McCormick & Company D
D
MKC
48.120
USD
-0.59
(-1.20%)
Market Closed
Last updated: · Delayed 15 min
Volume
75,396
EPS
3
Div Yield
3.99
P/E
9
Market Cap
12,947,382,729
.webp)
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Market Summary: What Happened Yesterday and What Awaits us Today (January 23)
Title: McCormick & Company
Sector: Consumer Defensive
Industry: Packaged Foods
In its 135-plus-year history, McCormick has become the leading global manufacturer of spices, herbs, extracts, seasonings, and other flavorings. Beyond its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula. This mix is slated to be complemented by the pending addition of Unilever's food brands, primarily Knorr cooking aids and Hellmann's mayonnaise. After the deal closes, the combined business stands to generate 70% of sales from consumers and 30% from restaurants and other packaged food and beverage manufacturers. Around 40% of sales should be derived from faster-growing emerging markets, with Europe (around one-quarter) and North America (about one-third) accounting for the remainder.