McDonald’s (NYSE:MCD) has reported a strong performance in its last earnings report.
The companies financials continue to remain solid with a strong balance sheet and a respectable free cash flow. The earnings growth should be strengthened by a $20 billion share buyback program to be executed throughout 2016, following a dividend/buyback of $9 billion worth in 2015.
As if these aren’t enough to convince investors, the McDonald’s stock currently has a dividend yield of over 3%, one single number which could attract long term income investors in droves. Add to these the recent launch of all-Day breakfast, McDonald’s improved results on a global scale under a strong new management and it becomes clear why McDonald’s stock looks set to move higher in 2016.
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