McCormick & Co Inc Ordinary Shares (Non Voting)
MKC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| sZ$ | LOCK|B# | LOCK|l#JD!W |
McCormick Earnings: Q1 Gains Eclipsed by Massive Unilever Deal; Shares Still a Bargain
McCormick's first-quarter organic sales growth of 1% and 100-basis-point adjusted gross margin gain to 38.6% were overshadowed by the $44.8 billion tie-up with Unilever's food arm, equating to 14 times 2025 EBITDA. The deal is set to close in mid-2027. McCormick shares are down midsingle digits.
