McCormick & Co. is a hold for growth ahead

McCormick & Co. is a hold for growth ahead

The firm’s dependence on sales from restaurants and foodservice customers such as school cafeterias are a good reason why its year-to-date return remains negative. 

The stock trades at just 14.4 times the company’s 2021 earnings forecast.

MCCORMICK & CO. INC. (New York symbol MKC; www.mccormick.com) is a.. Read More

Spicemaker adds capacity

MCCORMICK & CO. INC. $86 remains a hold. The company (New York symbol MKC; Income Portfolio, Consumer sector; Shares outstanding: 267.0 million; Market cap: $23.0 billion; Price-to-sales ratio: 3.9; Dividend yield: 1.6%; TSINetwork Rating: Average; www.mccormick.com) continues to benefit from strong consumer sales of its… Read More

What is Pat’s commentary for the week of May 4, 2021

International Flavors & Fragrances recently completed its merger with the nutrition and biosciences business of DuPont. This follows another major purchase—the company’s 2018 acquisition of Frutarom, an Israel-based maker of flavourings.

As we often remind investors, using acquisitions to expand adds risk. However, these two purchases… Read More