5 Best Dividend Champions to Buy Now

1. McDonald’s Corporation (NYSE: MCD)

Number of Hedge Fund Holders: 67
Dividend Yield: 2.19%
Consecutive Years of Dividend Growth: 46

McDonald’s Corporation (NYSE: MCD) is a food and beverage company operating franchises under the McDonald’s brand in the US and internationally. The company ranks 1st on our list of dividend champions to buy now.

This June, Tigress Financial reiterated its Buy rating on McDonald’s Corporation (NYSE: MCD) with a 12-month target price of $271. The firm’s analyst Ivan Feinseth commented that the company will benefit during the post-pandemic recovery period as people return to work and begin eating out again. In the same month, Wells Fargo raised its price target on McDonald’s Corporation (NYSE: MCD) to $268 with an Overweight rating as well.

In the first quarter of 2021, McDonald’s Corporation (NYSE: MCD) had an EPS of $1.92, beating estimates by $0.10. The company’s revenue was $5.12 billion, up 8.70% year over year and beating estimates by $89.33 million. McDonald’s Corporation (NYSE: MCD) has a gross profit margin of 51.37% and has gained 11.38% in the past 6 months and 12.11% year to date as well.

By the end of the first quarter of 2021, 67 hedge funds out of the 866 tracked by Insider Monkey held stakes in McDonald’s Corporation (NYSE: MCD). The total value of their stakes was roughly $3.78 billion. This is compared to 62 hedge funds in the previous quarter with a total stake value of approximately $2.88 billion.

You can also take a peek at 14 Best European Dividend Stocks To Buy and 10 Best Technology Stocks That Pay Dividends.

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