Why McCormick Stock Got Slammed Last Month
An influential report flagged companies that are vulnerable to rising food costs in the U.S.
Overview
Rising food prices in the U.S. weren't doing our comestibles industry any favors in September. They made finished food products more expensive to produce, and compelled consumers to be more cautious about their grocery shopping.
None of this was particularly good for spices, condiments, and flavorings specialist McCormick (NYSE:MKC), as evidenced by the stock's 16% decline over the course of that month. Did the company deserve the drubbing it took, however? I have my doubts.
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Originally published at www.fool.com.
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