Richard Drury/DigitalVision via Getty Images Overview There’s a high probability that you have some McCormick & Company (NYSE:MKC) spices in your cabinet at this very moment. They manufacture, distribute, and market their portfolio of spices, seasonings, and flavors across the globe. The company is primarily US-based but has operations within Europe, Asia, Africa, and several…
Sydney James/DigitalVision via Getty Images Investment Thesis McCormick & Company (NYSE:MKC) reported results on the 26th, March, beating on revenues and EPS so the share price jumped over 10%. MKC was founded in 1889 and is a dominant player in selling spices and seasonings to the food industry. They sport a wide moat, however, food…
Tom Werner McCormick & Company, Incorporated (NYSE:MKC) recently delivered better than expected EPS, continues to pay dividends, and reports a 5 year dividend growth rate of 8.35%. Given recent successful pricing strategies and the global operating efficiency savings programs, I believe that we can expect operating profit margin growth and profit margin growth. In addition,…
SGAPhoto Investment thesis Our current investment thesis is: MKC is a quality business but the timing is not correct in our view. The business has developed well during the last decade but several decisions were made that now leave the company in a weaker position than it otherwise would be. Interest payments are rising fast…
Justin Sullivan (A Long) Introduction It’s time to talk about one of the most reliable wealth growers of the past decade: McCormick & Company (NYSE:MKC). Going back to 1993, MKC shares have turned a $10,000 investment into more than $190,000. This beats an equal investment in the S&P 500 ETF (SPY) by almost $10,000. Data…
Hazal Ak/iStock via Getty Images McCormick & Company (NYSE:MKC) is scheduled to report its third fiscal quarter earnings in the pre-market session on Tuesday. Here’s what investors need to know. McCormick Stock Key Metrics Through the first half of fiscal 2023, MKC has grown sales by 5.4% to +$3.2B, driven primarily by pricing actions taken…