The 5 Best Large-cap Stocks to Buy According to Ray Dalio

Below you can find the list of the 5 best large-cap stocks to buy according to Ray Dalio. For a comprehensive list see the 10 best large-cap stocks to buy according to Ray Dalio.

5. Coca-Cola Company (NYSE: KO)

The food and beverage company Coca-Cola (NYSE: KO) is a newcomer in Ray Dalio’s portfolio. The hedge fund has bought more than 2 million shares of Coca-Cola during the September quarter valued at $100 million. The investment represents 1.21% of the portfolio.  

Like Johnson & Johnson and PepsiCo, Coca-Cola Company is one of the best stocks to buy for the long-term. This is because of extensive dividend growth history spanning around 58 years. Its strong brand reputation along with extensive global foot-prints are helping in generating sustainable growth in financial numbers.

The market pundits are applauding the growth prospects of the oldest food and beverage company. Wells Fargo stated: “We see $1.3bn upsides to FY22 Street sales and if KO can track prior margin targets (pro forma for M&A), ~10% potential upside to WFSe/Street FY22E EPS. We view the dividend as manageable with additional capital deployment potential ahead.”