Jim Cramer on McCormick: “Some Parts of the Food Industry Are Getting it Right”

McCormick & Company, Incorporated (NYSE:MKC) is one of the top 10 S&P 500 winners of the day that Jim Cramer highlighted. Cramer mentioned the company during the episode and remarked:

“Then we’ve got McCormick, the spice company. This one’s a shocker because most of the food stocks have been given up… [or] left for dead. Turns out, some parts of the food industry are getting it right and their stocks are going up.”

A close-up of spices, herbs and seasoning mixes in a colorful array, highlighting the company’s range of products.

McCormick (NYSE:MKC) produces and distributes spices, seasonings, condiments, and related products under a wide portfolio of global and regional brands. During a March episode of Squawk on the Street, Cramer discussed the stock, as he said:

“And I just wanted to defend McCormick for a second, now they do have two percent volume growth. It’s not bad. They do have some currency that really knocked things down. People are not factoring it. If you factored in the currency which was bigger than they thought, it’s actually in-line. But what I like about McKormick best, is that people are, when people are . . .and don’t want to go out to expensive restaurants, they cook. And when you cook, you use spice. . .And McCormick is a spice company, and I think they’re gonna do very well if things get, uh, let’s say tougher in the country. Because do it yourself does well. And cooking does well. And McCormick will do well.”

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Disclosure: None.