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McCormick Stock Riding the Acquisition Wave

Adrian Stevens
McCormick Stock Riding the Acquisition Wave

As of July 9, McCormick (MKC) stock had increased 13.0% since it reported stellar fiscal second-quarter results on June 28. McCormick sustained its strong sales and earnings momentum in the second quarter and exceeded analysts’ expectations, thanks to the incremental sales from its acquisition of RB Foods. As shown in the graph below, McCormick’s top line has grown at a double-digit rate in the past three quarters, while its earnings have grown more than 20%.