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McCormick: A Little Rich, But A Great Growing Company

Dwight Baker profile picture
Dwight Baker
357 Followers

Summary

  • McCormick reported record revenue and exceeded EPS guidance in FY 21.
  • Consumer demand remains high, and the use of pricing power is in progress to offset costs.
  • Shares are trading higher than what I consider a current fair market price, but I think there is interesting potential.

Everything Bagel Spiced Sunny Side Up Eggs

LauriPatterson/E+ via Getty Images

McCormick (NYSE:NYSE:MKC) is a global leader in the flavor industry and easily qualifies as a dividend aristocrat with 36 years of consecutive dividend increases. I covered McCormick here at Seeking Alpha last October and since that

McCormick logo

Company Logo (McCormick)

McCormick - food preparation

Food Preparation (McCormick)

MKC stock Historic P/E

P/E Data (YCharts)

Seasoning images from field to end products

Seasoning (McCormick)

McCormick Historic Revenue Graph

Historic Revenue Data (MacroTrends)

McCormick Brands

McCormick Brands (McCormick)

This article was written by

Dwight Baker profile picture
357 Followers
I am an individual investor with over 30 years experience trading stocks and ETF's. I have researched stocks in a wide range of areas such as telecoms, REIT's, manufacturing, and energy to name a few. I expect to supplement my retirement with income derived from stock trading and dividends. My current focus is steady dividend income balanced with high growth opportunities. Anything I write may be considered a first step toward due diligence but it is my personal opinion only. I strongly recommend consulting an experienced, registered and qualified investment advisor before making all investment decisions.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Please note that I am not a financial advisor. The article should not be considered as a suggestion to buy or sell this or any other stocks. Consider this one source of a full range of due diligence you should undertake but is entirely my personal opinions. It is strongly recommended that you consult an experienced, qualified, and registered investment advisor before trading.

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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