5 Best Hard Landing Stocks to Buy Now

4. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 58

McDonald’s Corporation (NYSE:MCD) is one of the best hard landing stocks to consider. During a recession, people gravitate towards cheap value meals provided by companies like McDonald’s Corporation (NYSE:MCD), giving the stock a boost even amid hard economic conditions. In June, surveys with franchisees by investment advisory BTIG indicated strength in sales despite the macro headwinds. 

On June 29, Atlantic Equities analyst Edward Lewis upgraded McDonald’s Corporation (NYSE:MCD) to Overweight from Neutral with a price target of $278, up from $245. The quick service restaurant model has been resilient during economic headwinds and McDonald’s Corporation (NYSE:MCD) operates a solid business with massive experience in managing through such challenging times, the analyst observed. The positive changes McDonald’s Corporation (NYSE:MCD) has been making as it transitions into primarily a franchise business are “adding to the company’s appeal”, the analyst told investors. 

According to Insider Monkey’s Q1 database, 58 hedge funds reported owning stakes in McDonald’s Corporation (NYSE:MCD), up from 57 funds in the prior quarter. Ray Dalio’s Bridgewater Associates held a prominent position in the company, with 2.30 million shares worth $571 million.