McCormick & Company Incorporated


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SKU: MKC-1-1 Category:


McCormick has been a wonderful defensive consumer stock for many years. The company delivered a decent year-to-date financial performance as a result of the successful execution of the management’s strategies and the company is on track for a fairly good 2022. Its revenue growth was in the low-single-digits for the past quarter but it has consistently delivered double-digit net margins as a result of its strong product offerings and broad global portfolio. McCormick’s consumer segment sales continued to reflect the sustained shift to higher at-home consumption than pre-pandemic levels, despite being at a year-ago high. Moreover, their Flavor Solutions segment is growing due to strong demand from restaurants and other foodservice customers, partly due to the recovery from the year-ago period’s reduced away-from-home dining. The management has an interesting 2022 innovation pipeline. We give the stock a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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