Investors are loving McDonald's (NYSE: MCD) stock these days. The fast-food giant's gains have comfortably outpaced the wider market in the past full year and it's close to an all-time high despite the slump in the S&P 500 since early 2022.

McDonald's is also trading at some of the highest valuations that shareholders have seen in recent years, which is usually a bad sign when it comes to future returns. Yet the stock could still be a long-term winner from here. Let's take a look at a few reasons why it's not too late to add McDonald's to your portfolio.

McDonald's is leading the expanding fast-food industry in core growth metrics. Shoppers are increasingly buying food away from home, but some are seeking more value while others are looking to splurge.

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Source Fool.com