Supersize your profits! This month the global food chain McDonald’s has delightful surprises for all investors, hungry for profits.
McDonald’s has recently upped its drive-thru tech, worked out harassment in the workplace and celebrated a successful partnership with delivery service Grub Hub. As the company continues to reinvent itself, not only is it good for business, but it is also proven to be a positive sign for investors.
It’s addictive, it’s delicious, and it’s certainly a hot investment. Want to know exactly how profitable an investment in McDonald’s could be?
According to CNBC calculations, a $1,000 investment in 2009 would be worth more than $5,000 as of Sept. 20, 2019.
McDonald’s in 2021 and beyond: McDonald’s topped at $221.93 in 2019 before Easterbrook’s departure and the COVID-19 pandemic sell-off, which pushed the stock down.
Fortunately for McDonald’s investors, fast-food restaurants were not hit nearly as hard. Besides, McDonald’s investments in its app and delivery options paid off in 2020. By late 2020, McDonald’s shares made new all-time highs at $231.91.
Looking ahead, analysts expect McDonald’s to continue its growth in the next 12 months. The average price target is $240, suggesting a 12.5% increase from current levels.
Are you hungry for profits? Take a big bite.