MCD - McDonalds' Golden Arches Remain Deliciously Tempting With Digital & Growth Tailwinds [Upgrade]

2024-03-16 10:00:00 ET

Summary

• MCD continues to deliver sustainable top/ bottom line growth, thanks to the intensified digital approaches and franchised business model.
• With the management already guiding increased global locations and expanded profit margins in FY2024, we may see the management lap up the tougher YoY comparisons.
• Its growth and dividend investment thesis remain robust, aided by the healthy balance sheet and current fair valuation.
• With MCD continuing to generate alpha for long-term shareholders, we believe that the stock is one that is highly suitable for income and growth oriented investors. Add at every dip, while DRIP-ing.

We previously covered McDonald's Corporation ( MCD ) in June 2022, discussing its inflation-proof and recession-proof prospects during the potential bear market after the hyper-pandemic boom.

While we had believed its offerings and stock to be highly resilient, the stock had also been overly prudently rated as a Hold then, with us missing out on the impressive rally of over +19% since then....

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