McCormick & Co Inc Ordinary Shares (Non Voting)
MKC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Wb | LOCK|N@@ | LOCK|Rf!$V$S |
McCormick: Enhanced Stake in Mexico Serves Up Attractive Growth Prospects; Shares a Touch Heated
McCormick is acquiring an additional 25% stake in its Mexican joint venture, which will bump its ownership to 75%. The price tag attributable to the incremental position is $750 million, which equates to 12 times on an EBITDA basis. The deal is expected to close in early 2026.
