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In the fourth quarter results, the company beat analyst expectations and reported GAAP earnings per share of $1.70, and the net sales stood at $8 billion.
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The revenue came in at $21.4, up 7%, and the EPS came in at $1.70, up 39% year over year. It saw a full-year revenue of $85.2 billion and expects sales growth of 5% to 6% in 2024.
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The company believes in rewarding shareholders and has a dividend yield of 3.04% with an annual payout of $5.08.
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MCD brings stability to your portfolio, and it is enjoying solid growth. In the third quarter, the company saw an 11% rise in sales to hit $6.69 billion.
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KO stock is trading at $59 and is a strong buy at the current level. It reported an 8% annual revenue growth in the third quarter and has a net margin of 24%, giving it enough liquidity to keep raising dividends.
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The company has raised dividends for 14 years consecutively and is a highly reliable stock to own today. It enjoys a dividend yield of 2.46% and pays an annual dividend of $2.28 per share.
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Visa has a dividend yield of 0.76% and pays an annual dividend of $2.08. V stock is trading at $272 and is at its 52-week high but it has immense potential to keep soaring.