NEW YORK ( TheStreet) -- McCormick & Company (NYSE: MKC) hit a new 52-week high Tuesday as it is currently trading at $56.22, above its previous 52-week high of $56.17 with 230,119 shares traded as of 12:40 p.m. ET. Average volume has been 566,800 shares over the past 30 days. McCormick has a market cap of $6.72 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 11% year to date as of the close of trading on Monday. 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 20.2, equal to the average food & beverage industry P/E ratio 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. See all 52-week high stocks or get investment ideas from our investment research center.