#3 - McDonald’s (NYSE:MCD)
McDonald's Corporation (NYSE: MCD) delivered about 10% growth in 2023. But that was still lower than the broader market. Certainly, concerns about weight loss drugs was one reason. Also, many investors are concerned about the company's growth.
Being a leader in a category is one thing, but innovation is another. McDonald's is responding to that, in part, with its launch of CosMc's cafes, which feature an expanded line of beverages that you can't find at a traditional McDonald's and a limited food menu.
An added benefit of owning McDonald's stock is that it gives you indirect exposure to the technology sector. McDonald's has been incorporating features such as artificial intelligence into its technology for many years.
McDonald's is projecting earnings growth of over 6% in 2024, but analysts are bidding the stock higher by 10%, and that's on top of the company's dividend, which has a yield of over 2% and one that the company has been increasing for each of the last 48 years.
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
- $313.57
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $323.61 (3.2% Upside)
