Here's your best McDonald's play right now: Trader

Bad news has been surrounding McDonald's all year as sales slump in the U.S. and abroad, but now is the time to buy the stock, CNBC "Fast Money" contributor Guy Adami said.

"It's all priced in. At 16 times forward earnings it trades at a discount to Burger King and Wendy's," he said. "I also think it hit a capitulatory bottom on Sept. 10 when it traded down to $90.53 on 12 million shares."

Adami recommended buying the stock at current levels and looking to take profits at $103 per share.

Year to date, shares of McDonald's are down about 4 percent.