#2 - McDonald’s (NYSE:MCD)
My next pick for a recession-proof stock is McDonald’s (NYSE:MCD). And like Walmart, a good part of the story has to do with the company’s digital transformation. Even prior to the pandemic, McDonald’s was working to expand its online and mobile ordering through its app. The fast-food giant was also in the process of transforming the dine-in experience with kiosks that allow customers to skip the counter when placing their order.
All of those turned out to be great investments during the pandemic and will likely fuel the company’s growth. And as Sam Quirke pointed out to MarketBeat readers, since the beginning of April MCD stock managed to post a small gain even as its benchmark index, the S&P 500 Index fell over 20%.
Plus, like Walmart, McDonald’s is a dividend aristocrat having raised its dividend for 46 years. The company currently has an annualized payout of $5.52 and a dividend yield of 2.18%.
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
- $273.35
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 20 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $318.41 (16.5% Upside)
