5 Consumer Staples Stocks To Buy According To Billionaire Ray Dalio

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1. The Procter & Gamble Company (NYSE:PG)

Bridgewater Associates’ Stake Value: $848,840,000

Percentage of Bridgewater Associates’ 13F Portfolio: 4.93%

Number of Hedge Fund Holders: 67

The Procter & Gamble Company (NYSE:PG) is a manufacturer of branded consumer packaged goods, operating in the beauty, grooming, healthcare, fabric and home care, and family care segments. In Q4 2021, Ray Dalio increased his The Procter & Gamble Company (NYSE:PG) stake by 11%, holding more than 5 million shares worth $848.8 million.

On March 8, The Procter & Gamble Company (NYSE:PG) announced the suspension of all new capital investments in Russia and “significantly reducing” its portfolio to focus on basic hygiene, health, and personal care items. Institutional shareholders have advised the company to pause its operations in Russia entirely amid sanctions. 

Deutsche Bank analyst Steve Powers on March 16 lowered the price target on The Procter & Gamble Company (NYSE:PG) to $173 from $179 and kept a Buy rating on the shares. The analyst noted that the management was confident, but he also cited near-term volatility and recently emerging headwinds, which led to the slashed price target. 

In Q4 2021, 67 hedge funds reported owning stakes in The Procter & Gamble Company (NYSE:PG), valued at $66 billion, compared to 69 funds in the earlier quarter, holding stakes in The Procter & Gamble Company (NYSE:PG) worth $64 billion. GQG Partners is the leading shareholder of the company, with 7.5 million shares worth $1.2 billion. 

You can also take a look at 10 Dividend Stocks Redditors Buy for Early Retirement and 10 Dividend Stocks Warren Buffett is Backing in 2022

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