10 Best Food Stocks To Buy According to Hedge Funds

5. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 60

McDonald’s Corporation (NYSE:MCD) is a global fast-food chain. With a focus on convenience and consistency, it has become a staple in many cultures, serving millions of customers daily. MCD is one of the best food stocks, delivering an over 4% return in the past year.

Despite its popularity, the company remains focused on expanding its operations through strategic initiatives. McDonald’s Corporation (NYSE:MCD) aims to grow its global presence by adding new locations, targeting an annual net unit growth of 4-5% through 2027. This strategy is expected to increase the number of McDonald’s stores to 50,000 worldwide, addressing rising customer demand in both established and emerging markets. Moreover, the company is focusing on menu innovation, especially through the expansion of popular items in the chicken segment and plant-based options.

In addition to its growth focus, McDonald’s Corporation (NYSE:MCD) has shown strong financial resilience even in challenging conditions. According to its latest earnings report, revenue grew by 3% year-over-year. The company also declared a 6% increase in dividends to $1.77 per share. These results were achieved despite facing inflationary pressures during the quarter.