McCormick traded at $50.44 this Tuesday March 31st, decreasing $3.28 or 6.11 percent since the previous trading session. Looking back, over the last four weeks, McCormick lost 27.84 percent. Over the last 12 months, its price fell by 38.67 percent. Looking ahead, we forecast McCormick to be priced at 51.48 by the end of this quarter and at 46.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
McCormick & Company, Inc is engaged in manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry-retailers, food manufacturers and foodservice businesses. The Company also partners with various companies that are involved in the manufacture and sale of flavorful products. The Company operates in two business segments: Consumer and Flavor Solutions. The Company’s sales, distribution and production facilities are located in North America, Europe and China. Additional facilities are based in Australia, India, Central America, Thailand and South Africa.