McCormick & Company, Incorporated Company Profile (NYSE:MKC)

About McCormick & Company, Incorporated

McCormick & Company, Incorporated logoMcCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company's segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products. As of November 30, 2016, it offered brands for consumers in approximately 150 countries and territories. The Company's brands in the Americas include McCormick, Lawry's, and Club House, as well as brands, such as Gourmet Garden and OLD BAY. It provides a range of products to food manufacturers and foodservice customers. The Company's sales, distribution and production facilities are located in North America, Europe and China. It markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen and Simply Asia. The Company offers sensory testing, culinary research, food safety and flavor application.

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: $98.91
  • 50 Day Moving Average: $94.93
  • 200 Day Moving Average: $95.44
  • 52-Week Range: $88.64 - $107.84
  • Trailing P/E Ratio: 26.92
  • Foreward P/E Ratio: 22.27
  • P/E Growth: 2.84
  • Market Cap: $12.44B
  • Outstanding Shares: 125,189,000
  • Beta: 0.48
Profitability:
  • Net Margins: 10.71%
  • Return on Equity: 27.97%
  • Return on Assets: 10.51%
Debt:
  • Debt-to-Equity Ratio: 0.64%
  • Current Ratio: 1.00%
  • Quick Ratio: 0.47%
Additional Links:
Companies Related to McCormick & Company, Incorporated:

Analyst Ratings

Consensus Ratings for McCormick & Company, Incorporated (NYSE:MKC) (?)
Ratings Breakdown: 5 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.29)
Consensus Price Target: $101.43 (2.11% upside)

Analysts' Ratings History for McCormick & Company, Incorporated (NYSE:MKC)
Show:
DateFirmActionRatingPrice TargetDetails
2/15/2017Deutsche Bank AGInitiated CoverageHold$102.00View Rating Details
1/27/2017Barclays PLCReiterated RatingHold$101.00View Rating Details
12/6/2016Bank of America CorpInitiated CoverageBuy$100.00View Rating Details
11/30/2016Jefferies Group LLCLower Price TargetHold$95.00 -> $90.00View Rating Details
10/25/2016Credit Suisse GroupUpgradeNeutral -> Outperform$111.00View Rating Details
9/16/2016Sanford C. BernsteinDowngradeOutperform -> Market Perform$113.00 -> $104.00View Rating Details
7/5/2016Citigroup Inc.Reiterated RatingNeutralView Rating Details
2/18/2016BB&T Co.DowngradeBuy -> HoldView Rating Details
1/19/2016J P Morgan Chase & CoDowngradeNeutral -> Underweight$82.00 -> $76.00View Rating Details
(Data available from 2/26/2015 forward)

Earnings

Earnings History for McCormick & Company, Incorporated (NYSE:MKC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/27/2017        
1/25/2017Q416$1.27$1.27$1.24 billion$1.23 billionViewN/AView Earnings Details
9/30/2016Q316$0.94$1.03$1.09 billionViewListenView 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 & Company, Incorporated (NYSE:MKC)
Current Year EPS Consensus Estimate: $4.09 EPS
Next Year EPS Consensus Estimate: $4.46 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$1.27$1.29$1.28
Q1 20171$0.74$0.74$0.74
Q2 20171$0.83$0.83$0.83
Q3 20171$1.08$1.08$1.08
Q4 20171$1.44$1.44$1.44
Q1 20181$0.82$0.82$0.82
Q2 20181$0.90$0.90$0.90
Q3 20181$1.16$1.16$1.16
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for McCormick & Company, Incorporated (NYSE:MKC)
Annual Dividend:$1.88
Dividend Yield:1.89%
Dividend Growth:8.10% (3 Year Average)
Payout Ratio:50.81% (Based on Trailing 12 Months of Earnings)
45.97% (Based on Current Year Consensus EPS Estimate)
42.15% (Based on Next Year Consensus EPS Estimate)
Track Record:30 Years of Consecutive Dividend Growth

Dividend History for McCormick & Company, Incorporated (NYSE:MKC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/29/2016quarterly$0.4712/28/201612/30/20161/17/2017
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 & Company, Incorporated (NYSE:MKC)
Insider Ownership Percentage: 13.70%
Institutional Ownership Percentage: 72.99%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/2/2017Michael D ManganDirectorSell5,000$95.09$475,450.00View SEC Filing  
10/11/2016Freeman A Hrabowski IIIDirectorSell2,000$94.15$188,300.00View SEC Filing  
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 & Company, Incorporated (NYSE:MKC)
DateHeadline
capitalcube.com logoMcCormick & Co., Inc. : MKC-US: Dividend Analysis : December 30th, 2016 (record date) : By the numbers : February 24, 2017 (NYSE:MKC)
www.capitalcube.com - February 24 at 7:48 PM
News IconThe Bears And Bulls Square Off On McCormick & Company, Incorporated (MKC) - NY Stock News (NYSE:MKC)
nystocknews.com - February 23 at 7:31 AM
News IconStock Update on Earnings & Estimates for McCormick & Company, Incorporated (NYSE:MKC) - Aiken Advocate (NYSE:MKC)
aikenadvocate.com - February 21 at 6:22 PM
News IconTrading Sheet: Reviewing the Levels for McCormick & Company, Incorporated (NYSE:MKC) - Providence Standard (NYSE:MKC)
providencestandard.com - February 21 at 6:22 PM
News IconStock Review for McCormick & Company, Incorporated (NYSE:MKC) - Rives Journal (NYSE:MKC)
rivesjournal.com - February 17 at 3:17 PM
News IconShare Focus: Watching Levels for McCormick & Company Incorporated (MKC) - Providence Standard (NYSE:MKC)
providencestandard.com - February 16 at 6:08 PM
News IconIs The Sell-Side Predicting That McCormick & Company, Incorporated (NYSE:MKC) Will Move Higher? - Winfield Review (NYSE:MKC)
winfieldreview.com - February 16 at 6:08 PM
News IconMcCormick & Company Incorporated (MKC) is Initiated by Deutsche Bank to “Hold” - Highland Mirror (NYSE:MKC)
www.highlandmirror.com - February 16 at 6:08 PM
finance.yahoo.com logoCoverage initiated on McCormick by Deutsche Bank (NYSE:MKC)
finance.yahoo.com - February 16 at 6:08 PM
News IconStock Perspective: McCormick & Company, Incorporated (NYSE:MKC) Earnings in View - Aiken Advocate (NYSE:MKC)
aikenadvocate.com - February 14 at 8:08 PM
News IconAre Analysts Optimistic About Where McCormick & Company, Incorporated (NYSE:MKC) is Heading? - Winfield Review (NYSE:MKC)
winfieldreview.com - February 14 at 8:08 PM
bizjournals.com logoCompanies try to navigate tricky political waters (NYSE:MKC)
www.bizjournals.com - February 13 at 10:17 AM
News IconLooking at the Levels for McCormick & Company, Incorporated (NYSE:MKC) - Providence Standard (NYSE:MKC)
providencestandard.com - February 11 at 5:24 AM
News IconInvestor Probe: Watching Technicals for McCormick & Company Incorporated (MKC) - Davidson Register (NYSE:MKC)
davidsonregister.com - February 8 at 5:58 AM
capitalcube.com logoETFs with exposure to McCormick & Co., Inc. : February 2, 2017 (NYSE:MKC)
www.capitalcube.com - February 2 at 7:24 PM
capitalcube.com logoMcCormick & Co., Inc. :MKC-US: Earnings Analysis: 2016 By the Numbers : February 1, 2017 (NYSE:MKC)
www.capitalcube.com - February 1 at 7:25 PM
capitalcube.com logoMcCormick & Co., Inc. :MKC-US: Earnings Analysis: Q4, 2016 By the Numbers : February 1, 2017 (NYSE:MKC)
www.capitalcube.com - February 1 at 7:25 PM
finance.yahoo.com logoMCCORMICK & CO INC Financials (NYSE:MKC)
finance.yahoo.com - January 31 at 7:29 PM
News IconMarket Review: Indicator Watch for McCormick & Company Incorporated (MKC) - Springdale Times (NYSE:MKC)
springdaletimes.com - January 30 at 12:00 AM
News IconStock to Watch: McCormick & Company Incorporated (MKC) - Market Point (NYSE:MKC)
mtptnews.com - January 28 at 6:42 PM
fool.com logoMcCormick & Company Benefits From Strong End Markets (NYSE:MKC)
us.rd.yahoo.com - January 27 at 2:32 AM
istreetwire.com logoStocks Buzz: Incyte Corporation (INCY), McCormick & Company ... - iStreetWire (NYSE:MKC)
istreetwire.com - January 26 at 9:32 PM
rttnews.com logoMcCormick Sees FY17 Adj. EPS In Line With View (NYSE:MKC)
www.rttnews.com - January 26 at 1:00 AM
4-traders.com logoMcCormick mpany Incorporated : meets 4Q profit forecasts (NYSE:MKC)
www.4-traders.com - January 26 at 1:00 AM
finance.yahoo.com logoEdited Transcript of MKC earnings conference call or presentation 25-Jan-17 1:00pm GMT (NYSE:MKC)
finance.yahoo.com - January 26 at 1:00 AM
seekingalpha.com logoMcCormick & Company's (MKC) Lawrence Kurzius on Q4 2016 Results - Earnings Call Transcript (NYSE:MKC)
seekingalpha.com - January 25 at 8:00 PM
biz.yahoo.com logoQ4 2016 McCormick & Company Inc Earnings Release - Before Market Open (NYSE:MKC)
us.rd.yahoo.com - January 25 at 8:00 PM
biz.yahoo.com logoMCCORMICK & CO INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi (NYSE:MKC)
us.rd.yahoo.com - January 25 at 8:00 PM
us.rd.yahoo.com logoMcCormick (MKC) Posts In-Line Earnings, Lags on Revenues (NYSE:MKC)
us.rd.yahoo.com - January 25 at 8:00 PM
sg.finance.yahoo.com logoMcCormick meets 4Q profit forecasts (NYSE:MKC)
us.rd.yahoo.com - January 25 at 8:00 PM
bizjournals.com logoMcCormick posts record 2016 earnings on new acquisitions (NYSE:MKC)
us.rd.yahoo.com - January 25 at 8:00 PM
finance.yahoo.com logoMcCormick Has Solid Quarter, but Shares Not a Bargain (NYSE:MKC)
finance.yahoo.com - January 25 at 7:59 PM
bloomberg.com logoMcCormick CEO on Border-Tax Threat: We Can’t ‘Move the Equator’ (NYSE:MKC)
www.bloomberg.com - January 25 at 7:59 PM
streetinsider.com logoMcCormick & Co. (MKC) Appoints Gary Rodkin to Board of Directors - StreetInsider.com (NYSE:MKC)
www.streetinsider.com - January 25 at 12:20 AM
streetinsider.com logoMcCormick & Co. (MKC) Appoints Gary Rodkin to Board of Directors (NYSE:MKC)
www.streetinsider.com - January 24 at 7:19 PM
finance.yahoo.com logoMcCormick Appoints Gary Rodkin to Board of Directors (NYSE:MKC)
finance.yahoo.com - January 24 at 7:19 PM
biz.yahoo.com logoMCCORMICK & CO INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NYSE:MKC)
biz.yahoo.com - January 24 at 7:19 PM
nasdaq.com logoInteresting MKC Put And Call Options For September 15th (NYSE:MKC)
www.nasdaq.com - January 23 at 6:51 PM
finance.yahoo.com logoWill McCormick (MKC) Disappoint Investors in Q4 Earnings? (NYSE:MKC)
finance.yahoo.com - January 20 at 7:20 PM
seekingalpha.com logoMcCormick: Yes, It Is Cheap Enough Already - Seeking Alpha (NYSE:MKC)
seekingalpha.com - January 19 at 8:40 PM
bizjournals.com logoMcCormick's 17 new products definitely spice things up a bit for spring (NYSE:MKC)
www.bizjournals.com - January 19 at 8:40 PM
investing.com logoBob McCormick leaves proxy adviser Glass Lewis for CamberView (NYSE:MKC)
www.investing.com - January 19 at 5:05 AM
us.rd.yahoo.com logo[$$] Premier Foods shares plunge on profit warning and cost cuts (NYSE:MKC)
us.rd.yahoo.com - January 18 at 7:05 PM
capitalcube.com logoMcCormick & Co., Inc. breached its 50 day moving average in a Bullish Manner : MKC-US : January 18, 2017 (NYSE:MKC)
us.rd.yahoo.com - January 18 at 7:05 PM
News IconWill The Needle Move For McCormick & Company, Incorporated (NYSE:MKC) Shares This Earnings Season? - Wall Street Beacon (NYSE:MKC)
wsbeacon.com - January 16 at 8:01 AM
News IconHigh Market Cap Stock of the Day – McCormick & Company, Incorporated (NYSE:MKC) (NYSE:MKC)
twincountynews.com - January 10 at 7:28 PM
biz.yahoo.com logoMCCORMICK & CO INC Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:MKC)
biz.yahoo.com - January 10 at 7:37 AM
News IconHow does McCormick & Company Incorporated (MKC) fare as a dividend stock? (NYSE:MKC)
simplywall.st - January 9 at 7:18 PM
capitalcube.com logoMcCormick & Co., Inc. breached its 50 day moving average in a Bearish Manner : MKC-US : January 6, 2017 (NYSE:MKC)
www.capitalcube.com - January 6 at 7:14 PM
nasdaq.com logoEx-Dividend Reminder: B&G Foods, McCormick and Ingredion - Nasdaq (NYSE:MKC)
www.nasdaq.com - December 27 at 6:29 PM

Social

What is McCormick & Company, Incorporated's stock symbol?

McCormick & Company, Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "MKC."

How often does McCormick & Company, Incorporated pay dividends? What is the dividend yield for McCormick & Company, Incorporated?

McCormick & Company, Incorporated announced a quarterly dividend on Tuesday, November 29th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.47 per share on Tuesday, January 17th. This represents a $1.88 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Wednesday, December 28th. This is an increase from McCormick & Company, Incorporated's previous quarterly dividend of $0.43.

Where is McCormick & Company, Incorporated's stock going? Where will McCormick & Company, Incorporated's stock price be in 2017?

7 analysts have issued 12-month target prices for McCormick & Company, Incorporated's stock. Their forecasts range from $90.00 to $111.00. On average, they expect McCormick & Company, Incorporated's share price to reach $101.43 in the next year.

When will McCormick & Company, Incorporated announce their earnings?

McCormick & Company, Incorporated is scheduled to release their next quarterly earnings announcement on Monday, March, 27th 2017.

Who owns McCormick & Company, Incorporated stock?

McCormick & Company, Incorporated's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (5.50%), Franklin Resources Inc. (2.11%), Janus Capital Management LLC (0.88%), Westwood Holdings Group Inc. (0.78%), Renaissance Technologies LLC (0.55%) and Guggenheim Capital LLC (0.51%). Company insiders that own McCormick & Company, Incorporated stock include Freeman A Hrabowski III, Gordon Mckenzie Stetz Jr, Malcolm Swift, Michael D Mangan, Nneka Louise Rimmer and Patricia A Little.

Who sold McCormick & Company, Incorporated stock? Who is selling McCormick & Company, Incorporated stock?

McCormick & Company, Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Janus Capital Management LLC, Edge Asset Management Inc., Baird Financial Group Inc., FMR LLC, Keybank National Association OH, Guggenheim Capital LLC, New York State Teachers Retirement System and Martingale Asset Management L P. Company insiders that have sold McCormick & Company, Incorporated stock in the last year include Freeman A Hrabowski III, Gordon Mckenzie Stetz Jr, Malcolm Swift, Michael D Mangan, Nneka Louise Rimmer and Patricia A Little.

Who bought McCormick & Company, Incorporated stock? Who is buying McCormick & Company, Incorporated stock?

McCormick & Company, Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, State Street Corp, Asset Management One Co. Ltd., Westwood Holdings Group Inc., Marshall Wace LLP, Credit Agricole S A, Russell Investments Group Ltd. and AQR Capital Management LLC.

How do I buy McCormick & Company, Incorporated stock?

Shares of McCormick & Company, Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of McCormick & Company, Incorporated stock cost?

One share of McCormick & Company, Incorporated stock can currently be purchased for approximately $99.33.

McCormick & Company, Incorporated (NYSE:MKC) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

Earnings History Chart

Earnings by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

Dividend History Chart

Dividend Payments by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

Last Updated on 2/26/2017 by MarketBeat.com Staff