Hedge Funds Are Betting Big on These Restaurant Stocks

#1 McDonald’s Corporation (NYSE:MCD)

– Number of Hedge Fund Holders (as of September 30): 75
– Total Value of Hedge Fund Holdings (as of September 30): $6.11 billion
– Hedge Fund Holdings as Percent of Float (as of September 30): 6.60%

After being written off as a has-been, McDonald’s Corporation (NYSE:MCD) is back and shareholders are lovin’ it. Shares of the golden arches chain are up 28% year-to-date as CEO Steve Easterbrook’s asset light plan to increase return on capital and same store sales begins to work. The company’s re-franchising has helped McDonald’s increase its global comparable-store sales 4% year-over-year in the third quarter and has made investors more confident in the company’s future. Given McDonald’s current trajectory, its dividend yield of 3.06% is safe.

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