Hunt Valley, Maryland-based McCormick & Company, Incorporated (MKC) markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. Valued at a market cap of $17.7 billion, the company provides a wide range of flavor products used in home cooking, restaurants, and packaged foods through its iconic brands such as McCormick, Lawry’s, and Frank’s RedHot.
Shares of this packaged foods company have considerably underperformed the broader market over the past 52 weeks. MKC has declined 12.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.1%. Moreover, on a YTD basis, the stock is down 12.8%, compared to SPX’s 15.1% return.
