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Yahoo
12 hours ago
- Business
- Yahoo
Is McCormick Stock Underperforming the Dow?
Hunt Valley, Maryland-based McCormick & Company, Incorporated (MKC) is a global leader in flavor, producing and distributing spices, seasonings, and condiments. With a market cap of $19.6 billion, it operates in over 150 countries through its Consumer and Flavor Solutions segments. Categorized as a "large-cap stock," McCormick's valuation highlights its dominance in the flavor industry. Its innovative products and global reach underscore its position as a leader in the food sector. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer CoreWeave Stock Is Too 'Expensive' According to Analysts. Should You Sell CRWV Now? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. McCormick touched its 52-week high of $86.24 on Mar. 10 and is currently trading 15.1% below that peak. Meanwhile, MKC stock has dropped nearly 10% over the past three months, notably underperforming the Dow Jones Industrial Average's ($DOWI) 1.4% uptick during the same time frame. McCormick's performance has remained lackluster over the longer term as well. MKC stock has dropped 4% on a YTD basis and gained 6.7% over the past year, underperforming Dow's marginal 88 bps dip in 2025 and 8.6% gains over the past 52 weeks. To confirm the downturn, MKC stock has traded consistently below its 200-day moving average and mostly below its 50-day moving average since early April. McCormick's stock prices observed a marginal dip after the release of its Q1 results on Mar. 25. The company experienced a 2% growth in volumes, but it was mostly offset by currency headwinds, leading to its net sales growing by a modest 17 bps year-over-year to $1.6 billion, which missed the consensus estimates by 38 bps. Meanwhile, its adjusted EPS for the quarter decreased 4.8% year-over-year to $0.60, falling short of Street expectations by 6.3%. On a positive note, for the full fiscal 2025, the company expects to observe a low-single-digit growth in volumes and a gradual improvement in demand from China. While McCormick has marginally underperformed its peer Hormel Foods Corporation's (HRL) 3.9% drop on a YTD basis, it has significantly outpaced HRL's marginal 69 bps dip over the past 52 weeks. Among the 14 analysts covering the MKC stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $84.87 suggests a 15.9% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
12 hours ago
- Business
- Yahoo
Is CenterPoint Energy Stock Outperforming the Nasdaq?
Valued at $23.3 billion by market cap, Houston, Texas-based CenterPoint Energy, Inc. (CNP) operates as a public utility company. It operates through Electric and Natural Gas segments, serving nearly 7 million metered customers in Indiana, Minnesota, Ohio, and Texas. Companies with a market cap of $10 billion or more are categorized as "large-cap stocks." CenterPoint fits this description perfectly, with its market cap exceeding this threshold, reflecting its substantial size and influence in the utility sector. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer CoreWeave Stock Is Too 'Expensive' According to Analysts. Should You Sell CRWV Now? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Despite its strengths, CNP stock has dropped 9.5% from its all-time high of $38.31 touched on May 6. Over the past three months, CNP stock has dipped by a marginal 28 bps, notably underperforming the Nasdaq Composite's ($NASX) 11.7% surge during the same time frame. Nevertheless, CNP's performance has remained much more impressive over the longer term. CNP stock has soared 12.1% on a YTD basis and 14.7% over the past 52 weeks, outpacing Nasdaq's 1.2% uptick in 2025 and 9.4% gains over the past year. To confirm the longer-term bullish trend and recent dip in prices, CNP stock has traded consistently above its 200-day moving average since late September last year and dropped below its 50-day moving average earlier this month. CenterPoint Energy's stock prices rose 1.5% following the release of its mixed Q1 results on Apr. 24. Driven by favorable weather and increased energy usage, the company's overall revenues for the quarter surged 18.3% year-over-year to $1.8 billion, surpassing the consensus estimates by a notable margin. However, due to an increase in financing, maintenance, and operating expenses, the company's margins observed a significant contraction. Its non-GAAP EPS for the quarter dropped 3.6% year-over-year to $0.53, missing the Street's expectations. On a more positive note, CenterPoint has outperformed its peer Dominion Energy, Inc.'s (D) marginal 59 bps uptick in 2025 and 9.6% gains over the past 52 weeks. Among the 18 analysts covering the CNP stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $38.87 suggests a 9.3% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
