McCormick & Company

Now, where have we heard that before? Oh, right, here in the state of Maryland.

Remember McCormick and Schmidt seasoning? Yeah, the spices.

Right, so...

So they were going to leave the state of Maryland because Governor Moore threatened to raise taxes on them as well.

So they actually had a meeting.

I guess they hashed things out because McCormick is still here.

But if you've noticed, there are many corporations, big businesses, executives that are telling everybody up front they are leaving blue states and they're heading to red states.

So Paramount on their list, like places they want to go as they leave California, Texas, Georgia and Tennessee.

A survey of 2,000 workers found that roughly 40% wait to buy groceries and other essentials until after they're paid, reported Finance Buzz.

In other news, the Campbell's Company, ConAgra Foods, and McCormick & Company are among the CPG's warning of further price increases as 2026 comes to a close.

Sustained rises in energy and fertilizer costs, weather-related supply disruptions, and tariffs are among the reasons cited for the coming price hikes, reported Bloomberg.

Elsewhere, legacy F&B brands are driving consumer purchase growth of late.

And they're going to combine that with Cormac, which is spices in the spice aisle, or French's mustard or Frank's red hot sauce.

That's McCormick.

It's a good company.

Unilever shareholders are going to end up with shares in McCormick in addition to Unilever.

That creates some messiness that a lot of people don't like, but that's probably weighing on the stock to some degree, as is the fact that it underperformed somewhat historically, but it sounds like results are getting better.

And there's a lot to like, there's a lot to like about the business and it's still trading at a discounted valuation multiple, despite the recent move up.

I like areas that I feel more comfortable with finances and that I don't have to question the consumer.

McCormick got downgraded by TD Cowan to hold from buy with its price target cut to $55 from $60.

Weakness in the U.S. food, service, and flavor businesses, along with concerns that McCormick is losing market share in seasonings.

The firm was upgraded to buy from Hold by Wolf Research with a $60 price target.

The analyst believes the stock's recent underperformance, despite strong earnings, has created a better risk-to-reward opportunity.

Companies from ConAgra to Campbell's are planning to raise prices on certain products, including frozen dinners and meals, to maintain profit margins.

Spice and condiment maker McCormick & Company has said it expects higher prices to bolster results in the second half of this year.

Campbell's says it plans to raise prices by 4 to 5% on about 60% of its products, mostly meals and snacks.

That's news when you want it with Bloomberg News Now.

Wait a minute.

What are we talking, like McCormick? We talking about a spi- or that spicy cubes-

Yeah

... that people eat [laughs] when, when they, when they're all horned up.

You don't know what I'm talking about?

No.

Oh, McCormick.

Yeah.

Liz Miller, Global Client Partner at NIT, joins the Food for Thought Podcast today to discuss the findings of a survey that the Market Research Agency executed in partnership with McCormick's Shopper Insight Group.

The study focuses on what's driving consumer decision-making in grocery stores today, particularly around the various categories in which McCormick & Company plays.

Miller digs into the details of the study's findings around how people determine value and how price is still important, but it may not tell the whole story for all consumers.

I hope you enjoy the episode.

You don't need to buy bay leaves when you live over here.

You can just, even though I have from the spice company, McCormick, I guess.

Shout out McCormick, the spice

company.

Our sponsor of today's video.