MKC:CC - McCormick & Company: Offers Consistency In Volatile Markets But Overvalued
2024-05-03 09:00:00 ET
Summary
- McCormick & Company is a global spice manufacturer with operations in multiple global markets.
- MKC has a strong track record of dividend growth, with 37 years of consecutive raises. The dividend growth of MKC has been stronger than peers.
- Based on a dividend discount model, shares may be trading at a premium of approximately 14%.
Overview
There's a high probability that you have some McCormick & Company ( MKC ) spices in your cabinet at this very moment. They manufacture, distribute, and market their portfolio of spices, seasonings, and flavors across the globe. The company is primarily US-based but has operations within Europe, Asia, Africa, and several emerging markets. The company operates in two segments, which are Consumer and Flavor Solutions. The stock trades near all-time highs and has a dividend yield of only 2.2%. While the current prospects don't really scream bargain, but I believe that MKC can offer stability in volatile markets....
McCormick & Company: Offers Consistency In Volatile Markets But Overvalued