5 Best Stocks to Buy According to Billionaire Ray Dalio

4. The Coca-Cola Company (NYSE: KO)

Dalio’s Stake Value: $298,699,000
Percentage of Ray Dalio’s 13F Portfolio: 2.63%
Number of Hedge Fund Holders: 61

The consumer staple giant The Coca-Cola Company (NASDAQ: KO) is one of the best stocks to hold in dividend portfolio because of its 58 straight years of dividend growth history. The company currently offers a quarterly dividend of $0.42 per share, yielding around 3%. Ray Dalio held 5.66 million shares of The Coca-Cola Company at the end of the first quarter after lifting his position by 25% from the previous quarter.

The number of long hedge fund bets decreased by 1 lately. The Coca-Cola Company was in 61 hedge funds’ portfolios at the end of the first quarter of 2020 compared to 62 positions in the previous quarter.