Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, February 25, 2022

Article Excerpt

MCDONALD’S CORP., $249.45, New York symbol MCD, is your #1 Conservative Buy for 2022. The company is the world’s largest fast-food chain, with over 39,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries. Franchisees own roughly 93% of those outlets. Billionaire activist investor Carl Icahn is now pressuring McDonald’s to stop buying pork from producers that raise pigs in crates. The company, which buys about 1% of U.S. pork production, had previously committed to get its pork from “crate-free” suppliers by 2022. However, it will miss that goal as COVID-19 disruptions have hindered the ability of producers to make the switch. It’s unlikely Icahn’s pressure will hurt McDonald’s brand or sales. Moreover, the company expects to get between 85% and 90% of its pork from crate-free producers by the end of 2022. McDonald’s is a buy. McDonald’s recent coverage: February 2022 issue Hotline for January 28, 2022 KRAFT HEINZ CO., $39.73, Nasdaq symbol…