Billionaire Ray Dalio is Buying These 5 Stocks

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Below is the list of 5 stocks billionaire Ray Dalio is buying. For a comprehensive list and detailed discussion please see Billionaire Ray Dalio is Buying These 10 Stocks.

5. PepsiCo, Inc. (NASDAQ:PEP)

Ray Dalio’s Bridgewater Associates Stake Value: $395 million

Bridgewater Associates 13F Portfolio: 2.54%

Number of Hedge Fund Holders: 66

Ray Dalio’s confidence in consumer staples company PepsiCo, Inc. (NASDAQ:PEP) was recently enhanced as well. Bridgewater Associates increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 49% during the second quarter of 2021, taking its holding to 2.54% of the entire portfolio. PepsiCo, Inc. (NASDAQ:PEP) has a long history of generating returns for investors through dividends. For the past 49 consecutive years, PepsiCo, Inc. (NASDAQ:PEP) has increased its dividend. Currently, it yields around 2.9%.

Recently, the smart money has become more enthusiastic about PepsiCo, Inc. (NASDAQ:PEP). PepsiCo was in 66 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 61 positions in the previous quarter.

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