10 Best Packaged Food Stocks to Buy Now

8. McCormick & Company, Incorporated (NYSE:MKC)

Number of Hedge Fund Holders: 40

McCormick & Company, Incorporated (NYSE:MKC) manufactures, markets, and distributes packaged spices, seasonings, herbs, condiments, and flavors to the entire food and beverage industry, including food manufacturers, retailers, and food service businesses. Its operations are divided into the Consumer and Flavor Solutions segments. The Consumer segment sells its products to retail channels under various brands, including French’s, Frank’s RedHot, Lawry’s, Zatarain’s, Simply Asia, Thai Kitchen, and more. The Flavor Solutions segment offers a range of packaged products to food service customers and food manufacturers.

The company reported volume-driven performance in its fiscal Q1 2025 results, reflecting the success of its prioritized investments. It attained share gains in core categories across key markets, delivering volume growth in the Consumer and Flavor Solutions segments.

In a report released on April 9, Robert Dickerson from Jefferies reiterated a Buy rating on McCormick & Company, Incorporated (NYSE:MKC) and set a price target of $89.00. The company ranks eighth on our list of the best packaged food stocks to invest in now.