Bill Gates Portfolio: Top 5 Dividend Stock Picks

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

Dividend Yield as of August 25: 4.05%
Bill Gates’ Stake Value: $343,550,000

A Mexican multinational beverage company, Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) pays a quarterly dividend of Ps 0.67875 per share, with a dividend yield of 4.05%.

Bill & Melinda Gates Foundation has been investing in the company since 2012. In Q2 2022, the hedge fund did not change its position in the company, owning stakes worth over $343.5 million. The company accounted for 1.94% of the hedge fund’s portfolio.

In July, Barclays lifted its price target on Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) to $65 with an Overweight rating on the shares, appreciating the company’s continued volume momentum in Q2.

As of the close of Q2 2022, 6 hedge funds in Insider Monkey’s database owned stakes in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF), up from 5 in the previous quarter. The collective value of these stakes is over $460.8 million.

You can also take a look at 10 High Dividend Stocks to Shore Up Your Cash Position Before Recession Begins and 10 Dividend Stocks to Buy According to Steve Cohen’s Point72 Asset Management

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