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How Does McCormick Compare to Peers on Key Moving Averages?

McCormick's 1Q16 Earnings: Off to a Good Start in Fiscal 2016?

(Continued from Prior Part)

Moving averages

McCormick & Company (MKC) closed at $99.75 on March 30. MKC is trading 13.5% above its 100-day moving average, 10% above its 50-day moving average, and 5% above its 20-day moving average. The stock has risen ~17% YTD (year-to-date).

McCormick’s peers in the industry include ConAgra Foods (CAG), Flowers Foods (FLO), and Pinnacle Foods (PF). ConAgra Foods (CAG) closed March 30 at $44.95, which is 8.7% above its 100-day moving average, 7.3% above its 50-day moving average, and 3.2% above its 20-day moving average. The stock has risen ~7% YTD.

Flowers Foods (FLO) closed the day at $18.56, which is 10.2% below its 100-day moving average, 0.2% above its 50-day moving average, and 2.3% above its 20-day moving average. FLO has fallen ~14% YTD.

Pinnacle Foods is trading 3.8% and 3.2% above its 100-day and 50-day moving averages, respectively, but 1.5% below its 20-day moving average. The stock has risen ~5% YTD. It closed at $44.46 on March 30.

The Guggenheim S&P 500 Equal Weight Consumer Staples ETF (RHS) invests 2.5% of its holdings in MKC and 2.7% of its holdings in CAG. RHS is trading 6.2%, 4.5%, and 1.5% above its 100-day, 50-day, and 20-day moving averages, respectively. It closed at $122.27 on March 30. RHS has risen 5.4% YTD. The PowerShares S&P 500 Low Volatility Portfolio (SPLV) also invests 1.1% of its holdings in MKC.

Analysts’ estimates

Analysts’ estimates indicate rises of 6.5% for CAG, 0.35% for FLO, and 9.1% for PF over the next 12 months. McCormick has already beaten estimates by 9.4% as of March 30.

Browse this series on Market Realist: