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Flavor Market Leade | McCormick & Co. dominates the global spice and seasoning industry, with a diverse product portfolio and established distribution networks worldwide |
Segment Performance | Consumer segment shows robust growth, while Flavor Solutions faces challenges. Analysts adjust estimates based on shifting market dynamics |
At-Home Cooking Trend | Explore how the shift towards home-prepared meals presents opportunities for McCormick to innovate and expand its market presence |
Future Prospects | Analyst price targets range from $69 to $76, reflecting mixed views on McCormick's ability to navigate market challenges and capitalize on growth opportunities |
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French’s, Frank’s RedHot, Lawry’s, Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other brands in Australia, as well as markets regional and ethnic brands, such as Zatarain’s, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.
Metrics to compare | MKC | Sector Sector - Average of metrics from a broad group of related Consumer Non-Cyclicals sector companies | Relationship RelationshipMKCPeersSector | |
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P/E Ratio | 27.0x | 24.6x | 11.7x | |
PEG Ratio | 1.20 | −0.17 | 0.03 | |
Price/Book | 3.9x | 2.5x | 1.5x | |
Price / LTM Sales | 3.2x | 1.5x | 0.9x | |
Upside (Analyst Target) | 7.3% | −2.0% | 17.9% | |
Fair Value Upside | Unlock | 6.2% | 9.1% | Unlock |