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McCormick & Company, Incorporated (NYSE:MKC ) Barclays 18th Annual Global Consumer Staples Conference 2025 September 3, 2025 12:45 PM EDT Company Participants Brendan Foley - President, CEO & Chairman Marcos Gabriel - Executive Vice President & Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Bank PLC, Research Division Presentation Andrew Lazar MD & Senior Research Analyst Great. Well, thanks, everybody.
McCormick is a market leader in spices and seasonings, with a strong history of organic growth and strategic acquisitions driving long-term revenue expansion. The stock offers a decade-high dividend yield, robust dividend safety, and a 39-year record of annual increases, making it attractive for dividend growth investors. Despite recent share price declines and moderate leverage, McCormick remains undervalued based on historical P/E ratios and fair value models, with positive analyst sentiment.
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McCormick & Company, the spice, seasoning, and sauce company based in the United States, announced on Thursday that it will acquire an additional 25% ownership stake in its long-standing joint venture with Grupo Herdez (HERDEZ.MX) in Mexico.
McCormick said on Thursday it will raise its stake in its Mexico joint venture to 75% by acquiring 25% more for $750 million as the condiments maker seeks to expand further in Latin America.
Signs Agreement to Acquire Controlling Interest in McCormick de Mexico Expands Presence in Condiment and Sauces in Emerging Markets Expects Net Sales, Adjusted Operating Margin, and Adjusted EPS Accretion in the First Year HUNT VALLEY, Md. , Aug. 21, 2025 /PRNewswire/ -- McCormick & Company Inc. (NYSE: MKC) (the "Company"), a global leader in flavor, today announced that it has signed a definitive agreement, subject to customary closing and regulatory conditions, with Grupo Herdez to acquire an additional 25% ownership interest in McCormick de Mexico, a joint venture formed in 1947, for $750 million.
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HUNT VALLEY, Md. , Aug. 14, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be participating in the Barclays Global Consumer Staples Conference at 12:45 PM ET, on Wednesday September 3, 2025.
New Orleans, La., July 25, 2025 (GLOBE NEWSWIRE) -- In a city where every cocktail tells a story, Five Farms Irish Cream and Holladay Bourbon made a memorable mark at Tales of the Cocktail 2025, weaving their distinct heritages into the vibrant fabric of New Orleans' world-famous drinks festival and conference.
BOISE, Idaho & CHICAGO & NEW YORK & LONDON--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced that McCormick & Company (NYSE: MKC) a global leader in flavor, has adopted Clearwater's commercial paper (CP) workflow solution to streamline short-term capital raising and improve oversight of its program. The move comes as higher interest rates and increased issuance volumes push corporations to rethink how t.