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: $93.54
  • 50 Day Moving Average: $96.64
  • 200 Day Moving Average: $98.97
  • 52-Week Range: $78.45 - $107.84
  • Trailing P/E Ratio: 25.83
  • Foreward P/E Ratio: 22.65
  • P/E Growth: 2.85
  • Market Cap: $11.79B
  • Outstanding Shares: 126,072,000
  • Beta: 0.47
  • Net Margins: 10.58%
  • Return on Equity: 27.26%
  • Return on Assets: 10.39%
  • Debt-to-Equity Ratio: 0.60%
  • Current Ratio: 1.09%
  • Quick Ratio: 0.53%
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: $97.33 (4.06% upside)

Analysts' Ratings History for McCormick & Co. (NYSE:MKC)
DateFirmActionRatingPrice TargetDetails
10/12/2016Jefferies GroupLower Price TargetHold$100.00 -> $95.00View Rating Details
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
(Data available from 10/23/2014 forward)


Earnings History for McCormick & Co. (NYSE:MKC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)


Earnings Estimates for McCormick & Co. (NYSE:MKC)
Current Year EPS Consensus Estimate: $3.79 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$1.27$1.29$1.28
Q1 20171$0.83$0.83$0.83
Q2 20171$0.80$0.80$0.80
Q3 20171$1.07$1.07$1.07
Q4 20171$1.43$1.43$1.43
Q1 20181$0.90$0.90$0.90
Q2 20181$0.88$0.88$0.88
Q3 20181$1.15$1.15$1.15
(Data provided by Zacks Investment Research)


Current Dividend Information for McCormick & Co. (NYSE:MKC)
Annual Dividend:$1.72
Dividend Yield:1.84%
Dividend Growth:8.90% (3 Year Average)
Payout Ratio:47.51% (Based on Trailing 12 Months of Earnings)
45.38% (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
(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: 72.46%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for McCormick & Co. (NYSE:MKC)
DateHeadline logoYou've Eaten This Company's Products (NYSE:MKC) - October 19 at 6:30 PM
News IconStock Perspective: McCormick & Company, Incorporated (NYSE:MKC) Earnings in View - CSZ News (NYSE:MKC) - October 19 at 11:07 AM
News IconSchulhoff & Co. Inc. decides to keep it stake in McCormick & Co. (MKC) to the level of $2014000 - DailyQuint (NYSE:MKC) - October 19 at 11:07 AM
News IconMcCormick & Co. (MKC) Stake Lowered by Penobscot Investment Management Company Inc. - DailyQuint (NYSE:MKC) - October 19 at 11:07 AM logoCramer: McCormick the ultimate 'at home' economy play wit... (NYSE:MKC) - October 19 at 11:07 AM logoJim Cramer's Top Takeaways: Domino's, McCormick (NYSE:MKC) - October 19 at 11:07 AM logoHershey (HSY) Introduces Sea Salt Caramel Baking Chips (NYSE:MKC) - October 14 at 5:58 PM
News IconMcCormick & Co. (MKC) Director Sold $188300.00 in Stock - DailyQuint (NYSE:MKC) - October 14 at 9:27 AM
News IconHigh Market Cap Stock of the Day – McCormick & Company, Incorporated (NYSE:MKC) (NYSE:MKC) - October 13 at 6:15 PM
News IconReilly Herbert Faulkner III Boosts Stake in McCormick & Co. (MKC) - DailyQuint (NYSE:MKC) - October 13 at 9:44 AM logoHas McCormick Become A Bargain After Its Recent Correction? (NYSE:MKC) - October 12 at 6:08 PM logoJefferies Maintains Rating And Raises Price Target On McCormick & Company, Incorporat (MKC) (NYSE:MKC) - October 12 at 11:29 AM logoPremier Foods blames warm September for sales shortfall (NYSE:MKC) - October 12 at 11:29 AM logo[$$] Shares in Premier Foods slide on sales drop (NYSE:MKC) - October 12 at 11:29 AM
News IconBroker Roundup For McCormick & Company, Incorporated (NYSE:MKC) - The De Soto Edge (NYSE:MKC) - October 9 at 10:29 AM logoMCCORMICK & CO INC Financials (NYSE:MKC) - October 7 at 5:56 PM logo10 Notable Stocks Trading Ex-Dividend Friday, October 7 - Benzinga (NYSE:MKC) - October 6 at 5:59 PM logoMKC Crosses Below Key Moving Average Level (NYSE:MKC) - October 5 at 6:02 PM logoVoluntary Recall Notice of McCormick 24 oz. Club Size Original Taco Seasoning Mix Due to Unlabeled Milk Allergen (NYSE:MKC) - October 5 at 6:02 PM logoIs McCormick A Good Bet For The Long Haul? (NYSE:MKC) - October 5 at 11:19 AM
News IconTop Gainers of the Day: McCormick & Company, Incorporated (NYSE:MKC) from Processed & Packaged Goods (NYSE:MKC) - October 5 at 11:19 AM
News IconPost Earnings Coverage as McCormick Updates FY16 Outlook on Strong Q3 Results (NYSE:MKC) - October 5 at 11:19 AM
News IconIs McCormick & Company, Incorporated(NYSE: MKC), a large market cap stock a smart buy? - The Daily Leicester (NYSE:MKC) - October 4 at 5:51 PM logoMCCORMICK & CO INC Files SEC form 10-Q, Quarterly Report (NYSE:MKC) - October 4 at 10:54 AM logoETF’s with exposure to McCormick & Co., Inc. : October 4, 2016 (NYSE:MKC) - October 4 at 10:54 AM
News IconMcCormick & Company (MKC) Continues to Beat Market Trends - Economic Calendar (NYSE:MKC) - October 3 at 5:48 PM logoHow Did McCormick & Company Perform in 3Q16? (NYSE:MKC) - October 3 at 5:48 PM
News IconMcCormick & Company (MKC) Continues to Beat Market Trends (NYSE:MKC) - October 3 at 10:45 AM logoMcCormick & Company, Incorporated Earnings: The Numbers Behind the Headlines (NYSE:MKC) - October 3 at 10:45 AM logoMcCormick (MKC) Beats Q3 Earnings and Revenues (NYSE:MKC) - October 1 at 5:30 PM logoMcCormick & Co. (MKC) Tops Q3 EPS by 9c; Boosts FY16 EPS Outlook (NYSE:MKC) - October 1 at 5:30 PM logo6:45 am McCormick beats by $0.09, reports revs in-line; raises FY16 guidance (NYSE:MKC) - October 1 at 5:30 PM logoEdited Transcript of MKC earnings conference call or presentation 30-Sep-16 12:00pm GMT (NYSE:MKC) - October 1 at 11:29 AM logoDividend Alert: McCormick & Company, Incorporated (NYSE:MKC) Pays $0.43 Per Share - Stocks Daily (NYSE:MKC) - September 30 at 6:17 PM logoMcCormick (MKC) Stock Climbs on Q3 Earnings Beat, Guidance (NYSE:MKC) - September 30 at 6:17 PM logoA Peek Into The Markets: U.S. Stock Futures Drop Ahead Of Economic Data - Benzinga (NYSE:MKC) - September 30 at 11:24 AM logoMcCormick & Co. (MKC) Tops Q3 EPS by 9c; Boosts FY16 EPS Outlook - (NYSE:MKC) - September 30 at 11:24 AM logoMcCormick & Co., Inc. : MKC-US: Dividend Analysis : July 11th, 2016 (record date) : By the numbers : September 30, 2016 (NYSE:MKC) - September 30 at 11:24 AM
News IconMcCormick & Company, Incorporated (NYSE:MKC) Updated Broker Price Targets - The De Soto Edge (NYSE:MKC) - September 29 at 6:06 PM logoWhat to Look for When McCormick (MKC) Reports Q3 Results (NYSE:MKC) - September 28 at 5:55 PM logoMcCormick & Company Has Declared a Quarterly Dividend (NYSE:MKC) - September 28 at 5:55 PM logoMcCormick mpany Incorporated : Declares $0.43 Quarterly Dividend (NYSE:MKC) - September 27 at 6:02 PM logoMcCormick declares $0.43 dividend (NYSE:MKC) - September 27 at 6:02 PM logoMcCormick Declares $0.43 Quarterly Dividend (NYSE:MKC) - September 27 at 6:02 PM logoWhat's in Store for McCormick & Co. (MKC) in Q3 Earnings? (NYSE:MKC) - September 26 at 10:50 AM
News IconBrokers Set Expectations for McCormick & Company, Incorporated's FY2019 Earnings (MKC) - DailyQuint (NYSE:MKC) - September 22 at 5:52 PM
News IconA look at a High Market Cap Stock: McCormick & Company, Incorporated, MKC - The Daily Leicester (NYSE:MKC) - 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) - September 19 at 6:09 PM
News IconStock Perspective: McCormick & Company, Incorporated (NYSE:MKC) Earnings in View - Frisco Fastball (NYSE:MKC) - September 19 at 6:09 PM logoBernstein Downgraded McCormick & Company to ‘Market Perform’ (NYSE:MKC) - September 19 at 6:09 PM


McCormick & Co. (NYSE:MKC) Chart for Sunday, October, 23, 2016

Last Updated on 10/23/2016 by Staff