#4 - McDonald’s (NYSE:MCD)
The last of the consumer staples stocks we’re recommending is McDonald’s (NYSE:MCD). Investors in MCD stock are truly benefiting from a stock that delivers the best of both worlds. In the last 12 months, the stock is up 23% and that’s despite the fact that, in many locations, the company is still limited to drive-through traffic only.
However, the key takeaway is that the company continues to grow earnings and revenue on both a YOY and a year-over-two-year span. And while MarketBeat’s Thomas Hughes points out that the pace of that growth may be slowing, its full-year YOY revenue growth projections are larger than some of its competitors make all year.
That means the company is managing to seamlessly pass along any cost increases and, for the time being, overcoming any supply chain challenges. Add in a tasty dividend that the company has grown for 46 consecutive years and you have a stock that should be on every investor’s shopping list in 2022.
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
- $312.29
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $322.87 (3.4% Upside)
