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

$197.77
-4.05 (-2.01 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$197.13
Now: $197.77
$202.00
50-Day Range
$172.20
MA: $187.65
$201.82
52-Week Range
$112.22
Now: $197.77
$203.14
Volume392,700 shs
Average Volume839,189 shs
Market Capitalization$26.35 billion
P/E Ratio35.57
Dividend Yield1.25%
Beta0.39
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: 0.9Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.29 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$6.47 per share
Book Value$26.01 per share

Profitability

Net Income$702.70 million

Miscellaneous

Employees15,100
Market Cap$26.35 billion
Next Earnings Date10/6/2020 (Estimated)
OptionableOptionable
$197.77
-4.05 (-2.01 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

MCCORMICK & CO /SH's stock was trading at $146.61 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MKC stock has increased by 34.9% and is now trading at $197.77.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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 3 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 Tuesday, October 6th 2020.
View our earnings forecast for MCCORMICK & CO /SH
.

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

MCCORMICK & CO /SH NV (NYSE:MKC) released its quarterly earnings results on Thursday, June, 25th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.31. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. MCCORMICK & CO /SH had a net margin of 13.74% and a return on equity of 21.34%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS.
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 declared a quarterly dividend on Tuesday, June 23rd. Stockholders of record on Monday, July 6th will be paid a dividend of $0.62 per share on Monday, July 20th. This represents a $2.48 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, July 2nd.
View MCCORMICK & CO /SH's dividend history
.

What price target have analysts set for MKC?

9 brokers have issued 1-year price objectives for MCCORMICK & CO /SH's shares. Their forecasts range from $130.00 to $200.00. On average, they expect MCCORMICK & CO /SH's share price to reach $154.78 in the next twelve months. This suggests that the stock has a possible downside of 21.7%.
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 extremely negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MCCORMICK & CO /SH earned a coverage optimism score of -4.1 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about MCCORMICK & CO /SH
.

Are investors shorting MCCORMICK & CO /SH?

MCCORMICK & CO /SH saw a decrease in short interest in March. As of March 31st, there was short interest totaling 3,070,000 shares, a decrease of 24.9% from the March 15th total of 4,087,600 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is currently 2.8 days.
View MCCORMICK & CO /SH's Short Interest
.

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), NVIDIA (NVDA), Walt Disney (DIS), AbbVie (ABBV), Walmart (WMT), Starbucks (SBUX), AT&T (T), Verizon Communications (VZ), Home Depot (HD) and Mastercard (MA).

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 California Public Employees Retirement System (0.78%), Bank of New York Mellon Corp (0.75%), Swiss National Bank (0.65%), Goldman Sachs Group Inc. (0.65%), NN Investment Partners Holdings N.V. (0.49%) and NN Investment Partners Holdings N.V. (0.48%). 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, Maritza Gomez Montiel, 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 CIBC Asset Management Inc, Huntington National Bank, Hexavest Inc., ProShare Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Goldman Sachs Group Inc., Ensign Peak Advisors Inc, and Vaughan David Investments LLC IL. Company insiders that have sold MCCORMICK & CO /SH company stock in the last year include Christina M Mcmullen, Jacques Tapiero, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Maritza Gomez Montiel, Michael Aaron Conway, Michael R Smith, and Patricia A Little.
View insider buying and selling activity for MCCORMICK & CO /SH
.

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

MKC stock was acquired by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Sawgrass Asset Management LLC, Victory Capital Management Inc., Robeco Institutional Asset Management B.V., California Public Employees Retirement System, Envestnet Asset Management Inc., Bank of New York Mellon Corp, and First Trust Advisors LP.
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 $197.77.

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

MCCORMICK & CO /SH has a market capitalization of $26.35 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 8/13/2020 by MarketBeat.com Staff

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