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McCormick: Year-Long Pullback Finally Has Shares Looking Attractive

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Passive Income Pursuit


  • McCormick is a Dividend Champion with 35 consecutive years of dividend growth. Shares currently yield 1.69%.
  • McCormick free cash flow generation has improved substantially over the last 10 years.
  • McCormick's debt ratios are higher than I'd like due to various acquisitions over the last several years; however, I believe that management will follow through with de-levering.
  • McCormick's share price got ahead of itself due to COVID and has since pulled back nearly 20% over the last year.

McCormick Recalls Some Of Its Popular Seasonings Due To Possible Salmonella Contamination

Justin Sullivan/Getty Images News

McCormick (NYSE:MKC) is the largest spice and flavoring business sector with over 20% market share. The majority of sales comes from everyday consumers with restaurants and other businesses accounting for the remainder.

McCormick has always appeared

Data by YCharts

MKC Dividend History

MKC Dividend Payout Ratios

MKC Revenue Profits and Cash Flow

MKC 5 Year Financial CAGRs

MKC Margins

MKC Free Cash Flow Returns

MKC Free Cash Flows

MKC Shares Outstanding

MKC Debt to Capitalization

MKC Debt Ratios

Data by YCharts

McCormick Dividend Yield Theory

McCormick Dividend Discount Model

This article was written by

Passive Income Pursuit profile picture
I started a dividend growth investment strategy a few years ago and am aggressively growing my portfolio to churn out enough dividends to reach financial independence.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MKC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not a financial professional. Please consult an investment advisor and do your own due diligence prior to investing. Investing involves risks. All thoughts/ideas presented in this article are the opinions of the author and should not be taken as investment advice.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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