#6 - McDonald’s (NYSE:MCD)
McDonald’s Corp. (NYSE: MCD) stock is surprisingly up more than 14% after the company delivered a poor earnings report. The headline numbers were bad enough, but the company missed on same-store sales for the first time since 2020. And you’d have to go back much further than that to find the last time that happened before a global pandemic.
That just shows you how far MCD stock had sold off before the earnings report. And with many investors looking for safety, McDonald’s is a solid choice. While company’s dividend yield of 2.29% may not turn heads, it has a 48-year streak of increasing that dividend, which makes it about as safe as you can get.
When companies like McDonald’s say they are noticing weakening consumer demand, it’s not something to ignore. At the same time, before 2020, McDonald’s was investing in digital technology, including AI, to improve efficiency in its stores. That may start to be reflected in the company’s earnings as the economy improves.
About McDonald's
McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.
Read More - Current Price
- $299.35
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 19 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $306.11 (2.3% Upside)
