Investopedia: Stable Volumes Support Premium Valuation For McCormick

If investors want to find a bargain in packaged food, they have little choice but to go with small up-and-comers that aren't fully appreciated yet or dip into the box of broken toys. Companies like Kellogg (NYSE:K) and Kraft Foods (NYSE:KFT) offer some potential on the basis of past missteps and/or restructuring potential, but a well-run company like McCormick (NYSE:MKC) doesn't come cheap these days. Although I believe there's still upside to the McCormick story, these shares aren't priced to permit many mistakes.

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