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$5.35 billion
Profitability
Miscellaneous
Employees15,100
Next Earnings Date3/24/2020 (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 declared a quarterly dividend on Tuesday, November 26th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.62 per share on Monday, January 13th. This represents a $2.48 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from MCCORMICK & CO /SH's previous quarterly dividend of $0.57. View MCCORMICK & CO /SH's Dividend History.
How were MCCORMICK & CO /SH's earnings last quarter?
MCCORMICK & CO /SH NV (NYSE:MKC) posted its quarterly earnings results on Tuesday, January, 28th. The company reported $1.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $1.61. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.52 billion. MCCORMICK & CO /SH had a return on equity of 21.00% and a net margin of 13.14%. MCCORMICK & CO /SH's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. 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 issued an update on its FY20 earnings guidance on Tuesday, January, 28th. The company provided EPS guidance of $5.20-2.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.54. The company issued revenue guidance of +2-4% to $5.45-5.56 billion, compared to the consensus revenue estimate of $5.54 billion.
What price target have analysts set for MKC?
8 analysts have issued 12 month price objectives for MCCORMICK & CO /SH's stock. Their forecasts range from $140.00 to $172.00. On average, they expect MCCORMICK & CO /SH's share price to reach $155.38 in the next year. This suggests that the stock has a possible downside of 5.8%. View Analyst Price Targets for MCCORMICK & CO /SH.
What is the consensus analysts' recommendation for MCCORMICK & CO /SH?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MCCORMICK & CO /SH in the last year. There are currently 4 sell ratings and 4 hold 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?
Media stories about MKC stock have trended very positive recently, InfoTrie reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MCCORMICK & CO /SH earned a media sentiment score of 3.8 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for MCCORMICK & CO /SH.
Who are some of MCCORMICK & CO /SH's key competitors?
Some companies that are related to MCCORMICK & CO /SH include Mondelez International (MDLZ), Hershey (HSY), General Mills (GIS), Tyson Foods (TSN), Hormel Foods (HRL), Kellogg (K), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Pilgrim's Pride (PPC), Flowers Foods (FLO), Seaboard (SEB), Lancaster Colony (LANC) and J & J Snack Foods (JJSF).
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 many different of retail and institutional investors. Top institutional investors include State Street Corp (5.12%), Franklin Resources Inc. (2.00%), Janus Henderson Group PLC (0.86%), Goldman Sachs Group Inc. (0.83%), California Public Employees Retirement System (0.76%) and Bank of New York Mellon Corp (0.71%). 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 major investors are selling MCCORMICK & CO /SH stock?
MKC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Janus Henderson Group PLC, Goldman Sachs Group Inc., Jennison Associates LLC, PARK CIRCLE Co, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, First Trust Advisors LP and Guggenheim Capital LLC. Company insiders that have sold MCCORMICK & CO /SH company stock in the last year include Alan D Wilson, Christina M Mcmullen, 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 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 Stifel Financial Corp, Loomis Sayles & Co. L P, ProShare Advisors LLC, Parnassus Investments CA, Mitsubishi UFJ Trust & Banking Corp, Maverick Capital Ltd., TD Asset Management Inc. and Man 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 $164.91.
How big of a company is MCCORMICK & CO /SH?
MCCORMICK & CO /SH has a market capitalization of $21.92 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.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.
