#1 - McDonald’s (NYSE:MCD)
McDonald's Corporation (NYSE: MCD) is quickly becoming known as a technology company that happens to make hamburgers. The company was an early adopter of AI and big data analysis to help improve its supply chain management. For example, the company uses AI-driven demand forecasts to reduce waste and ensure timely inventory replenishment.
In 2020, the company launched its Accelerating the Arches growth strategy. This accelerated the company's digital transformation and specifically introduced AI applications that are being seen in features such as automated drive-thrus, which now accounts for about 70% of sales in the company's top markets, and predictive ordering, which use machine learning to predict the menu offerings that are most likely to push sales in its drive-thru business.
While it's impossible to precisely quantify AI's impact on the company's business, shareholders haven't been disappointed. In the last five years, MCD stock has risen by 51.65%. Investors' total returns are even higher when you include the company's dividend, which has a 2.36% yield, pays out $6.68 per share annually, and has been increasing for 48 consecutive 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
- $297.31
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $323.61 (8.8% Upside)
