McCormick & Company (NYSE:MKC) is a great company with 125+ years of heritage. The company has managed consistent growth in the past and growing dividends and shareholders' value at a good pace. The recent acquisition of Reckitt Benckiser’s food division is yet another moment in its history to fuel further growth. The financing required to fund this acquisition is creating a concern and could make its growth sub-par for the next few years. That might give an opportunity to acquire this stock at a more affordable value going forward. Right now, it is pricey, and I would not recommend an investment.

The company has positive growth in its revenue and net income in the past 3yr/5yr/9yr periods. The revenue growth in 9 of 9 past years and net income growth in 7 of past 9 years shows the consistency. This along with the healthy gross margin of 40%+ and a net margin of 14%+ displays its competitive advantage. This company is shortlisted for my portfolio of selected 'companies for the next decade and beyond'.

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