NYSE:MKC - MCCORMICK & Co/SH SH NV Stock Price, Price Target & More

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$119.42 +0.95 (+0.80 %)
(As of 07/17/2018 04:00 PM ET)
Previous Close$118.47
Today's Range$118.13 - $119.49
52-Week Range$90.25 - $120.23
Volume621,400 shs
Average Volume1.06 million shs
Market Capitalization$15.64 billion
P/E Ratio28.03
Dividend Yield1.75%
Beta0.57
MCCORMICK & Co/SH SH NV logoMcCormick & 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 Ratio1.47
Current Ratio0.85
Quick Ratio0.42

Price-To-Earnings

Trailing P/E Ratio28.03
Forward P/E Ratio24.08
P/E Growth2.68

Sales & Book Value

Annual Sales$4.83 billion
Price / Sales3.24
Cash Flow$5.3005 per share
Price / Cash22.53
Book Value$23.16 per share
Price / Book5.16

Profitability

EPS (Most Recent Fiscal Year)$4.26
Net Income$477.40 million
Net Margins15.83%
Return on Equity21.98%
Return on Assets5.94%

Miscellaneous

Employees14,600
Outstanding Shares131,270,000
Market Cap$15,639.03

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

What is MCCORMICK & Co/SH SH NV's stock symbol?

MCCORMICK & Co/SH SH NV trades on the New York Stock Exchange (NYSE) under the ticker symbol "MKC."

How often does MCCORMICK & Co/SH SH NV pay dividends? What is the dividend yield for MCCORMICK & Co/SH SH NV?

MCCORMICK & Co/SH SH NV announced a quarterly dividend on Tuesday, June 26th. Stockholders of record on Monday, July 9th will be paid a dividend of $0.52 per share on Monday, July 23rd. This represents a $2.08 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, July 6th. View MCCORMICK & Co/SH SH NV's Dividend History.

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

MCCORMICK & Co/SH SH NV (NYSE:MKC) released its quarterly earnings data on Thursday, June, 28th. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.09. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. MCCORMICK & Co/SH SH NV had a net margin of 15.83% and a return on equity of 21.98%. MCCORMICK & Co/SH SH NV's revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. View MCCORMICK & Co/SH SH NV's Earnings History.

When is MCCORMICK & Co/SH SH NV's next earnings date?

MCCORMICK & Co/SH SH NV is scheduled to release their next quarterly earnings announcement on Wednesday, September, 26th 2018. View Earnings Estimates for MCCORMICK & Co/SH SH NV.

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

MCCORMICK & Co/SH SH NV updated its FY18 earnings guidance on Thursday, June, 28th. The company provided earnings per share guidance of $4.85-4.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.87. The company issued revenue guidance of +13-15% YoY to ~$5.45-5.55 billion, compared to the consensus revenue estimate of $5.46 billion.

What price target have analysts set for MKC?

8 brokerages have issued 1-year price targets for MCCORMICK & Co/SH SH NV's stock. Their forecasts range from $98.00 to $124.00. On average, they anticipate MCCORMICK & Co/SH SH NV's share price to reach $114.00 in the next twelve months. This suggests that the stock has a possible downside of 4.5%. View Analyst Ratings for MCCORMICK & Co/SH SH NV.

What is the consensus analysts' recommendation for MCCORMICK & Co/SH SH NV?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MCCORMICK & Co/SH SH NV in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

What are Wall Street analysts saying about MCCORMICK & Co/SH SH NV stock?

Here are some recent quotes from research analysts about MCCORMICK & Co/SH SH NV stock:
  • 1. According to Zacks Investment Research, "McCormick has outdone the industry in a year, backed by its focus on buyouts, innovations and robust cost-saving efforts. These factors helped the company retain its stellar record in second-quarter fiscal 2018, wherein top and bottom lines rose year over year and topped estimates. While earnings were fueled by solid sales, savings from CCI program and portfolio shift to more value-added products, sales gained from strength at both the segments. Further, sales were aided by buyouts, pricing, and improved volumes and mix. Markedly, the acquired Frank’s and French’s brands drove McCormick’s sales by 13%. However, stiff competition in the food space may hurt profits. Also, the company continues to incur high brand marketing and freight costs, which remain threats to margins. Nonetheless, these are likely to be cushioned by McCormick’s CCI program, which along with the other growth drivers led management to retain its solid view." (7/2/2018)
  • 2. Jefferies Financial Group Inc analysts commented, "2Q operating results were better than expected and quality was good. Despite the beat guidance was maintained, which we view as appropriately conservative given the slower start to the summer grilling season and increased volatility in 3Q. Organic growth was weaker than expected in 2Q but acquired business sales and margins were better than expected (seasonality) and drove the beat." (6/28/2018)

Who are some of MCCORMICK & Co/SH SH NV's key competitors?

Who are MCCORMICK & Co/SH SH NV's key executives?

MCCORMICK & Co/SH SH NV'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)

Has MCCORMICK & Co/SH SH NV been receiving favorable news coverage?

Headlines about MKC stock have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MCCORMICK & Co/SH SH NV earned a news sentiment score of 0.02 on Accern's scale. They also assigned news stories about the company an impact score of 46.63 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Who are MCCORMICK & Co/SH SH NV's major shareholders?

MCCORMICK & Co/SH SH NV's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.15%), JLB & Associates Inc. (0.12%), Gofen & Glossberg LLC IL (0.12%), Bank of Montreal Can (0.09%), Wendell David Associates Inc. (0.09%) and Bath Savings Trust Co (0.07%). Company insiders that own MCCORMICK & Co/SH SH NV 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 SH NV.

Which institutional investors are selling MCCORMICK & Co/SH SH NV stock?

MKC stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Gofen & Glossberg LLC IL, Cim LLC, Cape Cod Five Cents Savings Bank and Gateway Investment Advisers LLC. Company insiders that have sold MCCORMICK & Co/SH SH NV company stock in the last year include Alan D Wilson, Freeman A Hrabowski III, Maritza Gomez Montiel, Michael D Mangan, Michael R Smith and Patricia A Little. View Insider Buying and Selling for MCCORMICK & Co/SH SH NV.

Which institutional investors are buying MCCORMICK & Co/SH SH NV stock?

MKC stock was acquired by a variety of institutional investors in the last quarter, including Meag Munich Ergo Kapitalanlagegesellschaft MBH, Rockland Trust Co., Bright Rock Capital Management LLC, Fenimore Asset Management Inc., Fjarde AP Fonden Fourth Swedish National Pension Fund, JLB & Associates Inc., Retirement Systems of Alabama and Gulf International Bank UK Ltd. View Insider Buying and Selling for MCCORMICK & Co/SH SH NV.

How do I buy shares of MCCORMICK & Co/SH SH NV?

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 SH NV's stock price today?

One share of MKC stock can currently be purchased for approximately $119.42.

How big of a company is MCCORMICK & Co/SH SH NV?

MCCORMICK & Co/SH SH NV has a market capitalization of $15.64 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 SH NV employs 14,600 workers across the globe.

How can I contact MCCORMICK & Co/SH SH NV?

MCCORMICK & Co/SH SH NV's mailing address is 18 LOVETON CIRCLE, SPARKS MD, 21152. The company can be reached via phone at 410-771-7301 or via email at [email protected]


MarketBeat Community Rating for MCCORMICK & Co/SH SH NV (NYSE MKC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  294 (Vote Outperform)
Underperform Votes:  407 (Vote Underperform)
Total Votes:  701
MarketBeat's community ratings are surveys of what our community members think about MCCORMICK & Co/SH SH NV 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 7/17/2018 by MarketBeat.com Staff

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