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F   8.79 (-1.35%)
PRI   132.68 (+0.79%)
BAC   32.76 (-0.55%)
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MCCORMICK & CO /SH Stock Price, Forecast & Analysis (NYSE:MKC)

$167.09
+1.13 (+0.68 %)
(As of 11/20/2019 12:58 PM ET)
Today's Range
$166.42
Now: $167.09
$168.12
50-Day Range
$156.82
MA: $162.55
$168.96
52-Week Range
$119.00
Now: $167.09
$171.10
Volume10,958 shs
Average Volume615,582 shs
Market Capitalization$22.21 billion
P/E Ratio33.62
Dividend Yield1.40%
Beta0.13
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. Read More…

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$6.33 per share
Book Value$24.09 per share

Profitability

Net Income$933.40 million

Miscellaneous

Employees14,400
Market Cap$22.21 billion
Next Earnings Date1/23/2020 (Estimated)
OptionableOptionable

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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, September 24th. Investors of record on Monday, October 7th will be paid a dividend of $0.57 per share on Monday, October 21st. This represents a $2.28 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, October 4th. 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 Tuesday, October, 1st. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.17. The business earned $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. MCCORMICK & CO /SH had a return on equity of 21.63% and a net margin of 13.12%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $1.28 earnings per share. 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 23rd 2020. View Earnings Estimates for MCCORMICK & CO /SH.

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

MCCORMICK & CO /SH issued an update on its FY19 earnings guidance on Tuesday, October, 1st. The company provided earnings per share guidance of $5.30-5.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.27.

What price target have analysts set for MKC?

7 equities research analysts have issued 1 year price objectives for MCCORMICK & CO /SH's shares. Their forecasts range from $142.00 to $166.00. On average, they anticipate MCCORMICK & CO /SH's share price to reach $153.83 in the next year. This suggests that the stock has a possible downside of 7.9%. View Analyst Price Targets for MCCORMICK & CO /SH.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MCCORMICK & CO /SH in the last year. There are currently 1 sell rating, 4 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 the past three months, largely driven by its robust-savings initiatives and sales-driving efforts. These factors fueled first-quarter fiscal 2019 results, wherein earnings improved year on year and surpassed the Zacks Consensus Estimate. Also, the top line remained sturdy, gaining from a strong base business as well as new product developments. New launches under the Frank's and French's banners have been yielding results. Notably, the company is on track with new product developments across different categories for fiscal 2019. Also, it is progressing well with augmenting digital marketing efforts. On the flip side, we note that adverse currency fluctuations were a drag on the top and the bottom line during the first quarter. Management expects such headwinds to persist in fiscal 2019." (5/30/2019)
  • 2. Jefferies Financial Group Inc analysts commented, "Results are not directly comparable to our estimates given the adoption of new accounting standards, however, organic sales growth was better than expected, gross margins were flat y/y and EBIT was generally in line. Expectations were high and although 1Q was solid, quality was not high enough, in our view." (3/26/2019)

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

Headlines about MKC stock have been trending extremely negative on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing 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 coverage optimism score of -5.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for MCCORMICK & CO /SH.

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 Starbucks (SBUX), Mcdonald's (MCD), Johnson & Johnson (JNJ), PepsiCo (PEP), AT&T (T), Walt Disney (DIS), Home Depot (HD), 3M (MMM), Mastercard (MA) and Walmart (WMT).

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 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 investors include California Public Employees Retirement System (0.75%), Sumitomo Mitsui Trust Holdings Inc. (0.53%), Congress Asset Management Co. MA (0.47%), Robeco Institutional Asset Management B.V. (0.42%), Parnassus Investments CA (0.40%) and AMI Asset Management Corp (0.27%). Company insiders that own MCCORMICK & CO /SH stock include Alan D Wilson, Christina M Mcmullen, Jacques Tapiero, Lawrence Erik Kurzius, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Michael Aaron Conway, Michael D Mangan, Michael R Smith, Nneka Louise Rimmer 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 SG Americas Securities LLC, First Trust Advisors LP, Tufton Capital Management, Sawgrass Asset Management LLC, Stonehage Fleming Financial Services Holdings Ltd, Congress Asset Management Co. MA, Trillium Asset Management LLC and Huntington National Bank. Company insiders that have sold MCCORMICK & CO /SH company stock in the last year include Alan D Wilson, Christina M Mcmullen, Jacques Tapiero, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Michael Aaron Conway, Michael R Smith and Nneka Louise Rimmer. 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 California Public Employees Retirement System, CWM LLC, Teacher Retirement System of Texas, Commerzbank Aktiengesellschaft FI, Sciencast Management LP, Rockland Trust Co., State of New Jersey Common Pension Fund D and Rhumbline Advisers. 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, Robinhood, Fidelity and Charles Schwab.

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

One share of MKC stock can currently be purchased for approximately $167.09.

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

MCCORMICK & CO /SH has a market capitalization of $22.21 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.View Additional Information About MCCORMICK & CO /SH.

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:  401 (Vote Outperform)
Underperform Votes:  495 (Vote Underperform)
Total Votes:  896
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 11/20/2019 by MarketBeat.com Staff

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