"China is a major focus and the stock has a potential longer-term to have a higher multiple as the China story unfolds, similar to what
(YUM - Get Report)
has benefited from in the last couple of years," Oppenheimer analyst Matthew DiFrisco said in appearance on
Like food and beverage peers
(SBUX - Get Report)
, McDonald's has been looking overseas for growth.
McDonald's said in December it plans to grow its presence in China by 40% next year, opening 200 new stores in the country over the next three years.
-- Written by Miriam Marcus Reimer in New York.
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