This ought to be an easy call for just about anyone because everyone already knows the stock is cheap. Anyone who looks at the company's stock chart can see the stock is at the lowest it's been in a year. Everyone knows the company's history and everyone knows the problems they're having with suppliers in China. In fact almost everyone knows their entire menu.
With earnings estimates of $5.57 by the end of 2014, $6.04 by the end of 2015, $6.63 by the end of 2016, and $7.39 but the end of 2017, and an average expected P/E ratio of 18, the stock of McDonald's could easily be $108.72 in 2015 (+15.91%), $119.34 in 2016 (+27.24%), and $133.02 in 2017 (+41.82%) even without taking into consideration its dividend.
With numbers like this, McDonald's Corp appears to be a nice fit for my accounts.
The Restaurant Industry 24 July 2014
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