|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||103.01 - 107.00|
|52 Week Range||90.25 - 111.46|
|PE Ratio (TTM)||16.63|
|Forward Dividend & Yield||2.08 (1.97%)|
|1y Target Est||N/A|
McCormick has been generating stellar earnings growth over the past two quarters. The company’s bottom line grew 31.6% YoY (year-over-year) in fiscal 1Q18, while it increased 21.3% in fiscal 4Q17. McCormick’s strong sales and impressive margins have continued to drive its earnings higher. However, higher interest, commodity, and transportation costs remain a drag.
McCormick (MKC) has seen double-digit sales and earnings growth over the past couple of quarters, and analysts expect the company’s top and bottom lines to mark double-digit growth in fiscal 2018.
McCormick (MKC) continues to gain from efficient buyouts and cost-saving initiatives. However, escalating raw material expenses are a concern.
Hormel Foods (HRL) is a dividend aristocrat. A dividend aristocrat is a company that has increased its dividend payout for 25 years or more. Hormel Foods has been paying an increased dividend for the last 52 years and has paid dividends since 1928.
Lawrence Kurzius says the hot sauce brand — popular with millennials — was one of the main reasons for its $4.2 billion acquisition of RB Foods.
J.M. Smucker (SJM) has announced the acquisition of Ainsworth Pet Nutrition, one of the leading pet food and snack manufacturers and distributors in the United States, for $1.9 billion. The move comes at a time when packaged food manufacturers are eyeing fast-growing brands and avenues to accelerate sales growth since demand for their traditional brands remains low. The above graph shows that J.M. Smucker’s pet portfolio is likely to expand with Ainsworth, which is a big positive as the pet foods market continues to grow at a healthy rate.
Speaking at McCormick's annual shareholders meeting, CEO Lawrence Kurzius explained how the spice maker is using new technology like artificial technology and blockchain to build "the McCormick of the future."
CEO Lawrence Kurzius was also critical of a move by Walmart to include its own private-label brand in a major discount promotion.
McCormick (MKC) delivers robust first-quarter fiscal 2018 results, which gains from acquisitions, well-chalked product strategies and savings initiatives.