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

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$150.00 +1.36 (+0.91 %)
(As of 11/16/2018 04:00 PM ET)
Previous Close$150.00
Today's Range$147.91 - $150.71
52-Week Range$98.34 - $151.42
Volume1.86 million shs
Average Volume1.22 million shs
Market Capitalization$19.45 billion
P/E Ratio35.21
Dividend Yield1.41%
Beta0.34
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

Stock Exchange NYSE
Industry Miscellaneous food preparations & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Current SymbolNYSE:MKC
Previous Symbol
CUSIP57978020
Phone410-771-7301

Debt

Debt-to-Equity Ratio1.37
Current Ratio0.79
Quick Ratio0.36

Price-To-Earnings

Trailing P/E Ratio35.21
Forward P/E Ratio30.06
P/E Growth3.29

Sales & Book Value

Annual Sales$4.83 billion
Price / Sales4.09
Cash Flow$5.3706 per share
Price / Cash27.93
Book Value$19.63 per share
Price / Book7.64

Profitability

EPS (Most Recent Fiscal Year)$4.26
Net Income$477.40 million
Net Margins16.57%
Return on Equity21.83%
Return on Assets6.22%

Miscellaneous

Employees14,600
Outstanding Shares131,660,000
Market Cap$19.45 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 declared a quarterly dividend on Tuesday, September 25th. Investors of record on Tuesday, October 9th will be given a dividend of $0.52 per share on Tuesday, October 23rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Friday, October 5th. View MCCORMICK & CO /SH's Dividend History.

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

MCCORMICK & CO /SH NV (NYSE:MKC) announced its quarterly earnings results on Thursday, September, 27th. The company reported $1.28 EPS for the quarter, beating the Zacks' consensus estimate of $1.27 by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. MCCORMICK & CO /SH had a return on equity of 21.83% and a net margin of 16.57%. The company's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the company 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.

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

MCCORMICK & CO /SH issued an update on its FY18 earnings guidance on Thursday, September, 27th. The company provided earnings per share guidance of $4.95-5.00 for the period, compared to the Thomson Reuters consensus estimate of $4.92. The company issued revenue guidance of +12-14% to ~$5.41-5.51 billion, compared to the consensus revenue estimate of $5.47 billion.

What price target have analysts set for MKC?

9 brokerages have issued 12-month target prices for MCCORMICK & CO /SH's stock. Their forecasts range from $98.00 to $150.00. On average, they expect MCCORMICK & CO /SH's stock price to reach $127.1250 in the next twelve months. This suggests that the stock has a possible downside of 15.3%. View Analyst Price Targets for MCCORMICK & CO /SH.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MCCORMICK & CO /SH in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating 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. 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)
  • 2. According to Zacks Investment Research, "McCormick’s shares have outdone the industry in the past year, thanks to its spectacular past record. In fact, the company’s second-quarter fiscal 2018 results marked its sixth and fifth consecutive earnings and sales beat, respectively. Well, the robust performance stems from the company’s dedicated focus on buyouts, product innovations, cost-containment measures and efficient marketing initiatives. Speaking of cost savings, the company’s Comprehensive Continuous Improvement program has been yielding well. Notably, savings from CCI aided expanding margins during the second quarter. On the flip side, we note that McCormick continues to incur high brand marketing and freight costs. These factors had a negative impact on margins in the second quarter. In fact, freight costs are expected to remain a headwind for gross margin in fiscal 2018. Apart from this, stiff competition in the food space remains a threat to the company." (9/25/2018)

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

News articles about MKC stock have trended neutral this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. MCCORMICK & CO /SH earned a coverage optimism score of 0.1 on InfoTrie's scale. They also assigned press coverage 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 company's share price in the near term.

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 a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.23%), Franklin Resources Inc. (1.96%), Putnam Investments LLC (1.80%), Bank of New York Mellon Corp (0.84%), FMR LLC (0.71%) and Swiss National Bank (0.68%). 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 Darrell & King LLC, TIAA CREF Investment Management LLC, Deutsche Bank AG, Putnam Investments LLC, Jennison Associates LLC, Mitsubishi UFJ Trust & Banking Corp, Franklin Resources Inc. and Bahl & Gaynor Inc.. 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 Janus Henderson Group PLC, BlackRock Inc., Moody National Bank Trust Division, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Soros Fund Management LLC, AQR Capital Management LLC and AXA. 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 $150.00.

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

MCCORMICK & CO /SH has a market capitalization of $19.45 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:  342 (Vote Outperform)
Underperform Votes:  440 (Vote Underperform)
Total Votes:  782
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 11/17/2018 by MarketBeat.com Staff

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