McCormick Reaches New 52-Week High (MKC)

NEW YORK ( TheStreet) -- McCormick & Company (NYSE: MKC) hit a new 52-week high Friday as it is currently trading at $55.26, above its previous 52-week high of $55.23 with 167,900 shares traded as of 10 a.m. ET. Average volume has been 589,900 shares over the past 30 days.

McCormick has a market cap of $6.47 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 9% year to date as of the close of trading on Thursday.

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 19.7, above the average food & beverage industry P/E ratio of 19.4 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, good cash flow from operations, solid stock price performance, 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.

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