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How Much More Will Consumers Pay for McCormick Spices?

publication date: Jul 4, 2023
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Image: Pricing growth remains the story at McCormick, but for how long? Image Source: McCormick. 

Just how much further McCormick will push pricing initiatives remains to be seen, but we think investor caution is in order. The stock is already trading at 33x current fiscal year adjusted earnings, and its shares have yet to return to the peak levels reached during 2020. We wonder if there may be troubling times ahead. Our fair value estimate stands at $73 per share, well below where shares are currently trading.


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