5 Best Restaurant Stocks to Invest In

1. McDonald’s Corporation (NYSE: MCD)

Number of Hedge Fund Holders: 67

McDonald’s Corporation (NYSE: MCD) is an American fast-food company headquartered in Chicago. The company started as a small drive-in facility and is now operating in over 120 countries. Founded in 1940, it serves over 63 million customers daily. Recently, McDonald’s Corporation (NYSE: MCD) has launched its loyalty program which would improve the sales and profits of the chain.

In Q1 2021, McDonald’s Corporation (NYSE: MCD) reported a net income of $1.5 billion, up from $1.1 billion during the same period last year. The EPS for the quarter stood at $1.92, beating the market estimate of $1.81. The consolidated revenue was recorded at $5.1 billion, $1.5 billion of which was generated by the digital segment. In the first quarter, global comparable sales grew by 7.5% in all segments, passing the 2019 levels.

Sales from the franchised restaurants jumped 10% at $2.87 billion. The company aims to maximize its marketing by strengthening its digital, drive-thru, and delivery services for a faster customer experience. The MCD stock has delivered a 27.01% return in the past year. Recently, Wells Fargo raised its price target on MCD stock and maintained an ‘Outperform’ rating.

At the end of Q1 2021, 67 hedge funds tracked by Insider Monkey have positions in McDonald’s Corporation (NYSE: MCD), up from 62 in the previous quarter. Southport Management is the biggest shareholder of the company with shares worth $672.4 million.

You can also take a look at 10 Best Hotel Stocks To Buy Now and 10 Biggest Fast Food Chains in the World.

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