McCormick
One sentence overview: A world wide leader in manufacturing, marketing, and distributing spices, seasoning mixes, condiments, and other flavoring products for the industrial, restaurant, institutional, and home markets.
McCormick Ticker : MKC
May 29, 2020 Stock Price: $175.16
May 29, 2020 Market Cap: $23.26B
Total Shares Outstanding Recent Quarterly Report: 134 million shares
| Jan 2020 | March Low | Mar 31 | May 29,2020 | YTD % | |
| McCormick | $167 | $113 | $141 | $175 | 4.7% |
| S&P 500 | 3231 | 2237 | 2585 | 3044 | -5.6% |
McCormick Investor Relations Page
https://ir.mccormick.com/investors
McCormick SEC Page
https://www.sec.gov/cgi-bin/browse-edgar?CIK=mkc&owner=exclude&action=getcompany
McCormick Glassdoor Ratings
https://www.glassdoor.com/Reviews/McCormick-and-Company-Reviews-E1627.htm
McCormick Overview
McCormick has a long history of successfully acquiring company for over 100 years. In 2017 its biggest acquisitions was to acquire Reckitt Benckiser’s. McCormick gained the French’s mustard portfolio, Frank’s “RedHot” hot sauce, and Cattleman’s barbecue sauce. Both French’s and Frank’s occupy the No. 1 positions in the U.S. and restaurant, institutional, and home markets.
Products
McCormick has a 70 page PDF which details the purpose driven result of the company.
https://p.widencdn.net/wieaak/2019_PLP_Progress_Report
Business and Financial Drivers
In the consumer goods sector, McCormick is a leader with pricing power.
Future Outlook
Their financials are strong and a dividend aristocrat (company paid a dividend for 25 years or more) McCormick has paid a dividend since 1925. Their ten year return on capital was over 300% with dividend reinvestment (compared to S&P ten year return of 130%).
Disclaimer: I do not have any formal recommendation for or against this stock, so don’t buy or sell stocks based solely on what you read.
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