Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, October 4, 2024

Article Excerpt

MCDONALD’S CORP., $303.76, New York symbol MCD, is your #1 Conservative Buy for 2024. The company is the world’s largest fast-food chain with over 42,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries. McDonald’s has raised its annual dividend rate each year since 1976. The next increase will come in December 2024 when your quarterly payment increases 6.0%, to $1.77 a share from $1.67. The new annual rate of $7.08 yields 2.3%. The company’s earnings will probably improve about 8%, from $11.82 a share in 2024 to $12.75 in 2025. The stock trades at 23.8 times that 2025 estimate. That’s an attractive multiple in light of its strong brand and worldwide presence. McDonald’s is your #1 Conservative Buy for 2024. McDonald’s recent coverage: Hotline for August 2, 2024 August 2024 Issue PEPSICO INC., $167.97, Nasdaq symbol PEP, remains a hold. The company is the world’s second-largest soft-drink maker after Coca-Cola. Its other brands…