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

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$139.44 -1.04 (-0.74 %)
(As of 01/20/2019 10:40 AM ET)
Previous Close$139.44
Today's Range$138.55 - $141.96
52-Week Range$98.34 - $156.00
Volume1.60 million shs
Average Volume1.04 million shs
Market Capitalization$18.36 billion
P/E Ratio32.73
Dividend Yield1.64%
Beta0.44
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. 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, 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 Industrial 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. McCormick & Company, Incorporated 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$4.83 billion
Cash Flow$5.2878 per share
Book Value$19.63 per share

Profitability

Net Income$477.40 million

Miscellaneous

Employees14,600
Market Cap$18.36 billion
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 announced a quarterly dividend on Tuesday, November 27th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.57 per share on Monday, January 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change 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) posted its quarterly earnings results on Thursday, September, 27th. The company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. MCCORMICK & CO /SH had a net margin of 16.57% and a return on equity of 21.83%. The business's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the business earned $1.12 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 Thursday, January 24th 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 Thursday, January 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for MKC?

8 analysts have issued 12-month price objectives for MCCORMICK & CO /SH's shares. Their forecasts range from $108.00 to $150.00. On average, they expect MCCORMICK & CO /SH's share price to reach $125.2857 in the next twelve months. This suggests that the stock has a possible downside of 10.2%. View Analyst Price Targets for MCCORMICK & CO /SH.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MCCORMICK & CO /SH in the last year. There are currently 6 hold ratings and 2 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 outperformed the industry in a year, backed by focus on buyouts, innovations and robust cost-saving efforts. In fact, these factors aided the company to retain year-on-year advancement in the top and the bottom line when it reported third-quarter fiscal 2018 results. During the period, sales benefited from acquisitions of Frank’s and French’s brands. This, in turn, drove performance of the company’s consumer and flavor solutions units. Further, the company’s Comprehensive Continuous Improvement (“CCI”) program has been yielding. Notably, savings from CCI plan aided expanding margins during the third quarter. On the flip side, the company now expects less favorable impacts from currency fluctuations and has accordingly trimmed sales projections for fiscal 2018. Further, rising freight and brand marketing expenses are headwinds. Apart from this, stiff competition in the food space remains a threat." (12/3/2018)
  • 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?

Media coverage about MKC stock has been trending somewhat positive recently, InfoTrie reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MCCORMICK & CO /SH earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the company's share price in the near future.

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

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 60)
  • Mr. Michael R. Smith, Exec. VP & CFO (Age 53)
  • Mr. Jeffery D. Schwartz, VP, Gen. Counsel & Corp. Sec. (Age 48)
  • Mr. Malcolm S. Swift, Pres of EMEA & Asia Pacific and Pres of Global Industrial & McCormick International (Age 58)
  • Mr. Brendan F. Foley, Pres of Global Consumer & Americas (Age 52)

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

MCCORMICK & CO /SH's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Clarkston Capital Partners LLC (0.28%), Gofen & Glossberg LLC IL (0.12%), BTIM Corp. (0.11%), JLB & Associates Inc. (0.11%), Oakbrook Investments LLC (0.10%) and Wendell David Associates Inc. (0.09%). 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 major investors are selling MCCORMICK & CO /SH stock?

MKC stock was sold by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Oakbrook Investments LLC, Clarkston Capital Partners LLC, Gulf International Bank UK Ltd, Davis R M Inc., Northstar Investment Advisors LLC, American Trust Investment Advisors LLC and Bridge Creek Capital Management 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 major investors are buying MCCORMICK & CO /SH stock?

MKC stock was purchased by a variety of institutional investors in the last quarter, including Weather Gauge Advisory LLC, KAMES CAPITAL plc, Town & Country Bank & Trust CO dba First Bankers Trust CO, DNB Asset Management AS, Nisa Investment Advisors LLC, YHB Investment Advisors Inc., Ferguson Wellman Capital Management Inc. and State of Alaska Department of Revenue. 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 $139.44.

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

MCCORMICK & CO /SH has a market capitalization of $18.36 billion and generates $4.83 billion in revenue each year. The company earns $477.40 million in net income (profit) each year or $4.26 on an earnings per share basis. MCCORMICK & CO /SH employs 14,600 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:  353 (Vote Outperform)
Underperform Votes:  445 (Vote Underperform)
Total Votes:  798
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 1/20/2019 by MarketBeat.com Staff

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