5 Best Stocks to Buy for Investment

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In this piece, we will take a look at the 5 best stocks to buy for investment. If you’d like to go through our overview of investing and some recent financial news, then take a look at the 11 Best Stocks to Buy for Investment.

5. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 70

Beta Value: 0.70

Founded in 1940 by Richard and Maurice McDonald, McDonald’s Corporation (NYSE:MCD) stands as a U.S.-based multinational fast-food chain. The company witnessed a notable 5% surge in systemwide sales in 2022 compared to the previous year, with an impressive 10.9% year-over-year growth in global comparable sales. The company recently increased its quarterly dividend to $1.67 per share, marking a 10% rise in October. With this increment, McDonald’s Corporation (NYSE:MCD) is just three years shy from achieving Dividend King status, maintaining a remarkable streak of dividend growth spanning 47 years. As of November 28, the stock boasts a dividend yield of 2.37%.

In Q3 2023, the number of hedge funds tracked by Insider Monkey with stakes in McDonald’s Corporation (NYSE:MCD) increased to 70, up from 68 in the previous quarter. The collective value of these stakes exceeds $2.5 billion.

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