#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 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
- $292.68
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $320.65 (9.6% Upside)
