5 Best Fast Food Stocks to Buy Now

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 world. It is one of the elite fast food stocks to invest in. On October 19, McDonald’s recently released limited edition adult Happy Meal toys that were sold on the secondary markets for as much as $300,000. The sellers listed a total of 3 unopened toys. On October 19, McDonald’s stated that it is partnering with Krispy Kreme Donuts to offer Krispy’s donuts at nine locations.

On October 19, Credit Suisse analyst Lauren Silberman maintained an Outperform rating on McDonald’s Corporation (NYSE:MCD) stock and lowered the price target to $272 from $287, highlighting that the company’s strength continued in Q3 and overall sentiment remains positive broadly. 

At the end of the second quarter of 2022, 50 hedge funds in the database of Insider Monkey held stakes worth $2.3 billion in McDonald’s Corporation (NYSE:MCD), compared to 58 in the previous quarter worth $2.7 billion.