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.
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Industry, Sector and Symbol
Industry Miscellaneous food preparations & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Phone410-771-7301
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$5.41 billion
Profitability
Miscellaneous
Employees14,400
Next Earnings Date9/26/2019 (Estimated)
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 announced a quarterly dividend on Tuesday, June 25th. Investors of record on Monday, July 8th will be paid a dividend of $0.57 per share on Monday, July 22nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, July 5th. View MCCORMICK & CO /SH's Dividend History.
How were MCCORMICK & CO /SH's earnings last quarter?
MCCORMICK & CO /SH NV (NYSE:MKC) released its quarterly earnings results on Thursday, June, 27th. The company reported $1.16 EPS for the quarter, beating the Zacks' consensus estimate of $1.09 by $0.07. The company earned $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. MCCORMICK & CO /SH had a return on equity of 21.42% and a net margin of 12.73%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.02 EPS. View MCCORMICK & CO /SH's Earnings History.
When is MCCORMICK & CO /SH's next earnings date?
What guidance has MCCORMICK & CO /SH issued on next quarter's earnings?
MCCORMICK & CO /SH updated its FY19 earnings guidance on Thursday, June, 27th. The company provided earnings per share guidance of $5.20-5.30 for the period, compared to the Thomson Reuters consensus estimate of $5.26. The company issued revenue guidance of +1-3% to ~$5.46-5.57 billion, compared to the consensus revenue estimate of $5.42 billion.
What price target have analysts set for MKC?
9 analysts have issued 1 year price objectives for MCCORMICK & CO /SH's shares. Their predictions range from $108.00 to $166.00. On average, they anticipate MCCORMICK & CO /SH's share price to reach $140.6250 in the next twelve months. This suggests that the stock has a possible downside of 11.7%. 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, 5 hold ratings and 3 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?
News stories about MKC stock have been trending negative recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MCCORMICK & CO /SH earned a news impact score of -2.9 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for MCCORMICK & CO /SH.
Are investors shorting MCCORMICK & CO /SH?
MCCORMICK & CO /SH saw a decline in short interest in the month of August. As of August 31st, there was short interest totalling 8,287,200 shares, a decline of 6.5% from the July 31st total of 8,867,500 shares. Based on an average daily trading volume, of 878,900 shares, the days-to-cover ratio is currently 9.4 days. Currently, 6.8% of the shares of the company are short sold. View MCCORMICK & CO /SH's Current Options Chain.
Who are some of MCCORMICK & CO /SH's key competitors?
What other stocks do shareholders of MCCORMICK & CO /SH own?
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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.87%), BlackRock Inc. (7.65%), BlackRock Inc. (7.65%), Northern Trust Corp (1.15%), Janus Henderson Group PLC (1.10%) and Janus Henderson Group PLC (1.10%). Company insiders that own MCCORMICK & CO /SH stock include Alan D Wilson, Christina M Mcmullen, Freeman A Hrabowski III, Jacques Tapiero, Lawrence Erik Kurzius, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Maritza Gomez Montiel, 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 BlackRock Inc., BlackRock Inc., Clarkston Capital Partners LLC, APG Asset Management N.V., Putnam Investments LLC, Point72 Asset Management L.P., Amundi Pioneer Asset Management Inc. and Oakbrook Investments LLC. Company insiders that have sold MCCORMICK & CO /SH company stock in the last year include Alan D Wilson, Christina M Mcmullen, Jacques Tapiero, Lawrence Erik Kurzius, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Michael D Mangan, Michael R Smith, Nneka Louise Rimmer and Patricia A Little. View Insider Buying and Selling for MCCORMICK & CO /SH.
Which institutional investors are buying MCCORMICK & CO /SH stock?
MKC stock was acquired by a variety of institutional investors in the last quarter, including Thoroughbred Financial Services LLC, Invesco Ltd., Nuveen Asset Management LLC, Vanguard Group Inc., California Public Employees Retirement System, JPMorgan Chase & Co., NN Investment Partners Holdings N.V. and Janus Henderson Group PLC. 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 $159.26.
How big of a company is MCCORMICK & CO /SH?
MCCORMICK & CO /SH has a market capitalization of $21.11 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?
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)
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.
