5 Best Ice Cream Stocks To Buy Now

1. 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 best ice cream stocks to invest in. McDonald’s Corporation (NYSE:MCD) recently announced that it had reached a 15-year virtual power purchase agreement with EDF Renewables North America in a bid to address its restaurant electricity carbon footprint. McDonald’s Corporation (NYSE:MCD) has committed to the purchase of clean energy from EDF’s 255 MWac/332 MWdc Apollo Solar project as part of its sustainability goals.

On September 27, Citi analyst Jon Tower kept a Neutral rating on the McDonald’s Corporation (NYSE:MCD) and lowered the target to $246 from $275, stressing that the US same-store sales of the firm would need to beat already strong expectations by a mid-single digit percentage to offset marking to market for currency and even a low-single digit decline in the Europe same-store sales outlook.

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.

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