#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 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
- $293.99
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $320.65 (9.1% Upside)
