From Yahoo Finance: 2025-04-11 16:15:00

1. The US packaged food market hit $1.03 trillion in 2021, with a projected 4.8% CAGR from 2022 to 2030. Factors like convenience, e-commerce, and innovation in plant-based products are driving growth.
2. Consumer staples historically outperform the S&P 500 in recessions, but weak volume growth and high prices pose risks. Strong EPS is key for stock prices in the sector.
3. Top consumer staples stocks share traits like solid balance sheets and US manufacturing presence. Earnings strength drives stock performance in uncertain economic conditions.
4. McCormick & Company (MKC) ranks 8th on the list of best packaged food stocks to buy now. The company reported volume-driven growth in fiscal Q1 2025, prompting a Buy rating with a price target of $89.00 from Jefferies.
5. MKC manufactures and distributes spices, seasonings, and flavors. While it shows promise as an investment, some AI stocks may offer higher returns in a shorter timeframe. MKC ranks lower due to this potential.
6. Hedge funds favor MKC, with 40 holders. The company serves the entire food and beverage industry, focusing on retail channels and food service customers. Its Q1 2025 results reflect successful investments and share gains.
7. Investors can outperform the market by following hedge fund stock picks. Insider Monkey’s strategy has returned 373.4% since May 2014. For more details, check out their quarterly newsletter.
8. For further insights, explore the list of 30 packaged food stocks with the top 10 favored by hedge funds. Learn why hedge fund activity is a key indicator for potential market outperformance.

Read more: Is McCormick & Company (MKC) One of the Best Packaged Food Stocks to Buy Now?