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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

McCormick & Company ( MKC) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day down 0.5%. By the end of trading, McCormick & Company rose $0.81 (1.1%) to $73.34 on average volume. Throughout the day, 520,870 shares of McCormick & Company exchanged hands as compared to its average daily volume of 573,900 shares. The stock ranged in a price between $72.42-$73.79 after having opened the day at $72.46 as compared to the previous trading day's close of $72.53. Other companies within the Consumer Goods sector that increased today were: SGOCO Group ( SGOC), up 42.4%, Exceed Company ( EDS), up 25.3%, Fossil Group ( FOSL), up 17.8% and Fuwei Films (Holdings ( FFHL), up 7.5%.

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 $8.7 billion and is part of the food & beverage industry. Shares are up 14.2% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate McCormick & Company a buy, no analysts rate it a sell, and 9 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, notable return on equity, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Furniture Brands International ( FBN), down 38.0%, Mondelez International ( MDLZ), down 25.1%, Nautilus Group ( NLS), down 22.9% and Verso Paper ( VRS), down 9.8% , were all laggards within the consumer goods sector with Johnson Controls ( JCI) being today's consumer goods sector laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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