11 Best Ice Cream Stocks to Invest In 2024

2. McDonald’s Corporation (NYSE:MCD)           

Number of Hedge Fund Investors’ holdings: 63

McDonald’s, as most people might already know, is a fast-food giant, based in the U.S., having franchises in over 100 countries.

The stock has seen a fall of 1.6% in the last one year, amidst the Israel-Gaza conflict, and it has seen a fall of 11%, currently trading at $251.6, as of 13^th June 2024. And this is the “buy” time for this stock, as the analysts, along with many others eye the price target of this stock at a whopping $310.38; analysts have set the target price at $311.5! Once this Israel-Gaza conflict eases out in the eyes of consumers, who are currently boycotting McDonald’s products, the share price is expected to inevitably rise, which might be the reason why analysts are positive about the stock.

As of Q1, 2024, 63 hedge funds have a stake in the stock, carrying a combined value of $2.3 billion! Citadel Investment Group and Bridgewater Associates are the biggest hedge fund investors in the stock, with investments of $665 million and $343.4 million, respectively.