NEW: On CNBC Matthew McCormick of Bahl & Gaynor has Buy on MCD.

SUMMARY: Matthew McCormick of Bahl & Gaynor recommended McDonald’s (MCD) on Bloomberg. No price target. Stock was at $97.09. Click here for latest Yahoo Finance stock price.

WHY BUY ? : McDonald’s reported good results today. McCormick likes the dividend at 4% and strong worldwide growth. He pointed out the stock had been down due to missing comp sales in February and the change of leadership at the company. Likes,though, strong same store growth in U.S. and abroad, with room to increase the average ticket. McDonald’s has raised prices, which he takes as a good sign. Down the road, international markets are a great growth opportunity due to the tie between higher wealth and greater protein consumption (i.e. chicken and beef meals at Mickey D’s). The stock did well last year, but has under-performed this year. “I think it’s a very good stock at this time”.

PRICE TARGET: No specific stock price target was mentioned.

TIME FRAME: No specific time frame mentioned.

SCORE CARD: Assuming Medium Term and will review October 24, 2012. We’ll be checking in every month  to see how McCormick’s MCD call is working out.