Jim Cramer on McCormick: "It's Too Hard for Me"

McCormick & Company, Incorporated (NYSE:MKC) is one of the stocks in Jim Cramer’s game plan for this week. Cramer called the company stock “always reliable,” as he said:

“Then we get results from the always reliable McCormick. Problem is, though, reliability hasn’t been enough to move the needle for this stock. The spice maker still has a premium multiple at a time when the packaged food group has fallen totally out of favor in this market. Let’s put it this way, if any food company can do well on a slowdown, it’s McCormick because spices are excellent trade down material. The stock’s down nearly 10% for the year and well off its high, so it has a fair chance to bounce, but I just don’t trust the whole group. Earlier this week, Conagra reported, and it bounced a tad on an inline number, so there’s some hope. But food’s now a tough business. It’s too hard for me.”

McCormick & Company, Incorporated (NYSE:MKC) produces and sells spices, seasonings, condiments, and flavor products for consumers and food manufacturers. The company sells products under brands such as McCormick, French’s, Frank’s RedHot, Cholula, Lawry’s, and OLD BAY.

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Disclosure: None. This article is originally published at Insider Monkey.