Best Defensive Stocks To Watch For 2015: McCormick & Company Inc (MKC)
McCormick & Company, Incorporated (McCormick) manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry, retail outlets, food manufacturers and foodservice businesses. The Companys sales, distribution and production facilities are located in North America and Europe. Additional facilities are based in China, Australia, Mexico, India, Singapore, Central America, Thailand and South Africa. The Company operates in two business segments: consumer and industrial. During the fiscal year ended November 30, 2011, the Companys consumer business contributed 59% of sales and 79% of operating income and the industrial business contributed 41% of sales and 21% of operating income.
McCormicks products are sold directly to customers and also through brokers, wholesalers, and distributors. In the consumer segment, products are resold to consumers through a range of retail outlets, including grocery, ma ss merchandise, warehouse clubs, discount, and drug stores under a range of brands. In the industrial segment, products are used by food and beverage manufacturers as ingredients for their finished goods and by food service customers as ingredients for menu items to enhance the flavor of their foods. Customers for the industrial segment include food manufacturers and the foodservice industry supplied both directly and indirectly through distributors.
Consumer Business
The Companys brands in the Americas include McCormick, Lawrys and Club House. The Company also markets brands, such as Zatarains, Thai Kitchen and Simply Asia. In Europe, the Middle East and Africa (EMEA) its brands include the Ducros, Schwartz and Kamis brands of spices, herbs and seasonings and a line of Vahine brand dessert items. In the Asia/Pacific region its primary brand is McCormick, with the exception of India where its joint venture owns and trades under the Koh! inoor brand. The Companys customers span a variety of retail outlets that include grocery, mass merchandise, warehouse clubs, discount and drug stores, served directly and indirectly through distributors or wholesalers. In addition to marketing its products to these customers, the Company is also a supplier of private label items, also known as store brands. More than 250 other brands are sold in the United States with additional brands in international markets.
Industrial Business
In its industrial business, the Company provides a range of products to multinational food manufacturers and foodservice customers. The foodservice customers are supplied both directly and indirectly through distributors. Its range of products include seasoning blends, natural spices and herbs, wet flavors, coating systems and compound flavors. In addition to a broad range of flavor solutions, we strive to achieve customer intimacy.
Advisors' Opinion:- [By Johanna Bennett]
Corporate earnings took a back seat today to the Feds latest policy decision. Still, quarterly financial results, and other news sent shares of McCormick & Co. (MKC) and Tupperware (TUP), falling during regular market hoursHeres a rundown of several of todays moves:
- [By Marc Bastow]
Speaking of consecutive dividend increase streaks, food processor Hormel (HRL) increased its dividend for the 48th consecutive year, while spice maker McCormick (MKC) upped its dividend for a 28th consecutive year.
- [By WWW.DAILYFINANCE.COM]
McCormick & Co. McCormick & Co., one of the best known names in the spice business, is recalling a batch of ground oregano because it might be contaminated with salmonella, the Food and Drug Administration said Wednesday. The recall involves small containers (0.75 ounce size) of McCormick ground oregano with a UPC code on the label of 0-523561-6 and was "Best By" dates of Aug. 21! , 2016 an! d Aug. 22, 2016. They appear on the labels with this code: "BEST BY AUG 21 16 H" and "BEST BY AUG 22 16 H." McCormick (MKC) said the recall is limited to those specific containers, which were shipped in 1,032 cases to 41 states, Puerto Rico, the Virgin Islands, and several countries. The oregano was shipped between April 4 and Aug. 5. Salmonella bacteria can make anyone sick, but the illness is particularly dangerous to young children, the elderly and those with weakened immune systems. And even a healthy person who gets infected with the organism is likely to have a fever and suffer abdominal pain, diarrhea, nausea and vomiting. The FDA said it has not received any reports of consumers getting sick from the oregano. The contamination was discovered by the FDA during routine testing. McCormick said grocery stores have been notified to remove the products from their shelves and distribution centers and destroy them. If you have the recalled oregano, you're urged to get rid of it and the container, and contact McCormick at 1-800-632-5847, weekdays from 9:30 a.m. to 8 p.m. Eastern time to get a replacement, a refund or ask any questions. You don't need to return it to the store where you purchased it.
- [By Sure Dividend]
No matter how much information we have, people will always need to eat. One way to look at if an industry has managed to grow over decades is to see how many Dividend Aristocrats the industry claims. Dividend Aristocrats are businesses that have increased their dividend payments for 25 or more consecutive years, and meet certain size and liquidity requirements. These are businesses that have withstood all of the changes of the last 25 or more years, and managed to grow consistently and profitably. There are 54 Dividend Aristocrats. The list below shows the Dividend Aristocrats whose primary business relates to food and/or beverages:
McDonalds (MCD) Coca-Cola (KO) PepsiCo (PEP) McCormick & Co. (MKC) Archer-Daniels-Midland (ADM) Hormel Foods (HRL) Brown-! Forman (B! F.B) Sysco (SYY)Of the 54 Dividend Aristocrats, eight (~15%) make their money from food and/or beverages. Interestingly, six of the seven (ADM and SYY are the exception) make their money from branded consumer food and beverages. If you are looking for slow-changing businesses that grow year after year, branded food companies are a good place to search.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-defensive-stocks-to-watch-for-2015-2.html
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