The Need to Feed: 3 Fast Food Stocks With the Strongest Upside Potential in 2024

InvestorPlace04-28

The fast food industry has been one of the most consistent stock market performers in the post-pandemic landscape. McDonald’s (MCD): The fast food market leader has strong fundamentals and high-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430066804?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-28 19:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430066804","market":"us","top_or_hot":-1,"title":"The Need to Feed: 3 Fast Food Stocks With the Strongest Upside Potential in 2024","media":"InvestorPlace","content":"<div>\n<p>The fast food industry has been one of the most consistent stock market performers in the post-pandemic landscape.\nMcDonald’s (MCD): The fast food market leader has strong fundamentals and high-...</p>\n\n<a href=\"https://investorplace.com/2024/04/the-need-to-feed-3-fast-food-stocks-with-the-strongest-upside-potential-in-2024/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Need to Feed: 3 Fast Food Stocks With the Strongest Upside Potential in 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Need to Feed: 3 Fast Food Stocks With the Strongest Upside Potential in 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-28 19:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/the-need-to-feed-3-fast-food-stocks-with-the-strongest-upside-potential-in-2024/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fast food industry has been one of the most consistent stock market performers in the post-pandemic landscape.\nMcDonald’s (MCD): The fast food market leader has strong fundamentals and high-...</p>\n\n<a href=\"https://investorplace.com/2024/04/the-need-to-feed-3-fast-food-stocks-with-the-strongest-upside-potential-in-2024/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0417517546.SGD","symbol_name":"Allianz US Equity Cl AT Acc SGD","start_time":0,"source_url":"https://investorplace.com/2024/04/the-need-to-feed-3-fast-food-stocks-with-the-strongest-upside-potential-in-2024/","article_id":"2430066804","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430066804","pubTimestamp":1714303994,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"The fast food industry has been one of the most consistent stock market performers in the post-pandemic landscape.McDonald’s : The fast food market leader has strong fundamentals and high-profile partnerships in the pipeline to facilitate further growth.Wendy’s : Recent downgrades have placed this stock at a tempting price as Wendy’s P/E ratio points to a year of accumulation.Restaurant Brands International : The parent company of Burger King, Popeyes, and Tim Hortons has positioned itself as a sustainable industry player in posting growth of more than 125% from its lows in the pandemic.Source: Vytautas Kielaitis / ShutterstockNo list of growth-focused fast food stocks would be complete without McDonald’s . We’re talking about a global market leader, boasting 38,000 restaurants throughout 100 countries.The stock’s impressive rate of growth should also be a source of comfort for investors. MCD reached an all-time high value in early 2024 before undergoing a market correction of around 8","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","CPI":"IQ Real Return ETF","FAST":"快扣","BK4567":"ESG概念","WEN":"温蒂汉堡","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4566":"资本集团","QSR":"餐饮品牌国际","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4547":"WSB热门概念","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4581":"高盛持仓","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4504":"桥水持仓","MCD":"麦当劳","BK4209":"餐馆","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4104":"贸易公司与经销商","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H"},"translate_title":"喂养需求：2024年上行潜力最大的3只快餐股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WEN":1,"QSR":1,"MCD":1,"FAST":1,"CPI":1},"content_text":"The fast food industry has been one of the most consistent stock market performers in the post-pandemic landscape.\nMcDonald’s (MCD): The fast food market leader has strong fundamentals and high-profile partnerships in the pipeline to facilitate further growth. \nWendy’s (WEN): Recent downgrades have placed this stock at a tempting price as Wendy’s P/E ratio points to a year of accumulation. \nRestaurant Brands International (QSR): The parent company of Burger King, Popeyes, and Tim Hortons has positioned itself as a sustainable industry player in posting growth of more than 125% from its lows in the pandemic.\n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nA wide range of markets in the United States are experiencing a period of uncertainty in the wake of stubborn inflation rates reflected in the hotter-than-expected consumer price index  (CPI) data reported for March. However, the fast food industry has continued to show its resilience. This is why fast food stocks are such a great buy. \nAfter all, we’re talking about an industry that’s expected to grow to $1.467 trillion in market size by 2028. It will even do it at a CAGR of 6.05%. It’s also worth acknowledging that fast food stocks have dealt with periods of extreme uncertainty before and come out thriving. \nThe COVID-19 pandemic saw the emergence of social distancing measures. These challenged much of the fast food industry’s traditional revenue streams. However, restaurants tackled the loss of diners by undergoing a widespread series of digital transformation initiatives, These  excelled in providing takeaway services to consumers in lockdown. \nDuring the pandemic, data showed that the number of consumers who ordered fast food for delivery lept 28% compared to pre-pandemic levels. Drive-thru services accounted for 44% of all off-premise orders throughout the restaurant industry. \nThese figures are important for investors because they illustrate the adaptability of fast food stocks to continue securing growth in testing times. As markets react to the prospect of fewer Federal Reserve rate cuts in 2024, it’s more likely that fast food stocks will once again show their adaptability in challenging circumstances. With this in mind, the following stocks could be a strong option to buy and hold in 2024: \nTop Fast Food Stocks: McDonald’s (MCD)\nSource: Vytautas Kielaitis / ShutterstockNo list of growth-focused fast food stocks would be complete without McDonald’s (NYSE:MCD). We’re talking about a global market leader, boasting 38,000 restaurants throughout 100 countries. \nIf any stock is well positioned to brush off US market volatility, it’s globally focused firms like McDonald’s. \nThe stock’s impressive rate of growth should also be a source of comfort for investors. MCD reached an all-time high value in early 2024 before undergoing a market correction of around 8% off the back of missed revenue estimates amid an escalation of geopolitical conflict in the Middle East. \nDespite this, McDonald’s long-term prospects are strong. The stock has rallied almost 40% in the past five years. This is an impressive feat considering the impact of the COVID-19 pandemic and 2022’s Wall Street downturn on growth stocks. \nThe firm’s positive Q1 2024 revenue estimates, which predict a year-over-year earnings increase of 2.7% to $2.70 per share and a 4.7% increase in revenues to $6.17 billion, also illustrate McDonald’s resilience at a time of global economic turbulence. \nCrucially, we can also see that the brand is continuing to facilitate growth through a series of strategic partnerships. These partnerships are designed to facilitate more sales growth. There was a recent announcement of a partnership between McDonald’s and Krispy Kreme. This is set to see the latter’s donuts launch in McDonald’s restaurants by 2026. The partnership is a key statement of intent for a firm focused on strengthening its position as a market leader. \nWendy’s (WEN)\nSource: Deutschlandreform / Shutterstock.comDespite posting a decline of almost 15% in 2023, Wendy’s (NASDAQ:WEN) has been one of the fast food market’s brighter performers in the first half of 2024. \nWendy’s doesn’t quite boast the global market presence of McDonald’s. However this dividend stock has been identified as a strong passive income option for investors. It appears set to recover from a series of disappointments that have impacted its value in recent months. \nWendy’s missed its Q4 2023 estimates by posting earnings of 21 cents per share. This was below Wall Street projections of 23 cents. However, the February 2024 arrival of Kirk Tanner appears to be a watershed moment for the stock. Wendy’s has since recovered by more than 10% from its Q1 lows. \nGiven the challenges and franchise closures Wendy’s faced in 2023, the stock could be an excellent value proposition for investors seeking to buy into the restaurant’s long-term recovery. \nRestaurant Brands International (QSR)\nSource: Tony Prato / Shutterstock.comIn terms of profitability, Restaurant Brands International (NYSE:QSR) stands as one of the strongest recent performers in this selection. \nThe stock’s Q4 2023 earnings report showed a surge in profits to $508 million. Net sales climbed 8% to $1.82 billion from $1.68 billion in the previous year. \nRestaurant Brands International is the parent company of Burger King, Popeyes, Tim Hortons, Firehouse Subs, and The TDL Group Corp. This impressive repertoire of varied restaurants and fast food services offers an element of diversified security within the sector. \nGiven these exceptional revenue streams, the debts are consistently covered by earnings for QSR. Its earnings growth has comfortably exceeded the industry average over the past year. \nWhile QSR is also a dividend stock, it’s not considered one of Wall Street’s strongest dividend payers. Fortunately, the outlook for the stock as a whole is rosy enough to overcome this weakness, with estimates suggesting that Restaurant Brands International is set to grow its profit by 59% over the next couple of years. \nAs wider inflation-driven uncertainty continues to loom over US markets, the security offered by QSR’s strong restaurant repertoire could be an attractive way to safeguard better against volatility. \nGiven that the stock has already bounced back by more than 125% from its pandemic lows, and has been pushing new all-time high values as recently as March, there’s plenty for investors to be excited about with Restaurant Brands International.\nOn the date of publication, Dmytro Spilka did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nDmytro is a finance and investing writer based in London. He is also the founder of Solvid, Pridicto and Coinprompter. His work has been published in Nasdaq, Kiplinger, FXStreet, Entrepreneur, VentureBeat and InvestmentWeek.Consumer Staples, Food\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/the-need-to-feed-3-fast-food-stocks-with-the-strongest-upside-potential-in-2024/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430066804"}