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Here's Why McDonald's (MCD) is a Strong Growth Stock
ZACKS· 2024-07-11 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...
McDonald's: The Big McPullback Is A Chance To Buy This Upcoming 'Dividend King'
Seeking Alpha· 2024-07-11 03:26
Core Viewpoint - The recent decline in McDonald's stock presents a buying opportunity for both long-term and short-term investors, as the stock has retraced to a significant support level that previously marked a bottom [2][3]. Stock Performance and Technical Analysis - McDonald's stock reached a low of approximately $245 per share in October 2023, rallied to over $300 in early 2024, and has since returned to around $246, indicating a potential bullish double-bottom formation [3]. - The $245 level is seen as a strong support point, suggesting that the stock may rebound from this level again [3]. Reasons for Recent Pullback - The stock's recent decline may be attributed to profit-taking after reaching over $300, as well as a slight earnings miss in Q1 2024, where non-GAAP earnings per share were $2.70, missing the consensus estimate of $2.73 [4]. - Broader economic concerns, such as pressures on lower-end consumers and rising auto loan delinquencies, have also contributed to the stock's weakness [4]. Dividend Status - McDonald's is currently a "Dividend Aristocrat," having raised its dividend for 48 consecutive years, and is on track to become a "Dividend King" by raising its dividend for 50 years [5]. - The most recent dividend increase was from $1.52 to $1.67 per share, with a current yield of nearly 3% [5][9]. Growth Drivers and Catalysts - Menu innovation, such as the introduction of a $5 meal deal, is expected to attract more customers and enhance traffic [6]. - A potential decline in the U.S. dollar could benefit McDonald's, as approximately 59% of its revenues come from international markets [6]. - The launch of the CosMc's concept, which offers specialty drinks and snacks, may provide additional growth opportunities [6]. - McDonald's is positioned to benefit from advancements in AI and automation, which could significantly reduce labor costs in the future [6]. Earnings Estimates and Financial Health - Analysts project earnings per share growth, with estimates of $12.20 for 2024, $13.25 for 2025, and $14.36 for 2026, reflecting year-over-year increases [8]. - The company has approximately $51 billion in debt and about $838 million in cash, indicating a substantial financial position [8]. Share Buybacks - In Q1 2024, McDonald's repurchased approximately $918 million worth of its shares, consistent with its historical practice of stock buybacks [9].
McDonald's (MCD) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-07-08 22:56
The most recent trading session ended with McDonald's (MCD) standing at $247.85, reflecting a -1.29% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.1%. Elsewhere, the Dow saw a downswing of 0.08%, while the tech-heavy Nasdaq appreciated by 0.28%.Prior to today's trading, shares of the world's biggest hamburger chain had lost 2% over the past month. This has lagged the Retail-Wholesale sector's gain of 3.31% and the S&P 500's gain of 4.08% in that time.Analys ...
3 Triple Threat Stocks to Buy: High Yields, Big Gains and Rock-Solid Safety
Investor Place· 2024-07-08 10:00
Life and the market are about compromise. Generally speaking, if you’re looking for high growth, you typically aren’t getting much in the way of dividends, if anything. On the other hand, established enterprises usually offer robust passive income at the expense of growth potential. Still, on rare occasions, it’s possible to have high-yield safe stocks that can also expand the top line.Fundamentally, the math helps the underlying narrative. Presently, we have thousands upon thousands of publicly traded oppo ...
Why I Think McDonald's Stock Is A GARP Opportunity
Seeking Alpha· 2024-07-02 22:34
thad Investment Thesis McDonald's Corporation (NYSE:MCD) continues to be one of my favorite stocks at present time despite the surprisingly abundant negative sentiment that appears to be placing downward pressure on shares. The recent Q1 report saw McDonald's generate solid topline revenue growth along with great operational improvements resulting in a wonderful 8% YoY increase in operating income. While total comparable sales growth did slow to 2% YoY, I believe the softening consumer environment is primar ...
Want $1,000 in Dividend Income? Here's How Much You Have to Invest in McDonald's Stock.
The Motley Fool· 2024-06-29 08:00
Dividend investors have been loving McDonald's dividend for decades.There's nothing like a good dividend stock you can just tuck away in your portfolio and forget about. McDonald's (MCD -1.29%) is that kind of the stock. The company's iconic fast food restaurants are go-to spots for consumers all over the world. And for investors, the stock can be a go-to option for dividends, too.McDonald's pays a quarterly dividend of $1.67 per share, which totals $6.68 over the course of a full year. And with the stock t ...
McDonald's says trials of plant-based burger failed in two US cities
Proactiveinvestors NA· 2024-06-26 16:43
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
McDonald's, its rivals offer $5 meal deals to lure back budget-conscious consumers. Will the plan work?
Fox Business· 2024-06-25 19:36
Fast food companies are going head-to-head by offering nearly identical promotions to lure back customers who've been distanced by increased menu prices.  McDonald's on Tuesday rolled out its highly anticipated $5 value meal at restaurants nationwide in hopes of driving traffic while the deal lasts. The $5 meal deal, in which customers get to choose one of two sandwich options plus small fries, a four-piece McNuggets and a small soda, is expected to run nationwide for four weeks.  MCDONALD'S CEO: CALIFORNIA ...
McDonald's Launches '$5 Meal Deal' as Fast Food's Price War Grows
Investopedia· 2024-06-25 16:50
Key TakeawaysMcDonald's new "$5 Meal Deal" kicks off Tuesday as a number of fast-food giants have lowered prices or announced limited-time promotions in recent weeks.Fast-food rivals Wendy's and Burger King have also recently announced plans to lower prices or introduce temporary value deals.Companies across fast food and other industries have noted in recent months that consumers have decreased discretionary spending and focused on essentials as inflation has continued. McDonald's (MCD) has officially laun ...
McDonald's (MCD) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-06-24 22:55
In the latest market close, McDonald's (MCD) reached $260.38, with a +0.38% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.31%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq lost 1.09%.Shares of the world's biggest hamburger chain have appreciated by 0.5% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.85% and the S&P 500's gain of 2.73%.Market participants will be closely following the financial results o ...