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NYSE:MKCMCCORMICK & CO /SH Stock Price, Forecast & News

$170.83
+0.06 (+0.04 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$167.87
Now: $170.83
$171.37
50-Day Range
$151.18
MA: $164.91
$177.98
52-Week Range
$112.22
Now: $170.83
$180.38
Volume899,408 shs
Average Volume773,064 shs
Market Capitalization$22.70 billion
P/E Ratio32.73
Dividend Yield1.45%
Beta0.36
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. 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 Flavor Solutions 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. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.
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MCCORMICK & CO /SH logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.9Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 out of 5 stars


Industry, Sector and Symbol

Industry Miscellaneous food preparations & kindred products
Sub-IndustryPackaged Foods & Meats
CUSIP57978020
Phone410-771-7301

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.35 billion
Cash Flow$6.59 per share
Book Value$26.01 per share

Profitability

Net Income$702.70 million

Miscellaneous

Employees15,100
Market Cap$22.70 billion
Next Earnings Date6/25/2020 (Confirmed)
OptionableOptionable

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MCCORMICK & CO /SH (NYSE:MKC) Frequently Asked Questions

How has MCCORMICK & CO /SH's stock been impacted by COVID-19 (Coronavirus)?

MCCORMICK & CO /SH's stock was trading at $146.61 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MKC stock has increased by 16.5% and is now trading at $170.83. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MCCORMICK & CO /SH?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MCCORMICK & CO /SH in the last year. There are currently 4 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MCCORMICK & CO /SH.

When is MCCORMICK & CO /SH's next earnings date?

MCCORMICK & CO /SH is scheduled to release its next quarterly earnings announcement on Thursday, June 25th 2020. View our earnings forecast 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, June 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were MCCORMICK & CO /SH's earnings last quarter?

MCCORMICK & CO /SH NV (NYSE:MKC) announced its quarterly earnings results on Tuesday, March, 31st. The company reported $1.08 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.03 by $0.05. The business earned $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. MCCORMICK & CO /SH had a return on equity of 20.53% and a net margin of 13.13%. MCCORMICK & CO /SH's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 earnings per share. View MCCORMICK & CO /SH's earnings history.

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 Wednesday, April 1st. Shareholders of record on Monday, April 13th will be paid a dividend of $0.62 per share on Monday, April 27th. This represents a $2.48 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, April 9th. View MCCORMICK & CO /SH's dividend history.

What price target have analysts set for MKC?

10 brokerages have issued 1-year price objectives for MCCORMICK & CO /SH's stock. Their forecasts range from $110.00 to $187.00. On average, they anticipate MCCORMICK & CO /SH's share price to reach $143.50 in the next twelve months. This suggests that the stock has a possible downside of 16.0%. View analysts' price targets for MCCORMICK & CO /SH.

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

Media stories about MKC stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. 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 news sentiment score of -1.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMCCORMICK & 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 Johnson & Johnson (JNJ), Walt Disney (DIS), NVIDIA (NVDA), Starbucks (SBUX), AT&T (T), PepsiCo (PEP), Home Depot (HD), Mcdonald's (MCD), Walmart (WMT) and AbbVie (ABBV).

Who are MCCORMICK & CO /SH's key executives?

MCCORMICK & CO /SH's management team includes the following 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)

What is MCCORMICK & CO /SH's stock symbol?

MCCORMICK & CO /SH trades on the New York Stock Exchange (NYSE) under the ticker symbol "MKC."

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

MCCORMICK & CO /SH's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.72%), Fundsmith LLP (5.36%), State Street Corp (5.13%), Franklin Resources Inc. (1.94%), Geode Capital Management LLC (1.51%) and California Public Employees Retirement System (0.74%). 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 institutional investors are selling MCCORMICK & CO /SH stock?

MKC stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Janus Henderson Group PLC, Fundsmith LLP, Invesco Ltd., Retirement Systems of Alabama, Sumitomo Mitsui Trust Holdings Inc., Commerzbank Aktiengesellschaft FI, and Robeco Institutional Asset Management B.V.. Company insiders that have sold MCCORMICK & CO /SH company stock in the last year include 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 activity for MCCORMICK & CO /SH.

Which institutional investors are buying MCCORMICK & CO /SH stock?

MKC stock was purchased by a variety of institutional investors in the last quarter, including Capital Research Global Investors, APG Asset Management N.V., Two Sigma Advisers LP, Bartlett & Co. LLC, APG Asset Management N.V., APG Asset Management N.V., Swiss National Bank, and CIBC Asset Management Inc. View insider buying and selling activity 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 $170.83.

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

MCCORMICK & CO /SH has a market capitalization of $22.70 billion and generates $5.35 billion in revenue each year. The company earns $702.70 million in net income (profit) each year or $5.35 on an earnings per share basis. MCCORMICK & CO /SH employs 15,100 workers across the globe.

What is MCCORMICK & CO /SH's official website?

The official website for MCCORMICK & CO /SH is 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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