Analysts Just Turned Bearish on These 5 Stocks

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

Number of Hedge Fund Holders: 34

Argus lowered his ratings for McCormick & Company, Incorporated (NYSE:MKC) from “Buy” to “Hold” on Wednesday, July 6, 2022. The downgrade was based on the elevated input costs and comparatively high valuation of the stock.

Separately, McCormick & Company, Incorporated (NYSE:MKC) appeared in the third-quarter 2021 investor letter of investment management firm ClearBridge Investments. Here’s what the firm said about McCormick & Company, Incorporated (NYSE:MKC):

“Within consumer staples, we sold out of Unilever, a great company and sustainability leader that we believe faces margin headwinds as it invests to promote growth, and replaced it with McCormick, a leader in food seasonings and flavors. McCormick is a high-quality business that has lagged recently due to the negative COVID-19 impacts on the business, which provided us with an attractive entry point. The company is also levered to the healthy eating trend, as seasonings are a healthier substitute for sugar and fat.”