McCormick Stock Could Add Spice to Your Portfolio

McCormick & Company, Incorporated is a leading provider of spices, herbs and seasonings around the world. As global economic growth continues, demand from more than 150 counties makes this stock a potentially solid long-term investment. The company is due to report earnings before the opening bell on Tuesday, March 27.

The stock closed Friday, March 23, at $105.72, up 3.7% year to date and up 7.5% since setting its 2018 low of $98.34 on Jan. 23. The stock is 5.1% below its all-time intraday high of $111.46 set on March 12.

Analysts expect McCormick to post earnings per share of 91 cents when it reports results on Tuesday. The company has been successfully acquiring additional products and making enhancements. The one issue of concern is that raw material costs have been on the rise recently. (See also: Major Trends Disrupting the Food Industry.)

 

The provider of spices and herbs McCormick has an elevated P/E ratio of 28.57 and a reasonable dividend yield of 1.97%. …read more

Read more here: McCormick Stock Could Add Spice to Your Portfolio

Category: MKC

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