Mccormick dividend yield – McCormick: A Long-Term Investment Opportunity With 40% Discount and Dividend Aristocrat Status

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MCCORMICK ($NYSE:MKC): McCormick & Company Incorporated (NYSE: MKC) is a longstanding American producer of spices, seasonings, and condiments. This makes it an attractive option for dividend-seeking investors. Fortunately, McCormick’s share price has recently dropped 40%, making it an even more attractive investment. This creates a unique opportunity for long-term investors looking to add the company to their portfolio at a discounted rate.

McCormick’s low price-to-earnings ratio means that the current market price is undervalued compared to the company’s growth potential. With its combination of dividend aristocrat status, long history of dividend payments, low price-to-earnings ratio, and above-average dividend yield, McCormick is an excellent long-term investment opportunity for investors looking to capitalize on its 40% discount.

Dividends – Mccormick dividend yield

McCormick is an attractive long-term investment opportunity, currently offering a 40% discount and Dividend Aristocrat status. Over the past three years, the company has issued an annual dividend per share of 1.54 USD, 1.48 USD, and 1.36 USD respectively. This trend is expected to continue, with dividend yields from 2021 to 2023 at 1.85%, 1.62%, and 1.47%.

On average, the dividend yield should be around 1.65%. The stability of McCormick’s dividend payments makes it a great option for those looking for long-term investments with predictable returns.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Mccormick. McCormick_A_Long-Term_Investment_Opportunity_With_40_Discount_and_Dividend_Aristocrat_Status”>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Mccormick. McCormick_A_Long-Term_Investment_Opportunity_With_40_Discount_and_Dividend_Aristocrat_Status”>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Mccormick. McCormick_A_Long-Term_Investment_Opportunity_With_40_Discount_and_Dividend_Aristocrat_Status”>More…

Key Ratios Snapshot

Some of the financial key ratios for Mccormick are shown below. McCormick_A_Long-Term_Investment_Opportunity_With_40_Discount_and_Dividend_Aristocrat_Status”>More…

Analysis

GoodWhale recently conducted an analysis of MCCORMICK’s wellbeing. After reviewing MCCORMICK’s Star Chart and classifying it as a ‘cow’ type of company, which is known to have a track record of paying out consistent and sustainable dividends, we can determine what type of investors may be interested in such a company. MCCORMICK scored highly in terms of its cashflows and debt, with a health score of 7/10. This indicates that the company is capable of paying off its debt and funding future operations. Additionally, the company is strong in dividend, profitability, and weak in asset, growth. This makes it an attractive investment option for those looking for dividends and strong returns. McCormick_A_Long-Term_Investment_Opportunity_With_40_Discount_and_Dividend_Aristocrat_Status”>More…

Peers

The competition in the spice and flavoring industry is heating up. McCormick & Co Inc, the world’s largest spice company, is facing stiff competition from Nestle SA, Kellogg Co, and Campbell Soup Co. all of which are looking to gain a larger share of the $5 billion global market. While McCormick has long been the leader in the space, its competitors are quickly catching up, thanks to their strong brands and deep pockets.

– Nestle SA ($LTS:0RR6)

Nestle SA is a Swiss multinational food and drink processing conglomerate. The company has a market cap of 298.21B as of 2022 and a Return on Equity of 14.82%. The company was founded in 1866 by Henri Nestle and is headquartered in Vevey, Switzerland. Nestle SA is the world’s largest food company, with over 2,000 brands and operations in 189 countries. The company’s products include baby food, bottled water, cereals, coffee, dairy products, ice cream, pet food, and snacks.

– Kellogg Co ($NYSE:K)

Kellogg Co is a publicly traded company with a market capitalization of 26.13 billion as of 2022. The company has a return on equity of 33.71%. Kellogg Co is engaged in the manufacture and marketing of cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods. The company’s products are marketed under the Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, Morningstar Farms, and Kashi brand names.

– Campbell Soup Co ($NYSE:CPB)

Campbell Soup Company is a food and beverage company. It is engaged in manufacturing and marketing branded convenience food products. The company offers soups, sauces, beverages, biscuits, confectioneries, and prepared dishes. It operates through the following segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment includes soups and sauces in the United States, as well as simple meals, shelf-stable beverages and organic products in the United States and Canada. The Global Biscuits and Snacks segment comprises biscuits, cookies, crackers, salty snacks, and other snacks in Australia, Asia Pacific, Canada, Europe, and Latin America. The Campbell Fresh segment offers refrigerated soups, pasta, sauces, sandwiches, Bolthouse Farms beverages and salad dressings, refrigerated and frozen juices, carrots, and organic salads in the United States. The company was founded by Joseph A. Campbell in 1869 and is headquartered in Camden, NJ.

Summary

Its share price has decreased by 40% over the past year, making it an attractive buying opportunity for long-term investors. The company’s fundamentals remain strong, with a solid balance sheet, exhibiting strong cash flows and healthy margins. The company’s long-term track record of dividend increases is also a positive sign of its financial health, as well as its commitment to long-term shareholders.