受经济衰退焦虑拖累的精选食品股

• Packaged food stocks remain under pressure on Monday as increased risks of a U.S. recession weighs on the sector.
• While losses seem to be more heavily concentrated in small cap stocks, some mid-cap and large-cap names are also experiencing outsized losses, including Hormel (HRL), McCormick (NYSE:MKC) and Kraft Heinz (KHC).
• Among mid-cap, Darling Ingredients (DAR), and Central Garden & Pet (CENT) are both lower by 4%, while small-caps like Herbalife (HLF) and BRC Inc. (BRCC) are both in the red by more than 8%.
• The broader market decline was triggered by soft U.S. economic data last week that rekindled recessionary concerns, compounded by rising tensions in the Middle East, rioting in the UK, and a rate hike in Japan that crushed yen carry trades. U.S. exchanges are off their opening lows, but remain deep in negative turf for a third consecutive day.

More on McCormick

• McCormick: Cook Up Solid Returns With This Undervalued Dividend Aristocrat
• McCormick: Spice Up Your Diversification As The Company Returns To Growth
• McCormick & Company, Incorporated (MKC) Q2 2024 Earnings Call Transcript
• McCormick & Company reports improved profit from a year ago
• McCormick Non-GAAP EPS of $0.69 beats by $0.10, revenue of $1.64B beats by $10M