#9 - McDonald’s (NYSE:MCD)
McDonald’s (MCD) Will people really eat less fast food because of the coronavirus? That’s the question you have to consider if you’re going to overlook McDonald’s (NYSE:MCD) stock. The company was enjoying a nice gain of nearly 10% for the year before the market correction.
But when something like the coronavirus hits, it may very well turn out to be a validation of the company’s transition to partnering with food delivery apps. While I’ve tended to be a skeptic of having McDonald’s conveniently delivered, the momentum speaks for itself. Is this really safer? Who knows, but perception is reality.
To be fair, prior to the market correction, there were probably some other restaurant stocks that may be better than MCD. And over the long run, those may still turn out to be better. But as an investor, trading in the here and now, the safety and virtual guarantee of the company’s dividend is too good to ignore.
MCD stock has a dividend yield of 2.62% and pays out an annual dividend of $5.00 per share. The company has posted annual dividend growth of 9.62% over the last three years and has 43 years of consecutive dividend growth.
About McDonald's
McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.
More about McDonald's- Current Price
- $310.82
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $322.87 (3.9% Upside)
