Billionaire Ray Dalio is Buying These 5 Stocks

 

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

Ray Dalio’s Bridgewater Associates Stake Value: $445 million

Bridgewater Associates 13F Portfolio: 2.86%

Number of Hedge Fund Holders: 62

Due to the straight 59-year history of growing dividends, The Coca-Cola Company (NYSE:KO) is a great stock to hold in a dividend portfolio. At the moment, the company offers a dividend yield of around 3.09% on its quarterly dividend of $0.42 per share. During the second quarter, Ray Dalio’s hedge fund increased its stake in KO by 45% to $445 million worth of shares.

The number of long hedge fund bets has increased by 1 lately. The Coca-Cola Company was in 62 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 61 positions in the previous quarter.