{"id":68833,"date":"2026-06-23T15:50:16","date_gmt":"2026-06-23T15:50:16","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/68833\/"},"modified":"2026-06-23T15:50:16","modified_gmt":"2026-06-23T15:50:16","slug":"jim-cramer-says-mccormick-is-still-reeling-from-their-deal-to-buy-unilevers-food-business-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/68833\/","title":{"rendered":"Jim Cramer Says McCormick \u201cIs Still Reeling From Their Deal to Buy Unilever\u2019s Food Business\u201d"},"content":{"rendered":"\n

McCormick & Company, Incorporated (NYSE:MKC<\/a>) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down<\/a>. Cramer expects to hear a Unilever deal justification from the management, as he remarked:<\/p>\n

Also, on Thursday, we hear from McCormick. This is the spices and seasoning stock. It is still reeling from their deal to buy Unilever\u2019s food business, which Wall Street thinks was a colossal overpay. Let\u2019s see what management says to justify it. The stock\u2019s been crushed.<\/p>\n

\"\" <\/p>\n

Stock market data. Photo by Jakub Zerdzicki on Pexels<\/p>\n

McCormick & Company, Incorporated (NYSE:MKC) produces and sells spices, seasonings, condiments, and flavor products for consumers and food manufacturers. Cramer discussed the company\u2019s food brand acquisition from Unilever during the April 10 episode, as he said:<\/p>\n

I want to contrast that with how I handled myself the previous day with Brendan Foley, the CEO of McCormick, the spice company. Brendan\u2019s just done a gigantic deal with Unilever to buy Hellmann\u2019s mayonnaise from them, among other brands. Wall Street clearly thought he paid too much because the stock cratered. Now, I disagreed. I thought it looked like a good deal, but looking back, I think I gave Brendan a free pass because I didn\u2019t press him on the cost, which was pretty high.<\/p>\n

Some would say outrageously high during an era where the packaged food space is under siege. I could hear Mark (the late Mark Haines, CNBC anchor) in my brain saying, how could you run those brands better than Unilever? Why did you give away so much of the company? I mean, these are the questions he would\u2019ve asked with immediate follow-up if the questions weren\u2019t satisfactory. He wasn\u2019t there to make friends. He was there to see if the CEO knew what he was doing.<\/p>\n

While we acknowledge the potential of MKC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/a>.<\/p>\n

READ NEXT: 33 Stocks That Should Double in 3 Years<\/a> and 15 Stocks That Will Make You Rich in 10 Years<\/a>\u00a0<\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"McCormick & Company, Incorporated (NYSE:MKC) was among the stocks Jim Cramer discussed as he said that the Iran…\n","protected":false},"author":2,"featured_media":68834,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20694],"tags":[31956,27942,31955,30002,12213],"class_list":["post-68833","post","type-post","status-publish","format-standard","has-post-thumbnail","category-unilever","tag-brendan-foley","tag-jim-cramer","tag-mark-haines","tag-mccormick-company","tag-unilever"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116800220214239546","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/68833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=68833"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/68833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/68834"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=68833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=68833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=68833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}