were a total of 37 hedge funds with bullish GIS bets at the end of September.

Year-to-date, the stock returned about 19.5% (through December 2nd) and is currently valued at $36.8 billion. The company is emerging from the pandemic stronger and more profitable. On September 23rd, the company reported strong 2021 Q1 results; net sales have increased by 9% to $4.4 billion and operating profit – by 29% to $854 million. Another good news for GIS investors is the 4% increase in the quarterly dividend to $0.51 per share. General Mills (NYSE:GIS), together with its predecessor company, is proud to have paid dividends without interruption for 122 years. We have previously featured the stock in our top 10 best high dividend stocks to buy now.