Buy, Sell or Hold: McCormick & Co (MKC-N) — Stock Predictions at Stockchase

NYSE:MKC

80.73

0.42 (0.52%) 1d

Showing 1 to 12 of 12 entries

BUY

As the economy reopened, shares slid, but shares stabilized last month as the market became volatile. They reported last week some hot sales, but management cut their full-year earnings forecast because of supply chain issues and higher transportation and packaging costs. If these issues can be solved, then MKC would be a terrific buy.

Consumer Products

BUY

They make spices and we'll always need spices. This is good long term.

Consumer Products

DON'T BUY

It did well during last year's lockdown as people cooked more from home. Mind you, restaurant demand declined. She once owned this. They are market leaders, but MKC is fully valued. She may buy on a pullback, but other peers trade at a better PE.

Consumer Products

DON'T BUY

It was a sleeping stock until Covid, when the lockdowns allowed these shares to catch fire and people bought their spices to fill their pantries. Problem is restaurants are reopening more and more. They report Thursday. Tough to make money.

Consumer Products

COMMENT

MKC sells spices, so it's widely viewed as a lockdown stock. And yet, restaurants will fully reopen and restos make up 20% of their business. This is a hybrid stock, benefiting from the reopening but also lingering stay-at-home habits as people will continue to cook at home but also dine out.

Consumer Products

COMMENT

It reports Tuesday. It's controversial. A big spicemaker including a huge food-service business that supplies restaurants, but of course that got hit badly during the pandemic, though its consumer business thrived during lockdowns as people cooked more. However, when society reopens there will be less cooking.

Consumer Products

BUY

The market thinks packaged foods have no post-Covid future, that cooking from home will no staying power. They're wrong. This spice-maker isn't getting its due for its Frank's Hot Sauce acquisition. MKC beat its top and bottom lines in its Q3 report.

Consumer Products

COMMENT

They make spices. Their last quarter was a blow-out and the stock shot up...too high, and has since pulled back sharply. Now, the stock is only slightly above that last report. Will people still cook at home after the pandemic? Yes--people develop new habits and some will keep cooking because they like it. That said, analysts may fail to back this stock.

Consumer Products

TOP PICK

They bought Reckitt Benckiser which propelled from the 10th-largest to the 2nd biggest condiment company in the world. It's recession-proof and has been rising slowly during this current downtrend. They do a lot of partnerships with restaurants. A low-volatile, sleeping name that meets a consistent demand: cooking. (Analysts’ price target is $153.22)

Consumer Products

DON'T BUY

A great company and a great business. They purchase in US$ for most of their inputs even though they are Canadian. Their input costs should be rising, but they should be able to pass that through into their end prices.

Consumer Products

COMMENT

Hasn’t looked at this recently. A global spice maker, and really plays into the whole ethnicity and how diversified everyone is getting. A consumers’ product company, and typically there is a steadier defensive earnings stream associated with these companies. Trading at a fairly high multiple.

Consumer Products

TOP PICK

Spices. Has been around for over 100 years and has paid a dividend for over 85 years. Have grown their dividend over the last 10 years at a rate of 194%. About 65% of sales are to grocery stores were they make big margins. 40% to industrials and food manufacturers.

Consumer Products

Showing 1 to 12 of 12 entries

McCormick & Co(MKC-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 4

Stockchase rating for McCormick & Co is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

McCormick & Co(MKC-N) Frequently Asked Questions

What is McCormick & Co stock symbol?

McCormick & Co is a American stock, trading under the symbol MKC-N on the New York Stock Exchange (MKC). It is usually referred to as NYSE:MKC or MKC-N

Is McCormick & Co a buy or a sell?

In the last year, 4 stock analysts published opinions about MKC-N. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for McCormick & Co.

Is McCormick & Co a good investment or a top pick?

McCormick & Co was recommended as a Top Pick by on . Read the latest stock experts ratings for McCormick & Co.

Why is McCormick & Co stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is McCormick & Co worth watching?

4 stock analysts on Stockchase covered McCormick & Co In the last year. It is a trending stock that is worth watching.

What is McCormick & Co stock price?

On 2021-10-22, McCormick & Co (MKC-N) stock closed at a price of $80.73.

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