Mondelez International Inc (MDLZ), PepsiCo, Inc. (PEP) ~ Billionaires Are Eating Up These Food Stocks

McDonald’s Corporation (NYSE:MCD) was the third most popular food stock among billionaires, as 12 of them held $2.50 billion worth of the company’s stock at the end of the first quarter, up from 10 billionaires with $2.27 billion a quarter earlier. Ken Griffin increased his exposure to McDonald’s Corporation (NYSE:MCD) by 45% during the first quarter to 3.35 million shares valued at $326.34 million. McDonald’s Corporation (NYSE:MCD) has transformed into an ailing fast-food retailer that hasn’t seen same-store sales growth since the first quarter of 2014. The company’s new CEO, Steve Easterbrook has various items on his agenda to breathe some life into the company. The latest one of these is McDonald’s Corporation (NYSE:MCD)’s ‘Ask, Ask, Tell ‘ initiative, whereby the fast-food chain will verify the correct order from drive-thru customers at three separate times. The extra time for this comes at the expense of up-selling, whereby customers were encouraged to buy additional food items.

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