McCormick Reaches New 52-Week High (MKC)

NEW YORK ( TheStreet) -- McCormick & Company (NYSE: MKC) hit a new 52-week high Monday as it is currently trading at $52.64, above its previous 52-week high of $52.26 with 25,671 shares traded as of 9:40 a.m. ET. Average volume has been 532,500 shares over the past 30 days.

McCormick has a market cap of $6.14 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 3.4% year to date as of the close of trading on Friday.

McCormick & Company, Incorporated engages in the manufacture, marketing, and distribution of flavor products and other specialty food products to the food industry worldwide. It operates in two segments, Consumer and Industrial. The company has a P/E ratio of 18.7, above the average food & beverage industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates McCormick as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full McCormick Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Nestle, Unilever, Tyson Join IBM's Long List of Blockchain Project Partners

Secondaries Get Primary Attention; Discerning Market -- Cramer's Top Thoughts

Trifecta Stocks: War of Words Heats Up as Economy Cools

Blame the Millennials: Cramer's 'Mad Money' Recap (Wednesday 8/9/17)

Cramer: Follow the Millennials