McCormick (MKC) is a leading global provider of spices, seasonings, condiments, and flavors. The business sells its products to both consumer and industrial clients. McCormick has been in business for 125 years; the company was founded in 1889. McCormick sells its spices under a wide variety of brands.
McCormick is not a buy at this time based on the 5 buy rules from the 8 Rule of Dividend Investing. McCormick has stable cash flows and operates in the slow changing spice and flavoring industry. It is the dominant player in many of the regions in which it operates. McCormick's strong brands and stability provide safety. The stock appears to be somewhat overvalued at this time, and offers shareholders a CAGR of between 6% and 9%. McCormick is a solid long-term investment with a long growth runway in international markets and little risk of product obsolescence.
Source: Seeking Alpha
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