Consumer Staples Stocks To Buy According To Billionaire Ray Dalio


Ray Dalio is a well-known hedge fund manager in the financial industry. Bridgewater Associates, a hedge fund based in Connecticut, was created by him. Pension funds, endowments, foundations, foreign governments, and central banks are among the company’s clientele. To create returns for investors, the fund employs both active and passively managed strategies. Ray Dalio’s investment portfolio is valued at $17.20 billion, with a focus on consumer discretionary, finance, and healthcare.

Insider Monkey selected the top consumer staples stocks owned by billionaire Ray Dalio. Colgate-Palmolive Company is a multinational consumer staples manufacturer and marketer based in New York. The corporation has launched a fresh $5 billion share repurchase program. The Estée Lauder Companies Inc. is a global manufacturer and marketer of skin care, cosmetics, fragrance, and hair care products. It was founded in 1946 and is based in New York. Over the years, Bridgewater Associates has been inconsistent in its investment in the company. Target Corporation is a retailer that sells groceries, clothes, home goods, electronics, food, and other necessities. Ray Dalio’s hedge fund has more than 1 million Target Corporation shares worth $242.73 million. In Q4 2021, the billionaire increased his investment in Target Corporation by 10%. Bridgewater Associates holds 2.56 million Starbucks Corporation shares worth $299.5 million, or 1.74 percent of the company’s total portfolio. By 2030, the corporation hopes to have 55,000 licensed stores spread across 100 markets. Walmart Inc. issued a $0.56 per share quarterly dividend on February 17. The dividend is payable on April 4 to shareholders of record on March 18 and has a forward yield of 1.68 percent. Ray Dalio is the owner of 2.8 million shares worth $410 million. For more details, click 10 Consumer Staples Stocks To Buy According To Billionaire Ray Dalio.