With 2023 roughly half over, McDonald's (NYSE: MCD) is standing out as an unusually strong stock. The fast-food giant's shares have jumped over 20% through late June, making it the sixth-best performer on the Dow.

Wall Street has been thrilled to see Mickey D's generate strong customer traffic and market-share gains in the growing fast-food industry. Its financial trends are even better, partly thanks to the combination of cost cuts and menu price increases.

But have investors missed their chance to buy this high-performing business after its rally this year? Let's look at some reasons why the stock could still deliver strong returns from here.

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Source Fool.com