McCormick & Company Inc. (MKC): Today's Featured Food & Beverage Laggard

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 Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day down 0.5%. By the end of trading, McCormick & Company fell $0.69 (-1.0%) to $65.45 on average volume. Throughout the day, 729,773 shares of McCormick & Company exchanged hands as compared to its average daily volume of 765,500 shares. The stock ranged in price between $65.38-$66.12 after having opened the day at $65.87 as compared to the previous trading day's close of $66.14. Other companies within the Food & Beverage industry that declined today were: Castle Brands Incorporated ( ROX), down 7.3%, Crumbs Bake Shop ( CRMB), down 6.0%, National Beverage Corporation ( FIZZ), down 4.1% and Cosan ( CZZ), down 3.7%.

McCormick & Company, Incorporated manufactures, markets, and distributes 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 $7.8 billion and is part of the consumer goods sector. Shares are down 5.0% year to date as of the close of trading on Tuesday. Currently there are no 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, expanding profit margins, good cash flow from operations, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Crystal Rock Holdings ( CRVP), up 8.5%, Reeds ( REED), up 5.1%, China New Borun Corporation ( BORN), up 5.1% and Key Technology ( KTEC), up 3.1% , were all gainers within the food & beverage industry with Mead Johnson Nutrition Company ( MJN) being today's featured food & beverage industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider PowerShares Dynamic Food & Beverage ( PBJ) while those bearish on the food & beverage industry could consider PowerShares DB Agriculture Sht ETN ( ADZ).

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