Jim Cramer Thinks A McCormick Acquisition Of Unilever’s Food Division Could Spark A Packaged Food Stock Rally

McCormick & Company, Incorporated (NYSE:MKC) is one of the stocks in the recent Mad Money recap of everything Jim Cramer said about his upcoming game plan. Cramer started his game plan with the stock and said:

Now, one thing I am hoping for this weekend that could be good is that McCormick, the flavor and spice company, I’m hoping they’ll buy Unilever’s food division. We heard this morning that they were in talks. It could be expensive, absolutely, but these kinds of brands, Hellmann’s mayonnaise, Knorr’s soups, Colman’s mustard, they don’t come up for sale very often. And this group is so challenged for growth that I hope McCormick buys some. Yes, they could dominate whole aisles in the supermarket after this acquisition. That’s the only way to get a packaged food stock rally in this environment. They’re one of the worst groups in the entire market.

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McCormick & Company, Incorporated (NYSE:MKC) produces and sells spices, seasonings, condiments, and flavor products for consumers and food manufacturers. It is worth noting that Cramer mentioned the stock as part of his game plan presented during the January 16 episode, and said:

The food stocks have been miserable, but one that still has a premium multiple because of its impressive growth from yesteryear is McCormick. We’re going to, look, you know what, we have to see if that can stick. Now, I liked this stock before, when the growth was from overseas. I frankly don’t know if it’s capable of really beating the numbers anymore, though. The packaged food business, I’m calling it the new coal in this market.

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