NYSE:MKC - MCCORMICK & CO /SH Stock Price, News, & Analysis

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$143.93 +1.56 (+1.10 %)
(As of 03/25/2019 04:00 PM ET)
Previous Close$142.37
Today's Range$141.94 - $144.35
52-Week Range$99.53 - $156.00
Volume1.64 million shs
Average Volume1.38 million shs
Market Capitalization$19.02 billion
P/E Ratio28.96
Dividend Yield1.60%
Beta0.24
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, Frank's RedHot, Lawry's, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors or wholesalers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

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Industry, Sector and Symbol

Industry Miscellaneous food preparations & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
CUSIP57978020
Phone410-771-7301

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.41 billion
Cash Flow$6.22 per share
Book Value$24.09 per share

Profitability

Net Income$933.40 million

Miscellaneous

Employees14,400
Market Cap$19.02 billion
Next Earnings Date3/26/2019 (Confirmed)
OptionableOptionable

MCCORMICK & CO /SH (NYSE:MKC) Frequently Asked Questions

What is MCCORMICK & CO /SH's stock symbol?

MCCORMICK & CO /SH trades on the New York Stock Exchange (NYSE) under the ticker symbol "MKC."

How often does MCCORMICK & CO /SH pay dividends? What is the dividend yield for MCCORMICK & CO /SH?

MCCORMICK & CO /SH declared a quarterly dividend on Tuesday, November 27th. Shareholders of record on Monday, December 31st will be given a dividend of $0.57 per share on Monday, January 14th. This represents a $2.28 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, December 28th. This is an increase from MCCORMICK & CO /SH's previous quarterly dividend of $0.52. View MCCORMICK & CO /SH's Dividend History.

How were MCCORMICK & CO /SH's earnings last quarter?

MCCORMICK & CO /SH NV (NYSE:MKC) released its quarterly earnings data on Thursday, January, 24th. The company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.70 by $0.03. The firm earned $1.50 billion during the quarter, compared to analyst estimates of $1.55 billion. MCCORMICK & CO /SH had a net margin of 17.26% and a return on equity of 21.34%. The business's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.54 EPS. View MCCORMICK & CO /SH's Earnings History.

When is MCCORMICK & CO /SH's next earnings date?

MCCORMICK & CO /SH is scheduled to release their next quarterly earnings announcement on Tuesday, March 26th 2019. View Earnings Estimates for MCCORMICK & CO /SH.

How can I listen to MCCORMICK & CO /SH's earnings call?

MCCORMICK & CO /SH will be holding an earnings conference call on Tuesday, March 26th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What guidance has MCCORMICK & CO /SH issued on next quarter's earnings?

MCCORMICK & CO /SH updated its FY19 earnings guidance on Thursday, January, 24th. The company provided earnings per share (EPS) guidance of $5.17-5.27 for the period, compared to the Thomson Reuters consensus estimate of $5.40. The company issued revenue guidance of +1-3% to ~$5.46-5.57 billion, compared to the consensus revenue estimate of $5.64 billion.MCCORMICK & CO /SH also updated its FY 2019 guidance to $5.17-5.27 EPS.

What price target have analysts set for MKC?

10 analysts have issued 12 month target prices for MCCORMICK & CO /SH's stock. Their predictions range from $108.00 to $150.00. On average, they anticipate MCCORMICK & CO /SH's stock price to reach $125.2857 in the next year. This suggests that the stock has a possible downside of 13.0%. View Analyst Price Targets for MCCORMICK & CO /SH.

What is the consensus analysts' recommendation for MCCORMICK & CO /SH?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MCCORMICK & CO /SH in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for MCCORMICK & CO /SH.

What are Wall Street analysts saying about MCCORMICK & CO /SH stock?

Here are some recent quotes from research analysts about MCCORMICK & CO /SH stock:
  • 1. According to Zacks Investment Research, "McCormick has lagged the industry in the past three months. The company has long been battling increased brand marketing and freight expenses. These factors somewhat weighed on adjusted operating income in both segments during the fourth quarter of fiscal 2018. The quarterly performance was also hit by trade inventory reductions, which led to adverse mix, and hurt sales and profits at the consumers segment across Americas. Moreover, currency played foul and is likely to remain a headwind in fiscal 2019. Nonetheless, McCormick’s margins are likely to receive significant cushion from its solid CCI savings program. Also, the company is set to continue gaining from its focus on innovation and product launches. McCormick also integrated its Frank’s and French’s brands in fiscal 2018, which are likely to keep boosting sales. All said, management expects sales and earnings to grow year over year in fiscal 2019." (1/28/2019)
  • 2. Jefferies Financial Group Inc analysts commented, "MKC’s best-in-class 3Q18 results (organic sales growth +4% & GM expansion +285bps) are especially encouraging given the tough operative environment. Earnings upside was limited by the fact MKC has chosen to reinvest much of the margin upside in further brand building, which bodes well for future growth." (10/3/2018)

Has MCCORMICK & CO /SH been receiving favorable news coverage?

News coverage about MKC stock has been trending somewhat negative on Monday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MCCORMICK & CO /SH earned a news impact score of -1.1 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.

Who are some of MCCORMICK & CO /SH's key competitors?

What other stocks do shareholders of MCCORMICK & CO /SH own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MCCORMICK & CO /SH investors own include Mcdonald's (MCD), Johnson & Johnson (JNJ), Home Depot (HD), Exxon Mobil (XOM), 3M (MMM), Starbucks (SBUX), AT&T (T), NVIDIA (NVDA), Procter & Gamble (PG) and Cisco Systems (CSCO).

Who are MCCORMICK & CO /SH's key executives?

MCCORMICK & CO /SH's management team includes the folowing people:
  • Mr. Lawrence E. Kurzius, Chairman, Pres & CEO (Age 61)
  • Mr. Michael R. Smith, Exec. VP & CFO (Age 54)
  • Mr. Jeffery D. Schwartz, VP, Gen. Counsel & Corp. Sec. (Age 49)
  • Mr. Malcolm S. Swift, Pres of EMEA & Asia Pacific and Pres of Global Flavor Solutions & McCormick International (Age 59)
  • Mr. Brendan F. Foley, Pres of Global Consumer & Americas (Age 53)

Who are MCCORMICK & CO /SH's major shareholders?

MCCORMICK & CO /SH's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.92%), Oregon Public Employees Retirement Fund (3.82%), Fundsmith LLP (2.00%), Geode Capital Management LLC (1.36%), Northern Trust Corp (1.29%) and Norges Bank (0.75%). Company insiders that own MCCORMICK & CO /SH stock include Alan D Wilson, Christina M Mcmullen, Freeman A Hrabowski III, Lawrence Erik Kurzius, Lisa Manzone, Malcolm Swift, Maritza Gomez Montiel, Michael D Mangan, Michael R Smith and Patricia A Little. View Institutional Ownership Trends for MCCORMICK & CO /SH.

Which institutional investors are selling MCCORMICK & CO /SH stock?

MKC stock was sold by a variety of institutional investors in the last quarter, including Eaton Vance Management, Bank of New York Mellon Corp, Jennison Associates LLC, Sawgrass Asset Management LLC, FMR LLC, Congress Asset Management Co. MA, Retirement Systems of Alabama and Oakbrook Investments LLC. Company insiders that have sold MCCORMICK & CO /SH company stock in the last year include Alan D Wilson, Christina M Mcmullen, Lawrence Erik Kurzius, Lisa Manzone, Malcolm Swift, Michael D Mangan, Michael R Smith and Patricia A Little. View Insider Buying and Selling for MCCORMICK & CO /SH.

Which institutional investors are buying MCCORMICK & CO /SH stock?

MKC stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Fundsmith LLP, Norges Bank, BlackRock Inc., APG Asset Management N.V., Geode Capital Management LLC, Teacher Retirement System of Texas and Duality Advisers LP. View Insider Buying and Selling for MCCORMICK & CO /SH.

How do I buy shares of MCCORMICK & CO /SH?

Shares of MKC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MCCORMICK & CO /SH's stock price today?

One share of MKC stock can currently be purchased for approximately $143.93.

How big of a company is MCCORMICK & CO /SH?

MCCORMICK & CO /SH has a market capitalization of $19.02 billion and generates $5.41 billion in revenue each year. The company earns $933.40 million in net income (profit) each year or $4.97 on an earnings per share basis. MCCORMICK & CO /SH employs 14,400 workers across the globe.

What is MCCORMICK & CO /SH's official website?

The official website for MCCORMICK & CO /SH is http://www.mccormickcorporation.com.

How can I contact MCCORMICK & CO /SH?

MCCORMICK & CO /SH's mailing address is 24 Schilling Road Suite 1, Hunt Valley MD, 21031. The company can be reached via phone at 410-771-7301 or via email at [email protected]


MarketBeat Community Rating for MCCORMICK & CO /SH (NYSE MKC)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  370 (Vote Outperform)
Underperform Votes:  456 (Vote Underperform)
Total Votes:  826
MarketBeat's community ratings are surveys of what our community members think about MCCORMICK & CO /SH and other stocks. Vote "Outperform" if you believe MKC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MKC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/25/2019 by MarketBeat.com Staff

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