5 Best Growth Stocks to Buy According to Ray Dalio

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In this article, we discuss 5 best growth stocks to buy according to Ray Dalio. If you want to see more growth stocks in Dalio’s portfolio, click 12 Best Growth Stocks to Buy According to Ray Dalio

5. Monster Beverage Corporation (NASDAQ:MNST)

Number of Hedge Fund Holders: 46

Monster Beverage Corporation (NASDAQ:MNST) is a California-based company that markets and sells energy drink beverages and concentrates in the United States and internationally. The Bridgewater portfolio held 1.3 million Monster Beverage Corporation (NASDAQ:MNST) shares in the second quarter of 2022, worth $124.5 million and representing 0.52% of the total 13F securities. It is one of the best growth stocks to buy according to Ray Dalio. 

UBS analyst Peter Grom on August 5 raised the price target on Monster Beverage Corporation (NASDAQ:MNST) to $99 from $94 but kept a Neutral rating on the shares. The company’s top line resilience was more than offset by much softer-than-anticipated gross margin in Q2, and while the management believes there will be margin improvement in Q3, there is very limited visibility on the path to recovery ahead, the analyst told investors in a research note.

According to Insider Monkey’s data, 46 hedge funds were long Monster Beverage Corporation (NASDAQ:MNST) at the end of Q2 2022, compared to 48 funds in the last quarter. Jim Simons’ Renaissance Technologies is the largest stakeholder of the company, with 5.65 million shares worth over $524.2 million. 

Here is what Carillon Tower Advisers specifically said about Monster Beverage Corporation (NASDAQ:MNST) in its Q2 2022 investor letter:

“Monster Beverage Corporation (NASDAQ:MNST) develops and sells energy drinks and concentrates. The company’s shares outperformed, driven by an impressive earnings report highlighted by better than expected organic growth. Management also gave guidance that indicated a potential bottom in gross margins, as well as upcoming price increases that helped give investors confidence in its growth outlook.”

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