BMO Capital is Talking About These 3 Restaurant Stocks

1. McDonald’s Corporation (NYSE:MCD)

Number of Hedge Fund Holders: 50

McDonald’s Corporation (NYSE:MCD) is one of the world’s largest fast-food restaurant chains in the world. On August 17, Andrew Strelzik assigned a Buy rating to McDonald’s Corporation (NYSE:MCD) and raised his price target on the stock to $300 from $285. He believes in a more decisive performance by the restaurant in Europe in the future.

Despite the economic headwinds, McDonald’s Corporation (NYSE:MCD) has managed to grow at a steady pace. On September 19, when the S&P 500 was down about 20% YTD, the company was up by 15%. Furthermore, from 2018 to 2021, the company managed to grow its revenues at a CAGR of 2% and gross profit at 8%. In addition, in the last decade, McDonald’s Corporation (NYSE:MCD)’s net profit margin has averaged above 25%, while the gross profit margin has stood at 55.3% LTM, compared to the 36% sector median.

According to our database, 50 hedge funds held bullish positions in McDonald’s Corporation (NYSE:MCD), with Bridgewater Associates being the most prominent shareholder. The firm held over 2 million company shares, worth $511.43 million.

You can also take a peek at 10 Best Wine Stocks To Buy Now and 10 Best Sugar Stocks To Buy.

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