McCormick (MKC) Shows Strength Despite Tariff Pressures, Says Bernstein

McCormick & Company, Incorporated (NYSE:MKC) ranks among the top consumer staples stocks according to hedge funds. The Bernstein SocGen Group kept its Market Perform rating on McCormick & Company, Incorporated (NYSE:MKC) while increasing its price target from $101 to $102 on June 27. The change comes after Bernstein characterized McCormick’s second-quarter 2025 performance as “solid.”

Since McCormick & Company, Incorporated (NYSE:MKC) sources around 17,000 ingredients from about 90 countries, its supply chain is more globally exposed than that of many other food manufacturers. As such, the company is subject to a 30% tariff on imports from China and a 10% tariff on imports from the most other nations.

According to Bernstein, these tariffs will raise McCormick’s cost of goods sold by an incremental 2% annually. McCormick’s ability to stick to its guidance while absorbing these tariff headwinds, according to the firm, shows “the strength of the underlying business.”

American food company McCormick & Company, Incorporated (NYSE:MKC) produces, distributes, and supplies the food industry as a whole with seasoning mixes, condiments, spices, and other products.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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