5 Best Consumer Discretionary Dividend Stocks To Buy Now

2. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 57

McDonald’s Corporation (NYSE:MCD)’s is one of the best consumer discretionary dividend stocks. McDonald’s Corporation (NYSE:MCD) has over 45 years of consistent dividend increases under its belt. McDonald’s Corporation (NYSE:MCD) has weathered several market ups and downs and has the ability to withstand the current economic turmoil.

During the fourth quarter, McDonald’s Corporation (NYSE:MCD)’s adjusted EPS came in at $2.59, beating estimates by $0.13. Revenue in the period fell 1.2% on a YoY basis to reach $5.93 billion, beating estimates by $180 million.

At the end of the fourth quarter of 2022, 57 hedge funds tracked by Insider Monkey reported having stakes in McDonald’s Corporation (NYSE:MCD). The biggest stakeholder of McDonald’s Corporation (NYSE:MCD) is Ray Dalio’s Bridgewater Associates which owns a $416 million stake in the company.