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McCormick & Company Incorporated (MKC-V)

Upturn stock ratingUpturn stock rating
$82.01
Delayed price
Profit since last BUY2.19%
upturn advisory
Consider higher Upturn Star rating
BUY since 28 days
  • BUY Advisory
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  • SELL Advisory (Loss)​
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Time period over
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Upturn Advisory Summary

04/01/2025: MKC-V (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

ratingratingratingratingrating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit -24.68%
Avg. Invested days 36
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 21.84B USD
Price to earnings Ratio 28.29
1Y Target Price -
Price to earnings Ratio 28.29
1Y Target Price -
Volume (30-day avg) 4407
Beta 0.71
52 Weeks Range 65.41 - 85.50
Updated Date 04/1/2025
52 Weeks Range 65.41 - 85.50
Updated Date 04/1/2025
Dividends yield (FY) 2.19%
Basic EPS (TTM) 2.9

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-03-24
When Before Market
Estimate -
Actual -

Profitability

Profit Margin 11.67%
Operating Margin (TTM) 14.15%

Management Effectiveness

Return on Assets (TTM) 5.17%
Return on Equity (TTM) 14.66%

Valuation

Trailing PE 28.29
Forward PE 26.53
Enterprise Value 26275345277
Price to Sales(TTM) 3.25
Enterprise Value 26275345277
Price to Sales(TTM) 3.25
Enterprise Value to Revenue 3.91
Enterprise Value to EBITDA 19.98
Shares Outstanding 15505300
Shares Floating 264301027
Shares Outstanding 15505300
Shares Floating 264301027
Percent Insiders 20.27
Percent Institutions 8.83

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

McCormick & Company Incorporated

stock logo

Company Overview

overview logo History and Background

McCormick & Company was founded in 1889 in Baltimore, Maryland, by Willoughby M. McCormick. Initially a small spice company, it has grown into a global leader in flavors, seasonings, and condiments through organic growth and strategic acquisitions.

business area logo Core Business Areas

  • Consumer Segment: Sells spices, herbs, seasonings, condiments, and sauces to consumers through retail channels.
  • Flavor Solutions Segment: Provides flavor solutions, seasonings, and ingredients to food manufacturers and foodservice businesses.

leadership logo Leadership and Structure

Lawrence E. Kurzius serves as Chairman, President, and CEO. The company operates with a global organizational structure, dividing operations into regional business units.

Top Products and Market Share

overview logo Key Offerings

  • McCormick Spices and Seasonings: A wide range of spices, herbs, and seasonings used in home cooking. McCormick holds a significant market share in the spice category, estimated at around 20-25% in the US. Competitors include B&G Foods (BGS), Kerry Group (KRGA.IR), and private label brands.
  • Frank's RedHot: A popular hot sauce brand known for its flavor and heat. Frank's RedHot holds a substantial share in the hot sauce market, especially in North America. Competitors include Tabasco (owned by McIlhenny Company), Cholula (owned by McCormick), and Sriracha (Huy Fong Foods).
  • French's Mustard: A well-known mustard brand, commonly used in sandwiches and other dishes. French's maintains a strong position in the mustard market. Competitors include Heinz (KHC) and Gulden's (Conagra Brands CAG).

Market Dynamics

industry overview logo Industry Overview

The flavorings and seasonings industry is characterized by steady growth, driven by changing consumer preferences, increasing demand for convenient food products, and expanding global cuisine trends.

Positioning

McCormick is a leading player in the industry, with a strong brand portfolio, extensive distribution network, and focus on innovation. Its competitive advantages include brand recognition, scale, and diverse product offerings.

Total Addressable Market (TAM)

The global flavors and seasonings market is estimated to be over $50 billion. McCormick is positioned to capture a significant share of this TAM through its existing product lines and strategic expansions.

Upturn SWOT Analysis

Strengths

  • Strong brand portfolio
  • Extensive distribution network
  • Leading market share in key categories
  • Global presence
  • Consistent innovation

Weaknesses

  • Exposure to commodity price fluctuations
  • Dependence on retail channels
  • Susceptibility to changing consumer preferences
  • Potential for private label competition

Opportunities

  • Expanding into emerging markets
  • Developing new product categories
  • Acquiring complementary businesses
  • Leveraging e-commerce channels
  • Capitalizing on health and wellness trends

Threats

  • Intense competition
  • Changing consumer tastes
  • Economic downturns
  • Supply chain disruptions
  • Regulatory changes

Competitors and Market Share

competitor logo Key Competitors

  • BGS
  • KRGA.IR
  • CAG

Competitive Landscape

McCormick benefits from its brand recognition, scale, and diverse product portfolio. Disadvantages include exposure to commodity price fluctuations and intense competition.

Major Acquisitions

Reckitt Benckiser's Food Division

  • Year: 2017
  • Acquisition Price (USD millions): 4200
  • Strategic Rationale: Expanded McCormick's portfolio with iconic brands like French's and Frank's RedHot, strengthening its position in condiments and sauces.

Cholula Hot Sauce

  • Year: 2020
  • Acquisition Price (USD millions): 800
  • Strategic Rationale: Enhanced McCormick's hot sauce offerings and market position.

Growth Trajectory and Initiatives

Historical Growth: McCormick has demonstrated steady growth through organic initiatives and acquisitions.

Future Projections: Future growth projections from analysts vary and are subject to change.

Recent Initiatives: Recent initiatives include expanding into new markets, launching innovative products, and investing in digital capabilities.

Summary

McCormick & Company has a strong history of steady growth and is a leading player in the flavorings and seasonings industry. Its brand portfolio and distribution network are significant assets. However, it faces competition and commodity price volatility that require careful management. Strategic acquisitions and expansion into new markets are crucial for continued success.

Similar Companies

  • HSY
  • KHC
  • MDLZ
  • PEP
  • GIS

Sources and Disclaimers

Data Sources:

  • Company filings (e.g., 10-K reports)
  • Industry reports
  • Analyst estimates
  • Press releases

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered financial advice. Actual results may vary.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About McCormick & Company Incorporated

Exchange NYSE
Headquaters Hunt Valley, MD, United States
IPO Launch date 2003-10-07
President, CEO & Chairman Mr. Brendan M. Foley
Sector Consumer Defensive
Industry Packaged Foods
Full time employees 14100
Full time employees 14100

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; and McCormick and DaQiao brands in the Asia/Pacific, as well as markets desserts under the Aeroplane brand and packaged chilled herbs under the Gourmet Garden brand name; and markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

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