NYSE:MKC - McCormick & Company Stock Price, Price Target & More

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$105.55 -0.85 (-0.80 %)
(As of 06/19/2018 06:22 AM ET)
Previous Close$106.40
Today's Range$104.88 - $106.58
52-Week Range$90.25 - $111.46
Volume729,600 shs
Average Volume875,184 shs
Market Capitalization$13.95 billion
P/E Ratio23.75
Dividend Yield1.95%
Beta0.57
McCormick & Company logoMcCormick & 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 based in Sparks, Maryland.

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Industry, Sector and Symbol

Industry Miscellaneous food preparations & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
SymbolNYSE:MKC
CUSIP57978020
Phone410-771-7301

Debt

Debt-to-Equity Ratio1.43
Current Ratio0.86
Quick Ratio0.42

Price-To-Earnings

Trailing P/E Ratio23.75
Forward P/E Ratio21.45
P/E Growth2.4

Sales & Book Value

Annual Sales$4.83 billion
Price / Sales2.86
Cash Flow$5.2460 per share
Price / Cash20.12
Book Value$19.63 per share
Price / Book5.38

Profitability

EPS (Most Recent Fiscal Year)$4.26
Net Income$477.40 million
Net Margins16.04%
Return on Equity23.39%
Return on Assets6.49%

Miscellaneous

Employees14,600
Outstanding Shares131,100,000

McCormick & Company (NYSE:MKC) Frequently Asked Questions

What is McCormick & Company's stock symbol?

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

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

McCormick & Company announced a quarterly dividend on Wednesday, March 28th. Stockholders of record on Monday, April 9th will be given a dividend of $0.52 per share on Monday, April 23rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, April 6th. View McCormick & Company's Dividend History.

How were McCormick & Company's earnings last quarter?

McCormick & Company (NYSE:MKC) posted its earnings results on Tuesday, March, 27th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.09. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. McCormick & Company had a net margin of 16.04% and a return on equity of 23.39%. The company's quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. View McCormick & Company's Earnings History.

When is McCormick & Company's next earnings date?

McCormick & Company is scheduled to release their next quarterly earnings announcement on Thursday, June, 28th 2018. View Earnings Estimates for McCormick & Company.

What guidance has McCormick & Company issued on next quarter's earnings?

McCormick & Company issued an update on its FY18 earnings guidance on Tuesday, March, 27th. The company provided earnings per share guidance of $4.85-4.95 for the period, compared to the Thomson Reuters consensus estimate of $4.87. The company issued revenue guidance of +13-15% YoY to ~$5.45-5.55 billion, compared to the consensus revenue estimate of $5.46 billion.

What price target have analysts set for MKC?

8 analysts have issued 12-month price objectives for McCormick & Company's shares. Their forecasts range from $98.00 to $122.00. On average, they expect McCormick & Company's stock price to reach $112.8571 in the next twelve months. View Analyst Ratings for McCormick & Company.

What are Wall Street analysts saying about McCormick & Company stock?

Here are some recent quotes from research analysts about McCormick & Company stock:
  • 1. According to Zacks Investment Research, "McCormick has lagged the industry in the past three months. The company continues to incur higher raw material costs, alongside witnessing increased brand marketing and freight expenses. Going forward, management expects material costs to escalate in low-single digits in fiscal 2018, which remains a matter of concern. McCormick is also increasing brand marketing expenses significantly to further drive sales. Apart from this, stiff competition in the food space may hurt McCormick’s profits. Nonetheless, these are likely to be cushioned by McCormick’s Comprehensive Continuous Improvement program, which has been boosting margins for quite some time. Moreover, the company is expected to gain from its focus on buyouts, innovations and efficient cost-saving initiatives. Markedly, these factors helped the company sustain its stellar performance in first-quarter fiscal 2018, with the top and bottom lines improving year over year." (6/11/2018)
  • 2. Jefferies Financial Group Inc analysts commented, "4Q17 adj. EPS of $1.54, was in line with our estimate but 3c (2%) above consensus. More importantly, FY18 sales, adj. EBIT & adj. EPS guidance were set above consensus by 1%, 1% and 3%, respectively. Organic sales growth was strong in 4Q (5%) and is expected to be 4% in FY18, which if achieved would be best in class. Excluding the $0.30 (or 7%) US tax legislation impact, FY18 EPS guidance implies ~7% growth, which we believe is appropriately conservative. 4Q EBIT missed consensus by 2% and our estimate by 4% driven entirely by higher than expected SG&A (likely brand investments) – sales and GP beat. 4Q net sales beat our estimate by $22M or 1% and consensus by $7M. Adjusted EBIT came in ~ $12M (0.06/shr) lower than our estimate (missed consensus by ~$8M or 4c/shr). Although EBIT missed our and consensus estimates it is important to point out that the entire miss was driven by higher than expected SG&A expenses. Gross margins were up 180 bps y/y (100 bps above our estimate and in line with consensus) despite absorbing a headwind from inventory adjustment related to the RB foods deal. Gross profit of $683M was $24M above our estimate ($2M above consensus). SG&A expenses were $37M (11%) above our estimate ($10M above consensus), likely driven at least partially by an increase in brand marketing expenses. Below the line items contributed 7c to the overall EPS beat relative to our estimate, driven mainly by a lower than expected tax rate." (1/25/2018)

Who are some of McCormick & Company's key competitors?

Who are McCormick & Company's key executives?

McCormick & Company'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)

Has McCormick & Company been receiving favorable news coverage?

Media coverage about MKC stock has trended positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. McCormick & Company earned a news impact score of 0.41 on Accern's scale. They also assigned news coverage about the company an impact score of 47.43 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Who are McCormick & Company's major shareholders?

McCormick & Company's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.60%), Northern Trust Corp (1.67%), Amundi Pioneer Asset Management Inc. (0.77%), Swiss National Bank (0.75%), Champlain Investment Partners LLC (0.62%) and Eaton Vance Management (0.61%). Company insiders that own McCormick & Company stock include Alan D Wilson, Freeman A Hrabowski III, Gordon Mckenzie Stetz Jr, Maritza Gomez Montiel, Michael D Mangan, Michael R Smith and Patricia A Little. View Institutional Ownership Trends for McCormick & Company.

Which major investors are selling McCormick & Company stock?

MKC stock was sold by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., The Manufacturers Life Insurance Company, JPMorgan Chase & Co., Millennium Management LLC, State of Wisconsin Investment Board, Eaton Vance Management, Public Employees Retirement Association of Colorado and Ontario Teachers Pension Plan Board. Company insiders that have sold McCormick & Company company stock in the last year include Freeman A Hrabowski III, Maritza Gomez Montiel, Michael D Mangan, Michael R Smith and Patricia A Little. View Insider Buying and Selling for McCormick & Company.

Which major investors are buying McCormick & Company stock?

MKC stock was purchased by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Summit Trail Advisors LLC, Select Equity Group L.P., Federated Investors Inc. PA, BlackRock Inc., Stifel Financial Corp, Candriam Luxembourg S.C.A. and Champlain Investment Partners LLC. View Insider Buying and Selling for McCormick & Company.

How do I buy shares of McCormick & Company?

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 & Company's stock price today?

One share of MKC stock can currently be purchased for approximately $105.55.

How big of a company is McCormick & Company?

McCormick & Company has a market capitalization of $13.95 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 & Company employs 14,600 workers across the globe.

How can I contact McCormick & Company?

McCormick & Company's mailing address is 18 LOVETON CIRCLE, SPARKS MD, 21152. The company can be reached via phone at 410-771-7301 or via email at [email protected]


MarketBeat Community Rating for McCormick & Company (MKC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  277 (Vote Outperform)
Underperform Votes:  398 (Vote Underperform)
Total Votes:  675
MarketBeat's community ratings are surveys of what our community members think about McCormick & Company 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 6/19/2018 by MarketBeat.com Staff

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