{"id":173,"date":"2020-05-30T01:52:16","date_gmt":"2020-05-30T01:52:16","guid":{"rendered":"https:\/\/mikemcmahon.info\/coach\/?p=173"},"modified":"2020-06-07T19:47:48","modified_gmt":"2020-06-07T19:47:48","slug":"mccormick","status":"publish","type":"post","link":"https:\/\/mikemcmahon.info\/coach\/mccormick\/","title":{"rendered":"McCormick"},"content":{"rendered":"\n

One sentence overview<\/strong>: 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.\u00a0<\/p>\n\n\n\n

McCormick Ticker : MKC\u00a0\u00a0\u00a0<\/p>\n\n\n\n

May 29, 2020 Stock Price: $175.16\u00a0<\/p>\n\n\n\n

May 29, 2020 Market Cap: $23.26B<\/p>\n\n\n\n

Total Shares Outstanding Recent Quarterly Report: 134 million shares<\/p>\n\n\n\n

<\/td>Jan 2020<\/strong><\/td>March Low<\/strong><\/td>Mar 31<\/strong><\/td>May 29,2020<\/strong><\/td>YTD %<\/strong><\/td><\/tr>
McCormick<\/td>$167<\/td>$113<\/td>$141<\/td>$175<\/td>4.7%<\/td><\/tr>
S&P 500<\/td>3231<\/td>2237<\/td>2585<\/td>3044<\/td>-5.6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

McCormick Investor Relations Page<\/p>\n\n\n\n

https:\/\/ir.mccormick.com\/investors<\/a><\/p>\n\n\n\n

McCormick SEC Page<\/p>\n\n\n\n

https:\/\/www.sec.gov\/cgi-bin\/browse-edgar?CIK=mkc&owner=exclude&action=getcompany<\/a><\/p>\n\n\n\n

McCormick Glassdoor Ratings<\/p>\n\n\n\n

https:\/\/www.glassdoor.com\/Reviews\/McCormick-and-Company-Reviews-E1627.htm<\/a><\/p>\n\n\n\n

McCormick Overview<\/strong><\/p>\n\n\n\n

McCormick has a long history of successfully acquiring company for over 100 years. In 2017 its biggest acquisitions was to acquire Reckitt Benckiser\u2019s. McCormick gained the French\u2019s mustard portfolio, Frank\u2019s \u201cRedHot\u201d hot sauce, and Cattleman\u2019s barbecue sauce. Both French\u2019s and Frank\u2019s occupy the No. 1 positions in the U.S. and restaurant, institutional, and home markets.\u00a0<\/p>\n\n\n\n

Products<\/strong><\/p>\n\n\n\n

McCormick has a 70 page PDF which details the purpose driven result of the company.<\/p>\n\n\n\n

https:\/\/p.widencdn.net\/wieaak\/2019_PLP_Progress_Report<\/a><\/p>\n\n\n\n

Business and Financial Drivers<\/strong><\/p>\n\n\n\n

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In the consumer goods sector, McCormick is a leader with pricing power.<\/p>\n\n\n\n

Future Outlook<\/strong><\/p>\n\n\n\n

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%).<\/p>\n\n\n\n

Disclaimer: I do not have any formal recommendation for or against this stock, so don\u2019t buy or sell stocks based solely on what you read.<\/em><\/p>\n\n\n\n

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