5 Best Restaurant Stocks To Buy Today

2. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 50

McDonald’s Corporation (NYSE:MCD) is a Chicago, Illinois-based operator of fast food chain restaurants. The company claims to serve 69 million customers daily and has a presence in more than 100 countries through its 40,000 locations.

On October 28, Christopher Carril at RBC Capital increased the price target on McDonald’s Corporation (NYSE:MCD) from $275 to $295 and reiterated an Outperform rating on the stock. The analyst thinks that the company’s Q3 2022 earnings beat highlights both the offensive and defensive qualities of the stock during these uncertain economic times. McDonald’s Corporation (NYSE:MCD) has been attracting investor attention as one of the best restaurant stocks in the market.

Analysts think the US business of McDonald’s Corporation (NYSE:MCD) is less dependent on unit growth and should face tailwinds due to an environment that is focused on promotions. McDonald’s Corporation (NYSE:MCD) offers a dividend yield of 2.23% as of October 31. Since 1976, McDonald’s Corporation (NYSE:MCD) has boosted its dividends every year, reflecting 46 years of consecutive dividend growth.

As of Q2 2022, McDonald’s Corporation (NYSE:MCD) was held by 50 hedge funds.