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Here's Why Investors Should Retain McDonald's (MCD) Stock Now
McDonald'sMcDonald's(US:MCD) Zacks Investment Research·2024-03-20 15:46

McDonald's Corporation (MCD) is likely to benefit from strong comps growth, solid digital adoption and menu innovation. Also, the focus on pricing and Monopoly promotions bodes well. However, a challenging macro environment is a concern.Let’s discuss the factors that highlight why investors should retain the stock for the time being.Major Growth DriversMcDonald's continues to impress investors with robust comps growth. In fourth-quarter 2023, global comps increased 3.4% compared with a rise of 12.6% reporte ...