Ray Dalio’s Bridgewater Associates Portfolio: Top 5 Dividend Stocks

4. PepsiCo, Inc. (NASDAQ:PEP)

Bridgewater Associates’ Stake Value: $634,801,000

PepsiCo, Inc. (NASDAQ:PEP) is a New York-based food, snack, and beverage company that also markets and distributes its products. In August, Morgan Stanley gave an Overweight rating to the stock, expecting the company’s outperformance in the upcoming quarters. The firm further appreciated the company’s distribution agreement with Celsius.

Ray Dalio initiated his position in PepsiCo, Inc. (NASDAQ:PEP) with stakes worth over $16.4 million during Q4 of 2010. In Q2 2022, his hedge fund slashed its position in the company by 9%, which takes its total PEP stake to over $634.8 million. The company represented 2.69% of Dalio’s portfolio.

On July 21, PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend of $1.15 per share, consistent with its previous dividend. The company has been making uninterrupted dividend payments since 1965 while maintaining a 50-year streak of dividend growth. As of August 29, the stock’s dividend yield came in at 2.69%.

At the end of Q2 2022, Fundsmith LLP owned stakes worth over $1.1 billion in PepsiCo, Inc. (NASDAQ:PEP), becoming its largest stakeholder. In addition to this, 65 hedge funds in Insider Monkey’s database reported owning stakes in the beverage company in Q2, up from 62 in the previous quarter. These stakes are collectively valued at over $5.28 billion.

ClearBridge Investments mentioned PepsiCo, Inc. (NASDAQ:PEP) in its Q2 2022 investor letter. Here is what the firm has to say:

“Also in the stable and predictable cash flow camp, though with a very different business model, global food and beverage company PepsiCo (NYSE:PEP) reported very strong organic growth in the first quarter, driven by healthy price/mix, and raised revenue guidance, while holding EPS guidance. Notably, its beverage business showed expanding margins.”