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Stocks, oil and crypto climbThis summary was created by AI, based on 3 opinions in the last 12 months.
McCormick & Company is a global leader in the flavor industry, with more than 125 years of experience in manufacturing and distributing spices, seasoning mixes, condiments, and other flavorful products. While their recent financial report showed a modest earnings beat and a credible plan to boost volume growth, the company is also struggling to deal with inflation. Unlike some of its competitors, McCormick has not been as successful in passing on costs to consumers, which has affected investor confidence. Despite this, the McCormick name remains a trusted source of flavor in millions of kitchens around the world.
They report Tuesday. A quality company that's having a tough time dealing with inflation. Some companies like Hershey's and General Mills have been adept pasisng on costs to consumers. Maybe MKC can, but they haven't recently which hasn't inspired confidence.
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
In the last year, 2 stock analysts published opinions about MKC-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for McCormick & Co.
McCormick & Co was recommended as a Top Pick by on . Read the latest stock experts ratings for McCormick & Co.
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.
2 stock analysts on Stockchase covered McCormick & Co In the last year. It is a trending stock that is worth watching.
On 2024-03-18, McCormick & Co (MKC-N) stock closed at a price of $68.12.
Yesterday, they reported mixed numbers: a modest earnings beat, softer than expected sales and alight full-year forecast. But management's plan is credible to boost volume growth in 2025 without sacrificing margins.