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Traders take a bite out of McDonald's after a year of all-day breakfast

The "Fast Money" traders weighed McDonald's on the one-year anniversary of its all-day breakfast launch.

Between pressures for wage increases and a potential spike in food costs, trader Tim Seymour said "fast food is a tough place to be right now, but the valuation on McDonald's, risk-reward, is best in the space." He said that not only does the stock pay a dividend, but the company also has an excellent management team.

Trader Brian Kelly said he likes McDonald's too, but would wait for the stock to drop to about $102 per share. It closed at $113.92 a share on Thursday.

Trader Guy Adami said he would be interested in McDonald's at the $105 level.


Disclosures:

TIM SEYMOUR

Tim Seymour is long ABX, APC, AVP, BAC, BBRY, CLF, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD,MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, T, TWTR, VALE, VZ, XOM and short: SPY, XRT. His firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, and short EWG, HYG, IWM.

BRIAN KELLY

Brian Kelly is long Bitcoin, DXJ, TLT, XOP, WTI, US Dollar UUP. He is short the euro, Japanese yen and British pound.

DAN NATHAN

Dan Nathan is long TWTR, long PYPL Oct call, long FEZ Nov put spread, long EEM Nov put spread, long XHB Jan put spread, long XLK Jan put spread, long XLU Dec call spread, SMH Nov put spread.

GUY ADAMI

Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.