Cold Coffee Battle Heats Up for Starbucks, Dunkin', and McDonald's
In New England, where Dunkin' Brands' (NASDAQ: DNKN) Dunkin' Donuts began, people drink iced coffee all year round. It's not uncommon to see someone remove a winter glove or mitten in order to hold onto their large iced coffee as they walk out into a cold winter day.
That love of cold beverages -- specifically iced coffee-based drinks -- has led Starbucks (NASDAQ: SBUX), McDonald's (NYSE: MCD), and Dunkin' Donuts to all increase their cold coffee offerings recently. It's a cold drink battle for sales that's pushing innovation and giving consumers a lot of choices.
Starbucks has a new line of cold-pressed espresso drinks. Image source: Starbucks.
Source: Fool.com
McDonalds Corp. Stock
The stock is one of the favorites of our community with 53 Buy predictions and 1 Sell predictions.
As a result the target price of 294 € shows a positive potential of 24.13% compared to the current price of 236.85 € for McDonalds Corp..