#5 - McDonald’s (NYSE:MCD)
If there is a recession, someone forgot to tell McDonald’s Corporation (NYSE: MCD). The restaurant chain is facing tough comps with 2021 and is holding its own on the top and bottom lines. Even before the pandemic, McDonald’s pivoted to a digital and mobile-facing ordering model.
That appears to be paying off for McDonald’s and investors in MCD stock. Since the pandemic began, the stock price has nearly doubled. And amid a broad market sell-off, McDonald’s stock is up over 4% for the year.
Analysts are projecting the company to average single-digit earnings growth of approximately 7% for the next five years. That kind of earnings growth should be enough to raise the stock price as investors will continue to look for a safe place to invest their capital. And that goes along with owning shares of a dividend aristocrat that has a yield of 2.2% and pays out $6.09 on an annualized basis.
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
- $289.42
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 12 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $319.46 (10.4% Upside)
