McCormick & Co. Company Profile (NYSE:MKC)

About McCormick & Co.

McCormick & Co. logoMcCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company operates in two segments: consumer and industrial. Its brands in the Americas include McCormick, Lawry's, Stubb's, Club House, Zatarain's, Thai Kitchen and Simply Asia. In Europe and the Middle East and Africa (EMEA), the Company's brands include the Ducros, Schwartz, Kamis, Drogheria & Alimentari, and a line of Vahine brand dessert items. In the Asia/Pacific region, it markets products under the McCormick and DaQiao brands in China. In Australia, it markets its spices and seasonings under the McCormick brand and its dessert products under the Aeroplane brand. In India, its joint venture trades under the Kohinoor brand. The industrial segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors.

Industry, Sector and Symbol:
  • Sector: Consumer Staples
  • Industry: Processed & Packaged Goods
  • Sub-Industry: Packaged Foods & Meats
  • Exchange: NYSE
  • Symbol: MKC
  • CUSIP: 57978020
Key Metrics:
  • Previous Close: $97.77
  • 50 Day Moving Average: $99.67
  • 200 Day Moving Average: $99.17
  • 52-Week Range: $77.65 - $107.84
  • Trailing P/E Ratio: 29.02
  • Foreward P/E Ratio: 23.58
  • P/E Growth: 2.91
  • Market Cap: $12.40B
  • Outstanding Shares: 126,650,000
  • Beta: 0.48
Profitability:
  • Net Margins: 9.96%
  • Return on Equity: 26.08%
  • Return on Assets: 10.05%
Debt:
  • Debt-to-Equity Ratio: 0.59%
  • Current Ratio: 1.10%
  • Quick Ratio: 0.52%
Additional Links:
Companies Related to McCormick & Co.:

Analyst Ratings

Consensus Ratings for McCormick & Co. (NYSE:MKC) (?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $94.83 (2.63% downside)

Analysts' Ratings History for McCormick & Co. (NYSE:MKC)
Show:
DateFirmActionRatingPrice TargetDetails
9/23/2016Deutsche Bank AGLower Price TargetBuy$113.00 -> $112.00View Rating Details
9/16/2016Sanford C. BernsteinDowngradeOutperform -> Market Perform$113.00 -> $104.00View Rating Details
7/5/2016Citigroup Inc.Reiterated RatingNeutralView Rating Details
4/19/2016Credit Suisse Group AGReiterated RatingNeutral$95.00View Rating Details
2/18/2016BB&T Corp.DowngradeBuy -> HoldView Rating Details
1/19/2016JPMorgan Chase & Co.DowngradeNeutral -> Underweight$82.00 -> $76.00View Rating Details
12/15/2015Jefferies GroupInitiated CoverageHold$80.00View Rating Details
10/3/2014S&P Equity ResearchReiterated RatingHoldView Rating Details
(Data available from 9/29/2014 forward)

Earnings

Earnings History for McCormick & Co. (NYSE:MKC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
9/30/2016Q316$0.94$1.09 billionListenView Earnings Details
6/30/2016Q216$0.74$0.75$1.06 billionViewListenView Earnings Details
3/29/2016Q116$0.69$0.74$1.03 billion$1.03 billionViewListenView Earnings Details
1/28/2016Q415$1.17$1.18$1.19 billion$1.20 billionViewListenView Earnings Details
10/1/2015Q315$0.87$0.85$1.06 billionViewListenView Earnings Details
7/1/2015Q215$0.68$0.75$1.02 billionViewListenView Earnings Details
3/24/2015Q115$0.64$0.70$1.01 billionViewListenView Earnings Details
1/28/2015Q414$1.15$1.16$1.21 billion$1.17 billionViewListenView Earnings Details
10/2/2014Q314$0.81$0.95$1.04 billionViewListenView Earnings Details
6/26/2014Q214$0.62$0.64$1.04 billion$1.03 billionViewListenView Earnings Details
3/25/2014Q114$0.58$0.62$973.20 million$993.40 millionViewListenView Earnings Details
1/29/2014Q413$1.18$1.11$1.22 billion$1.17 billionViewListenView Earnings Details
9/26/2013Q313$0.78$0.78$1.03 billion$1.02 billionViewListenView Earnings Details
6/27/2013Q2 2013$0.61$0.61$1.01 billion$1,000.00 millionViewListenView Earnings Details
4/2/2013Q1 2013$0.56$0.55$922.66 million$934.00 millionViewListenView Earnings Details
1/24/2013Q4 2012$1.14$1.11$1.17 billion$1.15 billionViewListenView Earnings Details
9/27/2012Q312$0.76$0.78$989.60 million$977.70 millionViewN/AView Earnings Details
6/27/2012$0.61$0.60ViewN/AView Earnings Details
3/27/2012$0.53$0.55ViewN/AView Earnings Details
1/26/2012$0.98$0.98ViewN/AView Earnings Details
9/28/2011$0.66$0.69ViewN/AView Earnings Details
6/30/2011$0.54$0.55ViewN/AView Earnings Details
3/29/2011$0.54$0.57ViewN/AView Earnings Details
1/26/2011$0.96$0.99ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for McCormick & Co. (NYSE:MKC)
Current Year EPS Consensus Estimate: $3.75 EPS
Next Year EPS Consensus Estimate: $4.13 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.67$0.74$0.70
Q2 20163$0.73$0.75$0.74
Q3 20162$0.95$0.99$0.97
Q4 20162$1.29$1.30$1.30
Q1 20171$0.81$0.81$0.81
Q2 20171$0.79$0.79$0.79
Q3 20171$1.05$1.05$1.05
Q4 20171$1.43$1.43$1.43
Q1 20181$0.89$0.89$0.89
Q2 20181$0.87$0.87$0.87
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for McCormick & Co. (NYSE:MKC)
Annual Dividend:$1.72
Dividend Yield:1.77%
Dividend Growth:8.90% (3 Year Average)
Payout Ratio:50.89% (Based on Trailing 12 Months of Earnings)
45.87% (Based on Current Year Consensus EPS Estimate)
41.65% (Based on Next Year Consensus EPS Estimate)
Track Record:29 Years of Consecutive Dividend Growth

Dividend History for McCormick & Co. (NYSE:MKC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/27/2016quarterly$0.4310/6/201610/11/201610/25/2016
6/28/2016quarterly$0.437/7/20167/11/20167/25/2016
3/30/2016quarterly$0.434/7/20164/11/20164/25/2016
11/24/2015quarterly$0.4312/29/201512/31/20151/15/2016
9/29/2015quarterly$0.4010/8/201510/13/201510/27/2015
6/30/2015quarterly$0.402.01%7/9/20157/13/20157/27/2015
3/25/2015quarterly$0.402.08%4/1/20154/6/20154/20/2015
11/25/2014quarterly$0.402.2%12/29/201412/31/20141/14/2015
9/30/2014quarterly$0.372.26%10/8/201410/13/201410/27/2014
6/25/2014quarterly$0.372.11%7/2/20147/7/20147/21/2014
3/26/2014quarterly$0.372.09%4/3/20144/7/20144/21/2014
11/26/2013quarterly$0.372.13%12/27/201312/31/20131/14/2014
9/24/2013quarterly$0.342%10/3/201310/7/201310/21/2013
6/26/2013quarterly$0.341.93%7/3/20137/8/20137/22/2013
4/3/2013quarterly$0.341.9%4/11/20134/15/20134/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for McCormick & Co. (NYSE:MKC)
Insider Ownership Percentage: 13.70%
Institutional Ownership Percentage: 72.48%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/13/2016Gordon Mckenzie Stetz JrCFOSell38,900$105.17$4,091,113.00View SEC Filing  
7/5/2016Patricia A LittleDirectorSell3,750$107.22$402,075.00View SEC Filing  
5/19/2016Nneka Louise RimmerVPSell560$96.00$53,760.00View SEC Filing  
5/5/2016Malcolm SwiftInsiderSell26,950$95.01$2,560,519.50View SEC Filing  
4/19/2016Gordon Mckenzie Stetz JrCFOSell37,000$95.03$3,516,110.00View SEC Filing  
7/10/2015Gordon Mckenzie Stetz JrCFOSell23,094$79.68$1,840,129.92View SEC Filing  
8/18/2014Lawrence Erik KurziusInsiderSell65,300$69.01$4,506,353.00View SEC Filing  
6/30/2014Jacques TapieroDirectorBuy1,000$71.77$71,770.00View SEC Filing  
3/27/2014Paul BeardVPSell33,700$71.00$2,392,700.00View SEC Filing  
11/5/2013Kenneth Kelly, Jr.SVPSell13,374$69.19$925,347.06View SEC Filing  
5/13/2013William Geoffrey CarpenterVPSell15,336$73.83$1,132,256.88View SEC Filing  
11/14/2012William E StevensDirectorSell10,000$63.24$632,400.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for McCormick & Co. (NYSE:MKC)
DateHeadline
thestreet.com logoWhat to Look for When McCormick (MKC) Reports Q3 Results (NYSE:MKC)
www.thestreet.com - September 28 at 5:55 PM
marketrealist.com logoMcCormick & Company Has Declared a Quarterly Dividend (NYSE:MKC)
marketrealist.com - September 28 at 5:55 PM
4-traders.com logoMcCormick mpany Incorporated : Declares $0.43 Quarterly Dividend (NYSE:MKC)
www.4-traders.com - September 27 at 6:02 PM
seekingalpha.com logoMcCormick declares $0.43 dividend (NYSE:MKC)
seekingalpha.com - September 27 at 6:02 PM
publicnow.com logoMcCormick Declares $0.43 Quarterly Dividend (NYSE:MKC)
www.publicnow.com - September 27 at 6:02 PM
finance.yahoo.com logoWhat's in Store for McCormick & Co. (MKC) in Q3 Earnings? (NYSE:MKC)
finance.yahoo.com - September 26 at 10:50 AM
News IconBrokers Set Expectations for McCormick & Company, Incorporated's FY2019 Earnings (MKC) - DailyQuint (NYSE:MKC)
dailyquint.com - September 22 at 5:52 PM
News IconA look at a High Market Cap Stock: McCormick & Company, Incorporated, MKC - The Daily Leicester (NYSE:MKC)
thedailyleicester.com - September 21 at 5:52 PM
News IconStocks Shining Bright on Wall Street: Philip Morris International (NYSE:PM), McCormick & Company (NYSE:MKC) - Street Wise Report (press release) (blog) (NYSE:MKC)
streetwisereport.com - September 19 at 6:09 PM
News IconStock Perspective: McCormick & Company, Incorporated (NYSE:MKC) Earnings in View - Frisco Fastball (NYSE:MKC)
friscofastball.com - September 19 at 6:09 PM
marketrealist.com logoBernstein Downgraded McCormick & Company to ‘Market Perform’ (NYSE:MKC)
marketrealist.com - September 19 at 6:09 PM
mysmartrend.com logoMcCormick & Co Set to Possibly Rebound After Yesterday's Selloff of 2.29% (NYSE:MKC)
www.mysmartrend.com - September 16 at 5:56 PM
News IconMcCormick & Co (MKC): A Perfect Stock for Dividend Returns (NYSE:MKC)
www.economiccalendar.com - September 16 at 5:56 PM
thestreet.com logoTrade With the (Down) Trend in McCormick (NYSE:MKC)
realmoney.thestreet.com - September 16 at 5:56 PM
thestreet.com logoTrade With the (Down)Trend in McCormick (NYSE:MKC)
realmoney.thestreet.com - September 16 at 5:56 PM
News IconMcCormick & Co (MKC): A Perfect Stock for Dividend Returns - Economic Calendar (NYSE:MKC)
www.economiccalendar.com - September 16 at 9:14 AM
publicnow.com logoMcCormick & Company's 2016 Third Quarter Results Conference Call to be Available on the Web (NYSE:MKC)
www.publicnow.com - September 16 at 9:14 AM
News IconClarkston Capital Partners LLC Decreased Stake in Mccormick & Co INC (NYSE:MKC) by $6.76 Million as Shares Rose - Chester News (NYSE:MKC)
www.chesterindependent.com - September 15 at 4:10 PM
forbes.com logo3 Dividend Aristocrats to Buy Now and Hold Forever - Forbes (NYSE:MKC)
www.forbes.com - September 14 at 6:16 PM
investornewswire.com logoExpected For McCormick & Company, Incorporated (NYSE:MKC) Sales Of $5183 - Investor Newswire (NYSE:MKC)
www.investornewswire.com - September 14 at 10:26 AM
capitalcube.com logoETF’s with exposure to McCormick & Co., Inc. : September 13, 2016 (NYSE:MKC)
www.capitalcube.com - September 13 at 10:58 AM
News IconMcCormick & Company, Incorporated (NYSE:MKC) – Top Stock from ... - The Daily Leicester (NYSE:MKC)
thedailyleicester.com - September 12 at 5:54 PM
News IconStock Valuation Recap for McCormick & Company, Incorporated (NYSE:MKC) - Post News (NYSE:MKC)
www.kentuckypostnews.com - September 10 at 5:36 PM
News IconShares Lower Over the Past Quarter: McCormick & Company, Incorporated (NYSE:MKC) - Post News (NYSE:MKC)
www.kentuckypostnews.com - September 10 at 5:36 PM
forbes.com logoMcCormick Enters Oversold Territory - Forbes (NYSE:MKC)
www.forbes.com - September 10 at 5:36 PM
finance.yahoo.com logoMove Friday a clear sign that people will no longer season their meat if Fed tightens ;-) (NYSE:MKC)
finance.yahoo.com - September 10 at 5:36 PM
forbes.com logoMcCormick Enters Oversold Territory (NYSE:MKC)
www.forbes.com - September 9 at 5:52 PM
News IconToday's Top Gainers in the Market McCormick & Company ... - The Daily Leicester (NYSE:MKC)
thedailyleicester.com - September 8 at 10:01 AM
investornewswire.com logoMcCormick & Company, Incorporated (NYSE:MKC) Expects Sales ... - Investor Newswire (NYSE:MKC)
www.investornewswire.com - September 7 at 6:19 PM
News IconIs McCormick & Company, Incorporated(NYSE: MKC), a large ... - The Daily Leicester (NYSE:MKC)
thedailyleicester.com - September 3 at 10:35 AM
fool.com logo3 Dividend Aristocrats to Buy in September (NYSE:MKC)
www.fool.com - August 29 at 10:44 AM
bizjournals.com logoMcCormick spinoff specializing in 'flavor fingerprinting' nabs investment from SAP (NYSE:MKC)
www.bizjournals.com - August 26 at 5:56 PM
News IconA look at a High Market Cap Stock: McCormick & Company ... - The Daily Leicester (NYSE:MKC)
thedailyleicester.com - August 26 at 9:10 AM
News IconSell-side & Crowd View on McCormick & Company, Incorporated (NYSE:MKC) - Post News (NYSE:MKC)
www.kentuckypostnews.com - August 22 at 6:11 PM
stocksdaily.net logoDividend Alert For McCormick & Company, Incorporated (NYSE:MKC) - Stocks Daily (NYSE:MKC)
www.stocksdaily.net - August 20 at 10:18 AM
capitalcube.com logoETF’s with exposure to McCormick & Co., Inc. : August 17, 2016 (NYSE:MKC)
www.capitalcube.com - August 17 at 6:25 PM
News IconTop Gainers of the Day: McCormick & Company, Incorporated (NYSE:MKC) from Processed & Packaged Goods (NYSE:MKC)
twincountynews.com - August 17 at 9:18 AM
News IconIs McCormick & Company, Incorporated (NYSE:MKC), a large market cap stock a smart buy? - Twin County News (NYSE:MKC)
twincountynews.com - August 12 at 9:27 AM
marketrealist.com logoWhat Segments Contributed to Kellogg’s Margins in Fiscal 2Q16? (NYSE:MKC)
marketrealist.com - August 11 at 9:24 AM
tradecalls.org logoIpswich Investment Management Lowers stake in McCormick & Company Incorporated (MKC) - Trade Calls (NYSE:MKC)
www.tradecalls.org - August 9 at 6:27 PM
tradecalls.org logoMcCormick & Company Incorporated (MKC) Shares are Down -1.89 ... - Trade Calls (NYSE:MKC)
www.tradecalls.org - August 8 at 6:26 PM
tradecalls.org logoSt. James Investment Company buys $865,344 stake in McCormick ... - Trade Calls (NYSE:MKC)
www.tradecalls.org - August 6 at 9:00 AM
publicnow.com logoMcCormick Finalizes Agreement for New Headquarters Location in Hunt Valley (NYSE:MKC)
www.publicnow.com - August 5 at 6:22 PM
News IconLeading stocks in today's market: McCormick & Company, Incorporated (NYSE:MKC) - Twin County News (NYSE:MKC)
twincountynews.com - August 3 at 6:34 PM
capitalcube.com logoMcCormick & Co., Inc. breached its 50 day moving average in a Bearish Manner : MKC-US : August 3, 2016 (NYSE:MKC)
www.capitalcube.com - August 3 at 6:34 PM
seekingalpha.com logoMcCormick Is Currently Overvalued (NYSE:MKC)
seekingalpha.com - August 2 at 11:02 AM
stocksdaily.net logoMcCormick & Company, Incorporated (NYSE:MKC) Paid $0.43 Per Share Last Year - Stocks Daily (NYSE:MKC)
www.stocksdaily.net - July 31 at 5:45 PM
tradecalls.org logoFinancial Consulate Inc Lowers stake in McCormick & Company ... - Trade Calls (NYSE:MKC)
www.tradecalls.org - July 31 at 5:45 PM
tradecalls.org logoMcCormick & Company Incorporated (MKC) Shares are Down -0.72% - Trade Calls (NYSE:MKC)
www.tradecalls.org - July 27 at 9:09 AM
seekingalpha.com logoMcCormick Is Another Consumer Staples Bubble Stock (NYSE:MKC)
seekingalpha.com - July 26 at 9:26 AM

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McCormick & Co. (NYSE:MKC) Chart for Thursday, September, 29, 2016


Last Updated on 9/29/2016 by MarketBeat.com Staff