Even Though it’s Well Off its Highs, McCormick Still Seems Pricey
Shares of McCormick (MCK) might get a boost from restaurants re-opening, but the stock still seems too high to buy.
Shares of McCormick (MCK) might get a boost from restaurants re-opening, but the stock still seems too high to buy.
McCormick (MKC) had a fantastic quarter with 27% profit growth. But is the stock too high to buy with a 34 P/E?
McCormick (MKC) is seeing less demand from restaurants, and more from people cooking at home. Let’s see the profits.
McCormick (MKC) might have to reduce profit estimates as it has a factory in Wuhan, the center of the coronavirus.
McCormick’s (MKC) profits grew a solid 14% last qtr with the help of Zatarain’s frozen meals & Street Taco spices.
McCormick (MKC) just broke out to an All Time high after profit growth of 14% was better than expected. But is MKC too high?
McCormick (MKC) got a boost to profits when it acquired Frank’s Red Hot. Now, growth has cooled back down.
McCormick (MKC) bought Frank’s Red Hot in 2017, which kicked sales and profits up a notch. But that was more than a year ago. Now growth has simmered down.
Frank’s Red Hot sauce and French’s mustard helped McCormick (MKC) boost sales and profits 14% last qtr. Here’s Sharek’s outlook on the stock for 2019.
McCormick (MKC) has a new-toy to play with, as its purchase of Frank’s Red Hot gives the company room to expand the brand.
Frank’s Red Hot Sauce has kicked McCormick (MKC) profit growth up a notch. Now MKC is expected to have it’s fastest profit growth since 2010.
2017’s acquisition of Reckitt, which owned French’s and Frank’s Red Hot is helping boost McCormick’s (MKC) profits and sales. And since last summer, the stock has been hot.
Shares of McCormick (MKC) have been basing for a year-and-a-half now, and I think it might be ready to make a move higher as it expands on its new Frank’s Red Hot line.
McCormick (MKC) is acquiring French’s Mustard and Frank’s Red Hot Sauce, but the big positive is the decline of the U.S. dollar which could help profits grow 10% this year.
McCormick (MKC) is in a slower growth period right now, but profit growth looks to return to the double-digit level later in the year.
McCormick (MKC) delivered 9% profit growth last year, which is in line with management’s 9-11% long-term goal. Here’s where I see the spice maker in 2017.
Even after 126 years, McCormick (MKC) is growing with Lawry’s, Zatarain’s and Grill Mates. It’s latest innovations include roasted ground cinnamon and gingerbread spice.
McCormick (MKC) is expected to have 12% profit growth the next 2 qtrs, up from 0% last qtr. But will a high P/E hold the stock back?
Spice company McCormick (MCK) ran from $75 to $100, but when the P/E got too high the stock settled back down.
Stock market volatility has investors scurrying into safe stocks like McCormick (MKC). But with lackluster growth and a P/E around a ten-year high, this is a good time to take some profits in MKC.