U.S. markets closed
  • S&P Futures

    4,125.00
    +7.00 (+0.17%)
     
  • Dow Futures

    33,689.00
    +65.00 (+0.19%)
     
  • Nasdaq Futures

    13,821.00
    +22.25 (+0.16%)
     
  • Russell 2000 Futures

    2,251.20
    +6.20 (+0.28%)
     
  • Crude Oil

    62.83
    -0.32 (-0.51%)
     
  • Gold

    1,737.80
    +1.50 (+0.09%)
     
  • Silver

    25.50
    -0.02 (-0.09%)
     
  • EUR/USD

    1.1988
    +0.0004 (+0.04%)
     
  • 10-Yr Bond

    1.6380
    +0.0150 (+0.92%)
     
  • Vix

    16.99
    +0.34 (+2.04%)
     
  • GBP/USD

    1.3782
    +0.0002 (+0.01%)
     
  • USD/JPY

    108.8400
    -0.0870 (-0.08%)
     
  • BTC-USD

    63,329.40
    +15.01 (+0.02%)
     
  • CMC Crypto 200

    1,375.96
    +0.19 (+0.01%)
     
  • FTSE 100

    6,939.58
    +49.09 (+0.71%)
     
  • Nikkei 225

    29,654.53
    +33.54 (+0.11%)
     

How Does McCormick Compare to Peers on Key Moving Averages?

Sue Miller

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: