5 Best Dividend Aristocrat Stocks To Buy Heading Into Recession

1. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 57

Dividend Yield as of May 6: 2.20%

Number of Years of Consecutive Dividend Increases: 43

McDonald’s Corporation (NYSE:MCD) is an American multinational fast food company that operates and franchises McDonald’s restaurants in the United States and internationally. The corporation also has a strong foothold in the real estate industry. McDonald’s Corporation (NYSE:MCD) has a solid history of consistent dividend increases for 43 years. 

McDonald’s Corporation (NYSE:MCD) declared on January 20 a $1.38 per share quarterly dividend, in line with previous. The dividend was distributed to shareholders on March 15. McDonald’s Corporation (NYSE:MCD)’s dividend yield on May 6 stood at 2.20%. 

On April 28, McDonald’s Corporation (NYSE:MCD) reported its financial results for the first fiscal quarter of 2022. The company announced earnings per share of $2.28, beating estimates by $0.11. Revenue for the year grew 10.56% year-over-year to $5.67 billion, topping market consensus by $94.35 million. 

JPMorgan analyst John Ivankoe on May 3 maintained an Overweight rating on McDonald’s Corporation (NYSE:MCD) and raised the firm’s price target on the shares to $275 from $260 after the Q1 results. The analyst said that McDonald’s Corporation (NYSE:MCD)’s “offers relative sanctuary” in an “unstable world.”

According to Insider Monkey’s Q4 data, 57 hedge funds were long McDonald’s Corporation (NYSE:MCD), with collective stakes valued at $2.24 billion. Jim Simons’ Renaissance Technologies is the biggest shareholder of the company, with 1.75 million shares worth $470.45 million. 

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