Don't Let McCormick's Bland Stock Performance Keep You From Seeing Its Spicy Potential
Take a walk down any grocery store's spice aisle and you're sure to notice the prominent placement and vast array of products from McCormick (NYSE: MKC). The company is a global leader in flavor and distributes spices, seasoning mixes, and other tasty products to both consumers and the restaurant industry. Beyond the McCormick brand name in spices, there are plenty of other recognizable products under the McCormick umbrella, including French's, Franks RedHot, Cholula, and Old Bay.
Take a look at a stock chart and you're sure to notice that as an investment, McCormick has had a rough past year, with shares down about 11% and near a 52-week low. By comparison, the S&P 500 is up 40% over the same period. While the stock performance has been disappointing, the company managed to navigate the pandemic rather successfully and is poised to take advantage of the continuing reopening of the world economy.
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Source Fool.com
