Ray Dalio’s Top 5 Stock Picks in 2023

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

Value of Bridgewater Associates’ 13F Position: $494 million

Number of Hedge Fund Shareholders: 62

The Coca-Cola Company (NYSE:KO) is Ray Dalio’s third largest stockholding. The firm raised its stake in the company by 1% during the June quarter to 8.2 million shares. After Warren Buffett’s Berkshire Hathaway, Ray Dalio Bridgewater is the second largest hedge fund investor in the company. Like PepsiCo, Inc. (NASDAQ:PEP), The Coca-Cola Company (NYSE:KO) is also one of the most reliable stocks in the consumer staples sector. The company has raised dividends in the past 60 consecutive years. In the latest quarter, it exceeded analysts revenue and earnings expectations and the company raised its full-year adjusted organic revenue growth guidance to 9% from 8.4% consensus.

According to Insider Monkey’s database, 62 hedge funds held stakes in The Coca-Cola Company (NYSE:KO) as of the end of Q2 2023.