Tim Seymour of EmergingMoney.com took the bear case.
"It's expensive to itself," he said. "This is a company that today, sure, global same-store sales came in at plus-2.6, but if you take out some of the effects of trading days, some holidays, this was actually not a great outcome on a very low bar in a fast-food space that's struggling quite a bit."
Seymour also noted that McDonald's was not growing in Asia, adding, "Other emerging markets are not giving them the gusto."
(Watch Video: Jim Cramer: McDonald's Beats Apple on Product Innovation)
Dan Nathan of RiskReversal.com noted that it was a crowded space, with the likes of popular burger joints such as Smashburger.
Josh Brown of Fusion Analytics, too, wasn't buying.
"It's a golden arches double-top," he said.
Trader disclosure: On June 10, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Dan Nathan is short XLU June 38/36 put spread; Dan Nathan is long CAT July 87.50/80 put spread; Dan Nathan is long FB June/July 25 call spread; Dan Nathan is long AAPL June 14 435/425 put spread; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Guy Adami is long BTU; Guy Adami's wife, Linda Snow, works at Merck; Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long SBUX; Josh Brown is long AAPL; Josh Brown is long XLU; Steve Weiss is long BBRY; Steve Weiss is long SODA.