5 Best Coffee Stocks to Invest In

2. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 50     

McDonald’s Corporation (NYSE:MCD) operates and franchises McDonald’s restaurants in the United States and internationally. The company is one of the most prominent coffee stocks to invest in. On September 13, the company announced that it had reached a 15-year virtual power purchase agreement with EDF Renewables North America in a bid to address the electricity carbon footprint. Under the deal, the firm will purchase power from the 255 MWac / 332 MWdc Apollo Solar project. 

On September 7, Piper Sandler analyst Nicole Miller Regan maintained an Overweight rating on McDonald’s Corporation (NYSE:MCD) stock and raised the price target to $270 from $263, noting the August comps for the firm were 5%, up 100 basis points sequentially. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Bridgewater Associates is a leading shareholder in McDonald’s Corporation (NYSE:MCD), with 2 million shares worth more than $511 million.