5 Best Fast Food Stocks to Buy Now

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1. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 66

McDonald’s Corporation (NYSE:MCD) was one of the very first fast-food chains to rebound from the pandemic, with sales surpassing pre-pandemic levels. On September 27, the fast-food chain announced to increase its dividend by 7% at $1.38 per share, yielding 2.23%.

Recently, Wells Fargo lifted its price target on McDonald’s Corporation (NYSE:MCD) to $274, with an Overweight rating on the shares, ahead of the company’s Q3 results. In 2021, the stock gained 12.9%.

Arrowstreet Capital was the largest shareholder of McDonald’s Corporation (NYSE:MCD) in Q2, owning over 2.1 million shares. In addition, 66 hedge funds tracked by Insider Monkey have stakes in the company in Q2, compared with 67 in the previous quarter. The total value of these stakes is over $2.7 billion.

You can also take a look at 10 Best Restaurant Stocks To Buy and Top 10 Restaurant Stocks Under $10.

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