McCormick & Company Inc. (MKC): Today's Featured Consumer Goods Laggard

McCormick & Company ( MKC) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 1.4%. By the end of trading, McCormick & Company fell $1.44 (-2.0%) to $70.59 on heavy volume. Throughout the day, 1,203,005 shares of McCormick & Company exchanged hands as compared to its average daily volume of 623,200 shares. The stock ranged in price between $69.60-$71.94 after having opened the day at $70.99 as compared to the previous trading day's close of $72.03. Other companies within the Consumer Goods sector that declined today were: Tianli Agritech ( OINK), down 4.2%, Le Gaga Holdings ( GAGA), down 3.8%, China Shengda Packaging Group ( CPGI), down 3.4% and United-Guardian ( UG), down 3.3%.

McCormick & Company, Incorporated engages in the manufacture, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates in two segments, Consumer and Industrial. McCormick & Company has a market cap of $8.6 billion and is part of the food & beverage industry. The company has a P/E ratio of 23.3, above the S&P 500 P/E ratio of 17.7. Shares are up 13.4% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate McCormick & Company a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates McCormick & Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, solid stock price performance, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, STR Holdings ( STRI), up 12.8%, Westport Innovations ( WPRT), up 9.3%, Verso Paper ( VRS), up 7.5% and Coldwater Creek ( CWTR), up 7.3% , were all gainers within the consumer goods sector with Estee Lauder Cos ( EL) being today's featured consumer goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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