5 Best Dividend Aristocrats to Buy According to Hedge Funds

4. McDonald’s Corporation (NYSE: MCD)

Number of Hedge Fund Holders: 67
Number of Years of Consecutive Dividend Increases: 45
Dividend Yield: 2.2%

McDonald’s Corporation (NYSE: MCD) is a leading food retailer operating in the US and globally through its McDonald’s franchises. The company is based in Chicago and ranks 4th on our list of the best dividend aristocrats to buy according to hedge funds.

Dennis Geiger, an analyst at UBS, retained his Buy rating and $260 price target on McDonald’s Corporation (NYSE: MCD) shares this July. Geiger commented in a research note that the company’s shares have even more upside in the foreseeable future.

In the first quarter of 2021, McDonald’s Corporation (NYSE: MCD) had an EPS of $1.92, beating estimates by $0.10. The company’s revenue was $5.12 billion, up 8.7% year over year and also beating estimates by $89.33 million. McDonald’s Corporation (NYSE: MCD) has gained about 11.87% in the past 6 months and 13.53% year to date as well.

By the end of the first quarter of 2021, 67 hedge funds out of the 866 tracked by Insider Monkey held stakes in McDonald’s Corporation (NYSE: MCD) worth roughly $3.78 billion. This is compared to 62 hedge funds in the previous quarter with stakes worth approximately $2.88 billion.