McCormick & Company (MKC) has been one of the hottest stocks that I follow so far this year. While the S&P 500 is up 8.5% in 2018, shares of McCormick are up more than 22%. After a gain of that magnitude for a spice and seasoning company, is the stock still a buy? Let’s examine the company’s background, most recent earnings results, dividend history and my system for valuing stocks to see if McCormick is attractively priced.

Company Background

McCormick was founded in 1889 and today has a market cap of more than $16 billion. McCormick controls roughly 20% of the seasoning and spice market, making it nearly four times as large as its closest competitor. Some of its brands include: McCormick’s seasonings and spices, Zatarain’s, Old Bay, Frank’s Red Hot and many more.

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