Published on 24 May 2024 on Simply Wall St. via Yahoo Finance
For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you try your hand at stock picking, you risk returning less than the market. Unfortunately, that's been the case for longer term McCormick & Company, Incorporated (NYSE:MKC) shareholders, since the share price is down 19% in the last three years, falling well short of the market return of around 19%.
Since McCormick has shed US$620m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.