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

$132.29
+0.65 (+0.49 %)
(As of 03/29/2020 02:00 AM ET)
Today's Range
$128.00
Now: $132.29
$134.64
50-Day Range
$113.83
MA: $149.05
$167.08
52-Week Range
$112.22
Now: $132.29
$174.58
Volume996,134 shs
Average Volume1.60 million shs
Market Capitalization$17.58 billion
P/E Ratio25.20
Dividend Yield1.88%
Beta0.22
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

Industry, Sector and Symbol

Industry Miscellaneous food preparations & kindred products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
CUSIP57978020
Phone410-771-7301

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.35 billion
Cash Flow$6.62 per share
Book Value$26.01 per share

Profitability

Net Income$702.70 million

Miscellaneous

Employees15,100
Market Cap$17.58 billion
Next Earnings Date3/31/2020 (Confirmed)
OptionableOptionable

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

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

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 decreased by 9.8% and is now trading at $132.29. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 5 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of "Sell." 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, March 31st 2020. View our earnings forecast for MCCORMICK & CO /SH.

How can I listen to MCCORMICK & CO /SH's earnings call?

MCCORMICK & CO /SH will be holding an earnings conference call on Tuesday, March 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

MCCORMICK & CO /SH NV (NYSE:MKC) released its quarterly earnings results on Tuesday, January, 28th. The company reported $1.61 earnings per share for the quarter, meeting analysts' consensus estimates of $1.61. The firm earned $1.48 billion during the quarter, compared to analysts' expectations of $1.52 billion. MCCORMICK & CO /SH had a net margin of 13.14% and a return on equity of 21.00%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 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, November 26th. Stockholders 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 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Monday, December 30th. This is a boost from MCCORMICK & CO /SH's previous quarterly dividend of $0.57. View MCCORMICK & CO /SH's dividend history.

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

MCCORMICK & CO /SH updated its FY20 earnings guidance on Tuesday, January, 28th. The company provided earnings per share (EPS) guidance of $5.20-2.30 for the period, compared to the Thomson Reuters consensus 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 brokers have issued twelve-month price objectives for MCCORMICK & CO /SH's stock. Their forecasts range from $137.00 to $166.00. On average, they expect MCCORMICK & CO /SH's stock price to reach $145.88 in the next year. This suggests a possible upside of 10.3% from the stock's current price. 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 negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MCCORMICK & CO /SH earned a news impact score of -2.1 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutMCCORMICK & CO /SH.

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), AT&T (T), Mcdonald's (MCD), Walt Disney (DIS), NVIDIA (NVDA), Home Depot (HD), Starbucks (SBUX), PepsiCo (PEP), Medtronic (MDT) and Procter & Gamble (PG).

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 institutional and retail investors. Top institutional shareholders include State Street Corp (5.12%), Franklin Resources Inc. (2.00%), Franklin Resources Inc. (2.00%), Geode Capital Management LLC (1.50%), Janus Henderson Group PLC (0.86%) and Goldman Sachs Group Inc. (0.83%). 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 institutional 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 activity 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 Norges Bank, Stifel Financial Corp, Loomis Sayles & Co. L P, ProShare Advisors LLC, Parnassus Investments CA, Mitsubishi UFJ Trust & Banking Corp, Maverick Capital Ltd., and Geode Capital Management LLC. 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 $132.29.

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

MCCORMICK & CO /SH has a market capitalization of $17.58 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?

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:  433 (Vote Outperform)
Underperform Votes:  546 (Vote Underperform)
Total Votes:  979
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 3/29/2020 by MarketBeat.com Staff

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