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McDonald’s Corporation (MCD)
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McDonald’s: Wading Through Some Slight Macro Issues
At $263.45 at time of writing, McDonald’s (MCD) stock is within 6% of its record high reached in Q4 CY2022. While the macro environment has deteriorated for restaurant operators, McDonald’s stock has proven resistant on (1) a business model that largely shields it from restaurant-level economics, and (2) a relatively flat P/E ratio that has […]