5 Best Stocks Under $50 According to Billionaire Ray Dalio

4. The Kraft Heinz Company (NASDAQ:KHC)

Bridgewater Associates’ Stake Value: $88,878,000 

Percentage of Bridgewater Associates’ 13F Portfolio: 0.35%

Share Price as of June 27: $38.66

Number of Hedge Fund Holders: 35

On June 22, BMO Capital analyst Kenneth Zaslow upgraded The Kraft Heinz Company (NASDAQ:KHC) to Outperform from Market Perform and reiterated his price target of $46, implying a 25% upside from current levels.

As of June 27, The Kraft Heinz Company (NASDAQ:KHC) has gained 6.97% year-to-date and is offering a forward dividend of 4.17%. The stock is trading at $38.66 per share and is, therefore, one of the best dividend-paying stocks to buy for less than $50 according to billionaire Ray Dalio.

At the close of Q1 2022, 35 hedge funds were long The Kraft Heinz Company (NASDAQ:KHC) with stakes worth $13.44 billion. This is compared to 39 positions in the preceding quarter with stakes worth $12.21 billion.

In the first quarter of 2022, Bridgewater Associates increased its stakes in The Kraft Heinz Company (NASDAQ:KHC) by 48%. As of March 31, Ray Dalio’s hedge fund’s stakes are valued at $88.87 million in the company, which covers 0.35% of its 13F portfolio.