- Investing.com
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.
Flavor Market Leade | Explore McCormick's dominant position in spices and seasonings, leveraging the shift towards at-home cooking and evolving consumer preferences for flavorful ingredients |
Segment Performance | Delve into the contrasting trends between McCormick's thriving Consumer segment and the challenges faced by its Flavor Solutions division |
Financial Outlook | Analyst price targets for McCormick range from $67 to $96, reflecting mixed views on the company's growth potential and profitability |
Strategic Growth | Learn about McCormick's commitment to an above-industry average long-term growth algorithm, despite near-term challenges in fiscal years 2024 and 2025 |
Metrics to compare | MKC | Sector Sector - Average of metrics from a broad group of related Consumer Non-Cyclicals sector companies | Relationship RelationshipMKCPeersSector | |
---|---|---|---|---|
P/E Ratio | 25.5x | 17.9x | 11.7x | |
PEG Ratio | 1.60 | 0.65 | 0.03 | |
Price/Book | 3.8x | 2.4x | 1.5x | |
Price / LTM Sales | 3.0x | 1.5x | 0.9x | |
Upside (Analyst Target) | 11.8% | 20.3% | 23.7% | |
Fair Value Upside | Unlock | 16.5% | 9.6% | Unlock |