McCormick & Company Inc.(MKC) – Pricing actions to improve the sales growth

McCormick & Company’s report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.

McCormick & Company Inc .(MKC) (Q1FY23)

Introduction

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, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as 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 food service customers. It serves food service customers directly and indirectly through distributors.

Highlights

McCormick is introducing a range of new products in H1FY23 to the meet consumer demands. In the Americas, it is launching new grilling flavors and dry seasoning rubs that capture authentic hardwood smoke flavor. MKC is also expanding its Tabitha Brown line, introducing creamy roasted garlic mustard, and launching a world flavors line.

Stock Performance

McCormick & Company’s stock gave returns of 23.9% and 3.9% in the period of three months and one year. The stock has a 52- week high of $93 and a 52-week low of $70.60. The stock gave returns of 4.4% and CAGR of 1.4% over a period of three years. The stock had a 200-Day Moving Average of $80.85 and a 50-Day Moving Average of $86.51.

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 33

To download the previous quarter’s equity report CLICK HERE

Follow our LinkedIn page for more updates