Apple Inc.( AAPL), The Coca-Cola Co (KO): Billionaire Ray Dalio’s Top Picks

We move next to Johnson & Johnson (NYSE:JNJ) a pharmaceutical and health products giant headquartered in New Brunswick, New Jersey. Dalio boosted his position in Alex Gorsky’s company to 268,093 shares valued at $26.97 million. Johnson & Johnson (NYSE:JNJ) reported net income of $4.32 billion or $1.53 diluted EPS for the first quarter of 2015. As CEO Alex Gorsky said “The company delivered strong underlying growth in the first quarter driven by new products and the strength of the core business. Of note is the continued robust growth of the Pharmaceutical business and the solid performance of our Consumer brands”. Other shareholders that held large positions in Johnson & Johnson (NYSE:JNJ) were Ken Fisher’s Fisher Asset Management with 10.42 million shares valued at $1.09 billion, followed by Donald Yacktman’s Yacktman Asset Management and Cliff Asness’ AQR Capital Management with 8.61 million and 4.46 million shares, respectively.

Lastly we come to The Coca-Cola Co (NYSE:KO), in which Dalio’s fund initiated a new position of 577,774 shares worth $23.43 million. The largest beverage company in the world has more than 500 sparkling and still brands and an extensive distribution system in more than 200 countries globally, with 1.9 billion servings of its beverages consumed daily. In order to, as President of Coca-Cola North America Sandy Douglas said “…reinforce our successful efforts to move forward with our refranchising plans in the U.S. as we implement a more agile, modern, customer-focused beverage partnership model”, The Coca-Cola Co (NYSE:KO), announced letters of intent with Coca-Cola Bottling Co. and Clark Beverage Group, two U.S. bottling partners, granting them additional expanded territories. For the first quarter, the company reported net income of $1.56 billion, or $0.35 diluted EPS. The largest hedge fund holdings in The Coca-Cola Co (NYSE:KO) are held by Warren Buffett‘s Berkshire Hathaway with 400 million shares, Donald Yacktman’s Yacktman Asset Management and Eagle Capital Management run by Boykin Curry.

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