10 Best Coffee Stocks To Buy According to Hedge Funds

3. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 60

The multinational fast food chain McDonald’s Corporation (NYSE:MCD) introduced the world’s first McCafé in Melbourne, Australia in 1993. McCafé coffees including lattes, cappuccinos, and mochas were added to the US national menu in 2009. It then rapidly expanded to include blended ice frappés and smoothies, triple-thick shakes as well as limited-time seasonal offerings.

McDonald’s Corporation (NYSE:MCD) has a dominant coffee business as the chain sells almost 8 million cups a day. In 2023, the firm announced that it is piloting a new cafe concept, CosMc’s, which would be selling indulgent, highly customizable caffeinated beverages with some food. With the sales of specialty coffee at quick-service restaurants rising and coffee shops being a growing category in the US, MCD’s move made sense as it could sell customizable coffee drinks without slowing down kitchens and service times.

Recent news from the firm’s coffee business is that it has temporarily stopped selling espresso drinks at some US locations as a result of the espresso machine making its fancy McCafé drinks temporarily disabled due to a safety issue. While the fastfood chain told CNN that iced and hot brewed coffee have not been affected and remain available for sale, customers of espresso-based drinks including macchiatos and Americanos suffer while the firm determines the scope of the issue.