5 Most Profitable Food Stocks

3. McDonald’s Corporation (NYSE:MCD)

Latest TTM Net Worth: $8.33 billion

Number of Hedge Fund Holders: 70

Established in 1940 by Richard and Maurice McDonald, McDonald’s Corporation (NYSE:MCD) is a U.S.-based multinational fast-food chain. The company experienced a significant 5% increase in systemwide sales in 2022 compared to the previous year, showcasing an impressive 10.9% year-over-year growth in global comparable sales. In October, the company raised its quarterly dividend to $1.67 per share, marking a 10% increase. McDonald’s Corporation (NYSE:MCD) is on track to achieve Dividend King status in three years, maintaining an outstanding streak of dividend growth spanning 47 years. As of December 20, the stock boasts a dividend yield of 2.31%.

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