10 Best Food Stocks to Buy According to Billionaires

5. McDonald’s Corporation (NYSE:MCD)

Total Number of Billionaires: 14 

Dollar Value of Billionaire Holdings: $830,620,361 

McDonald’s Corporation (NYSE:MCD) is a fast food chain with over 40,000 locations in over 100 countries. The firm’s operations are separated into three segments: International Operated Markets, International Developmental Licensed Markets & Corporate, and the United States. The company also operates and franchises restaurants. Lattes, cappuccinos, mochas, blended ice frappés, smoothies, triple-thick shakes, and even seasonal limited-edition drinks are among the coffee alternatives available in its McCafé category.

Since McDonald’s Corporation (NYSE:MCD) has become a global household name, the corporation has a competitive advantage in the market. It has increased its yearly dividend per share for the last 48 years and has paid a dividend since 1976. The corporation is well-positioned to maintain this trend due to its size and market position.

John Ivankoe, a J.P. Morgan analyst, maintained a Buy rating on McDonald’s Corporation (NYSE:MCD) on March 20 and set a $300.00 price target. On March 17, Stephan Lingnau, an analyst with Erste Group, also raised the company’s rating from Hold to Buy, citing its “very high and stable operating margin that is well above that of its competitors.” In the upcoming quarters, the analyst anticipates that the company will have a steady performance and that its stock price will “continue to rise.”