Top 5 Restaurant Stocks to Buy Now

2. McDonald’s Corporation (NYSE:MCD)

A major new stock pick of billionaire Ray Dalio, McDonald’s Corporation (NYSE:MCD) was owned by 65 hedge funds at the end of Q3, a 14% jump from a quarter earlier. Nonetheless, it remains well below its all-time ownership heights of several years ago, when McDonald’s was a frequent contender as one of the top 30 stocks among hedge funds.

McDonald’s appears to be in the midst of a strong Q4 in terms of same store sales growth, which has been attributed to the company’s rollout of new baked goods, as well as the return of the McRib. Those menu additions are just a sampling of the initiatives that McDonald’s has undertaken recently as part of its new growth strategy, which also includes digital, delivery, and loyalty upgrades, as well as more effective marketing.