Global fast food giant McDonald’s Corp. (NYSE:MCD) has undertaken a third price increase in Japan in under a year. The move comes amid surging cost pressures and McDonald’s Japan unit is now increasing prices for about 80% of its offerings.
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Last year, it had undertaken two price increases in March and September as the Yen fell against the U.S. Dollar.
McDonald’s shares have managed to post nearly 4% price gains over the past six months, a period characterized by market turbulence and increasingly aggressive central banks globally.
Overall, analysts remain optimistic about McDonald’s with a Strong Buy consensus rating and an average price target of $287.27. This indicates a potential 9.58% upside in the stock.
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