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

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$140.65 +3.18 (+2.31 %)
(As of 10/19/2018 04:00 PM ET)
Previous Close$140.65
Today's Range$138.43 - $141.08
52-Week Range$93.70 - $141.08
Volume1.32 million shs
Average Volume1.01 million shs
Market Capitalization$18.10 billion
P/E Ratio33.02
Dividend Yield1.51%
Beta0.57
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 based in Sparks, Maryland.

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Industry, Sector and Symbol

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

Debt

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

Price-To-Earnings

Trailing P/E Ratio33.02
Forward P/E Ratio28.19
P/E Growth3.06

Sales & Book Value

Annual Sales$4.83 billion
Price / Sales3.83
Cash Flow$5.4117 per share
Price / Cash25.99
Book Value$23.64 per share
Price / Book5.95

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$18.10 billion

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, September 25th. Investors of record on Tuesday, October 9th will be paid a dividend of $0.52 per share on Tuesday, October 23rd. This represents a $2.08 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend 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) issued its quarterly earnings data on Thursday, September, 27th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. The business 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%. MCCORMICK & CO /SH's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 earnings per share. 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 EPS guidance of $4.95-5.00 for the period, compared to the Thomson Reuters consensus earnings per share 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 analysts have issued 1-year price objectives for MCCORMICK & CO /SH's shares. Their predictions range from $98.00 to $150.00. On average, they expect MCCORMICK & CO /SH's stock price to reach $125.50 in the next twelve months. This suggests that the stock has a possible downside of 10.8%. 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, 6 hold ratings and 2 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. 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)

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 many different of institutional and retail investors. Top institutional shareholders include Clarkston Capital Partners LLC (0.33%), Huntington National Bank (0.21%), Oakbrook Investments LLC (0.19%), Bartlett & Co. LLC (0.15%), Bank of Montreal Can (0.12%) and Aperio Group LLC (0.12%). Company insiders that own MCCORMICK & CO /SH stock include Alan D Wilson, Freeman A Hrabowski III, 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 Clarkston Capital Partners LLC, Oakbrook Investments LLC, JLB & Associates Inc., State of New Jersey Common Pension Fund D, Sumitomo Mitsui Asset Management Company LTD, Aperio Group LLC, Bartlett & Co. LLC and First Manhattan Co.. Company insiders that have sold MCCORMICK & CO /SH company stock in the last year include Alan D Wilson, Maritza Gomez Montiel, 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 acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Huntington National Bank, Andra AP fonden, Callahan Advisors LLC, We Are One Seven LLC, Contravisory Investment Management Inc., Fulton Bank N.A. and First United Bank Trust. 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 $140.65.

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

MCCORMICK & CO /SH has a market capitalization of $18.10 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:  331 (Vote Outperform)
Underperform Votes:  436 (Vote Underperform)
Total Votes:  767
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 10/20/2018 by MarketBeat.com Staff

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