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How Does McCormick Compare to Peers on Key Moving Averages?

Will Acquisitions Drive McCormick’s Fiscal 1Q16 Performance?

(Continued from Prior Part)

Moving averages

McCormick & Company (MKC) closed at $95.84 on March 23. It is trading 10% above its 100-day moving average, 7% above its 50-day moving average, and 2% above its 20-day moving average. The stock has risen 14% so far in 2016. McCormick’s peers in the industry include ConAgra Foods (CAG), Flowers Foods (FLO), and Pinnacle Foods (PF).

ConAgra Foods (CAG) closed March 23 at $43.31, which is 5.1% above its 100-day moving average, 4.3% above its 50-day moving average, and 0.4% above its 20-day moving average. The stock has risen 4% so far in 2016. Flowers Foods (FLO) closed at $18.38, which is 12.6% and 1.8% below its 100-day and 50-day moving averages, respectively, but 2.8% above its 20-day moving average. FLO has fallen 14% so far in 2016.

Pinnacle Foods is trading 1.8% and 1.4% above its 100-day and 50-day moving averages, respectively, but 3% below its 20-day moving average. The stock has risen 3% so far in 2016. It closed at $43.57 on March 23. 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 4.8%, 3.4%, and 0.39% above its 100-day, 50-day, and 20-day moving averages, respectively. It closed at $120.29 on March 23. 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 9.5% for CAG, 1.3% for FLO, and 10.6% for PF over the next 12 months. As of March 23, MKC, CAG, and PF have risen 12.0%, 3.0%, and 2.6%, respectively, on a YTD (year-to-date) basis, while FLO has fallen 14.5%. RHS has risen 3.7% YTD.

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