Ray Dalio’s Bridgewater Associates Portfolio: Top 5 Dividend Stocks

3. The Coca-Cola Company (NYSE:KO)

Bridgewater Associates’ Stake Value: $680,734,000

A Georgia-based multinational beverage company, The Coca-Cola Company (NYSE:KO) maintains one of the longest dividend growth track records, growing its dividends consistently for the past 60 years. It currently pays a quarterly dividend of $0.44 per share, with a dividend yield of 2.81%, as of August 29.

In Q2 2022, Bridgewater Associates owned over 10.8 million shares in The Coca-Cola Company (NYSE:KO), reducing its position by 10%. The hedge fund owned total stakes worth over $680.7 million, which accounted for 2.88% of its portfolio.

As of the close of Q2 2022, 60 hedge funds tracked by Insider Monkey owned stakes in The Coca-Cola Company (NYSE:KO), compared with 64 in the previous quarter. These stakes hold a total value of over $28.3 billion.

ClearBridge Investments mentioned The Coca-Cola Company (NYSE:KO) in its Q4 2021 investor letter. Here is what the firm had to say:

“Over the last year, we have repositioned our portfolio to navigate the course we see ahead. We added to more defensive areas of the portfolio like consumer staples (Coca-Cola). While the next month or two will likely prove choppy on account of the Omicron variant, we believe that Omicron, like Delta, represents a speed bump on the way to recovery rather than a true change in course. We see strong economic momentum continuing in 2022 and we expect interest rates to rise. After a decade of remarkably low rates, we would not be surprised if this change in direction is accompanied by some fits and starts in the markets. With our emphasis on pricing power, purposeful sector exposure, valuation discipline, and a strong dividend profile, we believe we are well-positioned for the year ahead.”