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Hungry for a trade? 6 food and beverage plays

Anheuser-Busch InBev has approached SABMiller about a takeover, but neither of the beer behemoths may be the best beverage stock to buy currently, CNBC "Fast Money" traders said.

Anheuser-Busch shares spiked nearly 7 percent on Wednesday on the news, but its price now looks like a "trap," trader Brian Kelly said. Shareholders could look to take profits at $120 per share, about $5 higher than where it closed on the day.

One of the brewing facilities at Anheuser-Busch.
Source: Anheuser-Busch
One of the brewing facilities at Anheuser-Busch.

Outside of Busch and Miller, Sam Adams brewer Boston Beer may hold some upside despite its high valuation, said trader Guy Adami. He would hold the stock against $200 per share, about $20 lower than where it closed Wednesday.

While the potential deal would shake the beer industry, trader Tim Seymour instead looked to spirits with Diageo. He called it a play on emerging markets growth.

Restaurants

Beyond beverage makers, Adami said Darden Restaurants shares look appealing in the wake of rumors of a possible real estate spinoff.

Trader Dan Nathan added that McDonald's could rally amid restructuring efforts under new management. The stock, which closed above $98 per share Wednesday, offers a good entry point if it falls to the low-$90s, he said.

Disclosures:

Tim Seymour

Tim Seymour is long ADR, AAPL, BAC, CLF, DIS, F, GE, GM, GOOGL, INTC, JPM, KO, T, TWTR, Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.

Dan Nathan

Dan is long PYPL Oct call spread, QQQ Oct put spread, XLU call calendar, XBI sept put spread, TWTR, PG.

Brian Kelly

Brian Kelly is long BBRY, GLD, TWTR calls, Bitcoin, U.S. Dollar, Crude Oil; he is short British Pound, Euro, Yen, Yuan, US Treasuries.

Guy Adami

Guy Adami is long CELG