McDonald’s Can Continue To Outperform


  • McDonald’s has held up very well in 2022’s challenging market conditions.
  • The value proposition remains compelling for customers, even with higher prices.
  • The Wall Street consensus rating continues to be a buy and the consensus price target indicates reasonable upside for 2023.
  • The market-implied outlook (calculated from options prices) continues to be bullish, with fairly low expected volatility.


McDonald’s (NYSE:MCD) performed remarkably well in 2022, with a total return of +0.42% as compared with -8.4% for the restaurant industry as a whole and -18.2% for the S&P 500 (SPY). The shares

Disclosure: I/we have a beneficial long position in the shares of MCD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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