5 Boring Stocks That Make Money

4. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 66

Dividend Yield: 2.26%

Trailing P/E: 26.58

Forward P/E: 24.67

Fast-food giant McDonald’s Corporation (NYSE:MCD) is fourth on the list of 10 boring stocks that make money. McDonald’s Corporation (NYSE:MCD) was founded in Chicago in 1940 and has now expanded to 40,000 locations in 119 countries across the world. In the last 44 years, the iconic restaurant stock has grown its dividends and now pays $5.52 per share to its owners. McDonald’s Corporation (NYSE:MCD) has a payout ratio of 55.71%.

On July 29, Truist analyst Jake Bartlett kept a Buy rating on McDonald’s Corporation (NYSE:MCD) and increased his price target for the stock to $266 from $255 following its solid Q2 earnings. 

Shares of McDonald’s Corporation (NYSE:MCD) jumped 0.9% on September 16 as the fast-food chain announced the launch of the temporary selling of its plant-based McPlant sandwich across the Netherlands. Starting September 29, the plant-based McPlant burger will be available at ten restaurants across the United Kingdom and Ireland, followed by 250 additional locations on October 13. Beyond Meat, Inc. (NASDAQ:BYND) is McPlant’s vegan burger patty supplier.

In the second quarter of 2021, McDonald’s Corporation (NYSE:MCD) reported an EPS of $2.37, beating estimates by $0.25. The company’s revenue in the second quarter grew 57% year over year to $5.89 billion and beat revenue estimates by $319.3 million. The stock has gained 15.63%, year to date.

At the end of the second quarter of 2021, 66 hedge funds in the database of Insider Monkey held stakes worth $2.71 billion in McDonald’s Corporation (NYSE:MCD), down from 67 in the previous quarter worth $3.78 billion.