#4 - McDonald’s (NYSE:MCD)
The last of the consumer staples stocks we’re recommending is McDonald’s (NYSE:MCD). Investors in MCD stock are truly benefiting from a stock that delivers the best of both worlds. In the last 12 months, the stock is up 23% and that’s despite the fact that, in many locations, the company is still limited to drive-through traffic only.
However, the key takeaway is that the company continues to grow earnings and revenue on both a YOY and a year-over-two-year span. And while MarketBeat’s Thomas Hughes points out that the pace of that growth may be slowing, its full-year YOY revenue growth projections are larger than some of its competitors make all year.
That means the company is managing to seamlessly pass along any cost increases and, for the time being, overcoming any supply chain challenges. Add in a tasty dividend that the company has grown for 46 consecutive years and you have a stock that should be on every investor’s shopping list in 2022.
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
- $272.38
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 20 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $317.74 (16.7% Upside)
