5 Best Consumer Discretionary Stocks To Buy

In this article, we discuss 5 best consumer discretionary stocks to buy. If you want to see more stocks in this selection, check out 13 Best Consumer Discretionary Stocks To Buy. 

5. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 57

McDonald’s Corporation (NYSE:MCD) operates and franchises McDonald’s restaurants in the United States and internationally. It is one of the best consumer discretionary stocks. McDonald’s Corporation (NYSE:MCD) paid a $1.52 per share quarterly dividend to shareholders on March 15, in line with previous. It is one of the most reliable dividend stocks to invest in, with 46 years of consecutive dividend increases under its belt. 

According to Tigress Financial analyst Ivan Feinseth, McDonald’s Corporation (NYSE:MCD) has further potential for growth and thus the analyst increased his price target on the stock from $320 to $330 while maintaining a Buy rating on March 8. Feinseth believes that McDonald’s “Accelerating the Arches” strategy has been driving the company’s growth and will continue to do so. Tigress Financial also commented on McDonald’s Corporation (NYSE:MCD)’s resilient business model, which has consistently delivered strong performance in all economic cycles. The firm’s price target, in combination with dividends, could lead to a total return of over 25% from current levels.

According to Insider Monkey’s Q4 data, 57 hedge funds were bullish on McDonald’s Corporation (NYSE:MCD), compared to 53 funds in the earlier quarter. Ray Dalio’s Bridgewater Associates is a prominent stakeholder of the company, with 1.5 million shares worth $416 million.