Billionaire Ray Dalio’s Bridgewater Associates 13F Portfolio: Top 5 Stock Picks

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

Number of Hedge Fund Holders: 60

Ray Dalio’s Bridgewater Associates’ Holdings: $642,397,000

Percentage of Ray Dalio’s Bridgewater Associates’ Portfolio: 3.25%

The Coca-Cola Company (NYSE:KO) is an Atlanta, Georgia-based beverage company.

On October 26, Peter Grom at UBS increased the price target on The Coca-Cola Company (NYSE:KO) from $63 to $68 and reiterated a Buy rating on the stock. The analyst highlighted the company’s impressive Q3 2022 earnings beat as The Coca-Cola Company (NYSE:KO) was able to counter the negative impact of currency headwinds with organic growth.

The analyst added that The Coca-Cola Company’s (NYSE:KO) risk and return profile looks favorable as the company is set to experience strong growth in the top line, which has given the stock a premium valuation compared to its peers. Experts highlight that The Coca-Cola Company (NYSE:KO) has the power to act as a pricing leader amongst its peers, and the advanced revenue management tactics are providing more impetus to topline growth. The stock’s annual forward dividend yield stands at 2.90% as of November 14.

Here’s what Aristotle Capital Management, LLC, said about The Coca-Cola Company (NYSE:KO) in its Q2 2022 investor letter:

“The Coca-Cola Company (NYSE:KO), the global beverage business, was a leading contributor for the period. Coca-Cola continues to benefit from the refranchising of its bottling operations and realignment of incentives, catalysts we previously identified. These initiatives are demonstrating their strength in an inflationary and supply-chain-challenged environment. Additionally, the company has focused on evolving its customer engagement practices by leveraging digital and social medias for targeted campaigns, such as the design and launch of Coke Byte in the metaverse. Lastly, Coca-Cola has furthered its transformation into a total beverage company, as it debuted its new Jack Daniel’s Tennessee Whiskey and Coca-Cola ready-to-drink premixed cocktail. Although uncertainties surrounding cost pressures, lockdowns and geopolitical conflicts remain, we believe Coca-Cola is uniquely positioned to successfully continue its transition toward a total beverage business.”