McDonald's Invests in Russian Growth as Part of EM Focus

Filed under: McDonald's (MCD), Stocks to Buy

McDonald's (MCD) is looking to expand its footprint in Russia by increasing its store count by 15%, or about 40 new locations, in an effort to tap the growing demand for fast food. McDonald's competes with Wendy's (WEN), Subway, Burger King (BKC), and Yum! Brands (YUM) in the fast-food market and is the market leader with about 19% share. The company also competes with Starbucks (SBUX) in the specialty coffee market.

We have $78.40 price estimate for McDonald's stock, which is slightly ahead of market price.

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McDonald's Invests in Russian Growth as Part of EM Focus originally appeared on BloggingStocks on Sat, 02 Apr 2011 12:50:00 EST. Please see our terms for use of feeds.

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