McCormick: Pricey And Spicy

9/12/17

McCormick & Company (NYSE:MKC) is a great company with 125+ years of heritage. The company has managed consistent growth in the past and growing dividends and shareholders' value at a good pace. The recent acquisition of Reckitt Benckiser’s food division is yet another moment in its history to fuel further growth. The financing required to fund this acquisition is creating a concern and could make its growth sub-par for the next few years. That might give an opportunity to acquire this stock at a more affordable value going forward. Right now, it is pricey, and I would not recommend an investment.

The company has positive growth in its revenue and net income in the past 3yr/5yr/9yr periods. The revenue growth in 9 of 9 past years and net income growth in 7 of past 9 years shows the consistency. This along with the healthy gross margin of 40%+ and a net margin of 14%+ displays its competitive advantage. This company is shortlisted for my portfolio of selected 'companies for the next decade and beyond'.

READ FULL ARTICLE HERE

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.

Baltimore Business Spotlight

Feature Your Business Here

Connect with these Baltimore Professionals on LinkedIn

  • Edwin Warfield

    Editor in Chief, Warfield Digital

    Connect
  • Jean Halle

    Independent Consultant

    Connect
  • Larry Lichtenauer

    President of Lawrence Howard & Associates

    Connect
  • Newt Fowler

    Partner at Womble Carlyle, LLP

    Connect
  • David Crowley

    Owner at Develop DC

    Connect
  • Carolyn Stinson

    Stinson Marketing Group

    Connect