Consumer Products Sell Off After Amazon/Whole Foods Tie-Up; Shares Still Not Overly Attractive
Consumer products firms (including household and personal-care and packaged-food firms) sold off early on June 16 (with most ticking down at a low- to mid-single-digit rate) in response to news that Amazon intends to acquire Whole Foods Market in a $14 billion all-cash transaction. While we understand the strategic rationale for the deal for Amazon--giving it an opportunity to gain a larger brick-and-mortar presence, as well as access to higher-quality fresh food, which helps its ambitions to ex...McCormick & Co. manufactures, markets and distributes spices, seasoning mixes, condiments and other flavor products to the food industry- retailers, food manufacturers and foodservice businesses. The company also is partner in a number of joint ventures that are involved in the manufacture and sale of flavor products. The company's business segments comprised of: consumer, in which the company markets its products to customers and supplies private label items, known as store brands; and flavor solutions, which provides a range of flavor solutions including seasoning blends, spices and herbs, condiments, coating systems and compound flavors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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