McCormick & Company: Potential Recovery In Margins [Seeking Alpha]
Mccormick & Co, Inc (MKC.V)
Company Research
Source: Seeking Alpha
The company has a dominant market share in the global spices and herbs market, with a wide moat over competitors. Despite increased food inflation impacting margins, the company is expected to see margin recovery as inflation reduces. Investment Thesis McCormick & Company ( NYSE: MKC ) reported results on the 26th, March, beating on revenues and EPS so the share price jumped over 10%. MKC was founded in 1889 and is a dominant player in selling spices and seasonings to the food industry. They sport a wide moat, however, food inflation has increased cost of sales and the company has experienced a significant drop in margins. I am initiating a Buy on MKC as I see margins recovering as inflation reduces. Background MKC is a dominant player in the global spices and herbs market. They sport 20% market share in this category which is four times their closest competitor, and the market is forecast to grow at 4.67% CAGR to 2029. Their suite of intangible assets and strong relationsh
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- Cognizant signs a large, global infrastructure agreement with McCormick & Company, Inc. [Yahoo! Finance]Yahoo! Finance
- McCormick: Dividend Growth And Expenses Reduction Imply Undervaluation [Seeking Alpha]Seeking Alpha
- This Magnificent Dividend Stock Is Trading Close to a Once-in-a-Decade Valuation. Is It a Buy? [Yahoo! Finance]Yahoo! Finance
- With 83% ownership of the shares, McCormick & Company, Incorporated (NYSE:MKC) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance