Is McCormick Too Expensive Now?

8/27/18

It's been a great year for McCormick & Co's (MKC) loyal shareholder base. 2017 was a sideways year for the stock, as its early gains gave way after the company announced a transformational acquisition of the French's and Frank's Red Hot brands from British conglomerate Reckitt Benckiser (OTCPK:RBGLY). 2018, however, has been a different story. That acquisition is paying off in a big way, propelling MKC stock to more than 20% gains while the rest of its sector has slumped:

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