Trade-Ideas LLC identified

McCormick

(

MKC

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified McCormick as such a stock due to the following factors:

  • MKC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $91.8 million.
  • MKC has traded 6,167 shares today.
  • MKC is trading at a new lifetime high.

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More details on MKC:

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates through two segments, Consumer and Industrial. The consumer segment offers spices, herbs, seasonings, and dessert items. The stock currently has a dividend yield of 1.9%. MKC has a PE ratio of 26. Currently there is 1 analyst that rates McCormick a buy, 1 analyst rates it a sell, and 7 rate it a hold.

The average volume for McCormick has been 878,600 shares per day over the past 30 days. McCormick has a market cap of $11.6 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 8.5% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates McCormick as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • MKC's revenue growth has slightly outpaced the industry average of 2.8%. Since the same quarter one year prior, revenues slightly increased by 2.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Food Products industry average. The net income increased by 0.8% when compared to the same quarter one year prior, going from $148.00 million to $149.20 million.
  • 45.72% is the gross profit margin for MCCORMICK & CO INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 12.41% significantly outperformed against the industry average.
  • Net operating cash flow has increased to $273.40 million or 20.01% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -26.84%.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.

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