Below is the list of 5 stocks billionaire Ray Dalio is buying. For a comprehensive list and detailed discussion please see Billionaire Ray Dalio is Buying These 10 Stocks.
5. PepsiCo, Inc. (NASDAQ:PEP)
Ray Dalio’s Bridgewater Associates Stake Value: $395 million
Bridgewater Associates 13F Portfolio: 2.54%
Number of Hedge Fund Holders: 66
Ray Dalio’s confidence in consumer staples company PepsiCo, Inc. (NASDAQ:PEP) was recently enhanced as well. Bridgewater Associates increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 49% during the second quarter of 2021, taking its holding to 2.54% of the entire portfolio. PepsiCo, Inc. (NASDAQ:PEP) has a long history of generating returns for investors through dividends. For the past 49 consecutive years, PepsiCo, Inc. (NASDAQ:PEP) has increased its dividend. Currently, it yields around 2.9%.
Recently, the smart money has become more enthusiastic about PepsiCo, Inc. (NASDAQ:PEP). PepsiCo was in 66 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 61 positions in the previous quarter.
4. The Coca-Cola Company (NYSE:KO)
Ray Dalio’s Bridgewater Associates Stake Value: $445 million
Bridgewater Associates 13F Portfolio: 2.86%
Number of Hedge Fund Holders: 62
Due to the straight 59-year history of growing dividends, The Coca-Cola Company (NYSE:KO) is a great stock to hold in a dividend portfolio. At the moment, the company offers a dividend yield of around 3.09% on its quarterly dividend of $0.42 per share. During the second quarter, Ray Dalio’s hedge fund increased its stake in KO by 45% to $445 million worth of shares.
The number of long hedge fund bets has increased by 1 lately. The Coca-Cola Company was in 62 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 61 positions in the previous quarter.
3. Johnson & Johnson (NYSE:JNJ)
Ray Dalio’s Bridgewater Associates Stake Value: $465 million
Bridgewater Associates 13F Portfolio: 2.98%
Number of Hedge Fund Holders: 88
The pharmaceutical giant Johnson & Johnson (NYSE:JNJ) is among the companies that gained Ray Dalio’s confidence during the second quarter as Bridgewater Associates raised its stake in JNJ by 65% to 2.82 million shares. JNJ is considered a dividend king amid its extensive dividend growth history. Its shares are up close to 5% year to date.
Johnson & Johnson saw an increase in smart money confidence. It was in 88 hedge funds’ portfolios at the end of June compared to 81 positions in the previous quarter.
2. The Procter & Gamble Company (NYSE:PG)
Ray Dalio’s Bridgewater Associates Stake Value: $641 million
Bridgewater Associates 13F Portfolio: 4.11%
Number of Hedge Fund Holders: 68
The consumer staples giant Procter & Gamble Company (NYSE:PG) is among the best stocks to buy according to billionaire Ray Dalio. His hedge fund lifted its stake in PG by 47% to $641 million worth of shares at the end of the second quarter, accounting for 4.11% of the overall portfolio. The company has also been increasing dividends for 64 years in a row. Its dividend yield currently stands at 2.55%.
The Procter & Gamble Company has experienced a decrease in hedge fund interest in recent months. It was in 68 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 70 positions in the previous quarter.
1. Walmart Inc. (NYSE:WMT)
Ray Dalio’s Bridgewater Associates Stake Value: $736 million
Bridgewater Associates 13F Portfolio: 4.72%
Number of Hedge Fund Holders: 71
Bridgewater Associates lifted its position in Walmart Inc. (NYSE:WMT) by 45% to 736 million worth of shares, making it the largest stock holding of their 13F portfolio. It has a long history of returning cash to shareholders through dividends. Currently, the company offers a quarterly dividend of $0.55 per share, yielding around 1.57%.
Walmart has experienced an increase in hedge fund activity lately. It was in 71 hedge funds’ portfolios at the end of the second quarter compared to 58 positions in the previous quarter.
You can also take a peek at the 10 Best Stocks to Buy According to Billionaire Ken Fisher and 10 Best Stocks to Buy for the Next Ten Years.
