Bill Gates’ 5 Dividend Stocks

1. Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Bill & Melinda Gates’ Stake Value: $328,945,000
Percent of Bill & Melinda Gates’ 13F Portfolio: 1.37%
Number of Hedge Fund Holders: 9
Dividend Yield: 4.53%

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) tops our list of Bill Gates’ 10 dividend stocks. It is a Mexican multinational beverage company and a subsidiary of FEMSA, which operates the Coca-Cola bottling group. 

As of Q2 2021, Gates Foundation holds 6.2 million shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF), valued at nearly 329 million. The company accounts for 1.37% of the hedge fund’s 13F portfolio. In August, Goldman Sachs initiated its coverage on Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) with a ‘Buy’ rating and a $70 price target. In Q2 2021, the company reported revenue of Ps. 47.7 billion, up 10.9% from the prior-year quarter. Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) pays an annual dividend of $2.46 per share, yielding 4.53%. The company has increased its dividend by 23.7% in the past three years. Since the beginning of the year, Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) delivered an 18.8% return to shareholders, while its 12-month returns stood at 27.06%. 

As of Q2 2021, 9 hedge funds tracked by Insider Monkey have positions in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF), compared with 10 in the previous quarter. The total value of these stakes is $461.9 million. 

You can also take a look at Bill Gates’ Top 10 High Dividend Stocks and Will Bill Gates’ Divorce Affect These Stocks?

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