Hunter Colby ’19 pitched McCormick (MKC) to the Student Managed Investment Fund (SMIF) on April 1st, 2019. Founded in 1889, McCormick strives to bring quality flavor and spice to kitchens around the world while helping its inhabitants at the same time. Sourcing from over 80 countries and distributing to approximately 150, McCormick has a large global footprint. The company focuses on its employees, sustainability, and responsibility, in order to drive purpose-led performance. With a solid foundation of ESG and the continued pursuit of growing market share, the company is poised well for future growth in the U.S. and globally. The recent push for organic and more high-quality ingredients in spices and seasonings will improve margins while also reducing the overall environmental impact McCormick has on the world. McCormick’s revenue is derived from two areas; consumer business segment and their flavor solutions segment, which partners with well-known restaurants to create their unique flavors. Fresh off the large acquisition of French’s and Frank’s, McCormick has shown it can gain market share successfully and will continue to do so in the future. The class voted to buy 90 shares of MKC.
