The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith and Chief Technology Officer Jeremy Phillips discuss topics across the investing world.

In today's edition, Austin and Jeremy discuss the market's over-reaction to McDonald's same-store sales miss. The high expectations placed on the company overshadowed a reasonably impressive quarter, but the company took a small hit. Austin thinks the company is still incredibly well-run and that Wall Street's overly zealous expectations don't dilute McDonald's potential for a great long-term buy.

Austin Smith owns shares of McDonald's. Jeremy Phillips has no positions in the stocks mentioned above. The Motley Fool owns shares of Arcos Dorados. Motley Fool newsletter services recommend Arcos Dorados, McDonald's, and Yum! Brands. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.