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McCormick & Company, Incorporated

MKC US

MKC USMcCormick & Company, Incorporated

United States Composite

75.73

USD

+0.17

(+0.23%)

2.52EPS Dil.

29.86P/E

20.30BMarket Cap

2.06%Div. Yield

Next Earnings

March 26

Ex-Dividend Date

December 28

Dividend Date

January 8

Held by Insiders

0.02%

Held by Institutions

87.63%

Short % of Float

2.12%

YTD Yield

-14.98%

3Y Yield

-16.38%

5Y Yield

-2.26%

Capital Structure

FRC

•

in mil. unless spec.

May'23

Aug'23

Nov'23

ST Debt

746

1,392

1,072

LT Borrowings

4,118

3,385

3,340

LT Finance Leases

- -

180

Preferred Equity and Hybrid Capital

- -

Shares Outstanding

268

Market Capitalization

23,004

22,025

17,381

Working Capital

FRC

•

in mil. unless spec.

May'23

Aug'23

Nov'23

Total Current Assets

2,104

2,128

2,002

Cash, Cash Equivalents & STI

127

155

167

Accounts Receivable, Net

557

625

588

Inventories

1,276

1,226

1,127

Total Current Liabilities

2,487

3,171

3,099

Payables & Accruals

1,741

1,779

2,027

ST Debt

746

1,392

1,072

Deferred Revenue

- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years

5 years

1 year

Sales/Revenue/Turnover

5.00%

4.76%

4.90%

Net Income, GAAP

9.13%

-5.43%

-0.15%

Free Cash Flow

17.58%

22.38%

149.49%

Total Cash Common Dividend

8.85%

8.96%

5.54%

Total Equity

11.33%

9.86%

8.19%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

2021

1,482

1,557

1,549

1,730

6,318

2022

1,522

1,537

1,596

1,696

6,351

2023

1,566

1,659

1,685

1,753

6,662

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

2021

0.61

0.69

0.79

0.74

2.83

2022

0.58

0.44

0.83

0.69

2.54

2023

0.52

0.57

0.63

0.82

2.54

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

2021

0.34

1.36

2022

0.37

1.48

2023

0.39

1.56

Company Description

CEO: Mr. Brendan M. Foley
Full Time Employees: 13,800
Sector: Consumer Defensive
Industry: Packaged Foods
Address: 24 Schilling Road Hunt Valley MD United States 21031
IPO Date: Feb 21, 1973
CIK: 0000063754
Website: www.mccormickcorporation.com
Business: McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other brands 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 and wholesale foodservice suppliers. 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.

Company News

Yahoo
a month ago
Director Patricia Little Sells 20,000 Shares of McCormick & Co Inc (MKC)
CNBC
a month ago
Here are Tuesday's biggest analyst calls: Nvidia, Meta, Boeing, Eli Lilly, Disney, Coca-Cola, Grindr & more
Yahoo
a month ago
Just Three Days Till McCormick & Company, Incorporated (NYSE:MKC) Will Be Trading Ex-Dividend
Yahoo
a month ago
Director Maritza Montiel Sells 7,000 Shares of McCormick & Co Inc (MKC)
FOOL
a month ago
This Magnificent Dividend Stock Is Trading Close to a Once-in-a-Decade Valuation. Is It a Buy?
Yahoo
a month ago
McCormick First Quarter 2024 Earnings: Beats Expectations
Yahoo
a month ago
McCormick Declares $0.42 Quarterly Dividend
Yahoo
a month ago
McCormick & Company, Incorporated (NYSE:MKC) Q1 2024 Earnings Call Transcript
Yahoo
a month ago
Company News for Mar 27, 2024
Zacks
a month ago
Company News for Mar 27, 2024
Zacks
a month ago
Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Consumer Staples Names
Yahoo
a month ago
Decoding McCormick & Co Inc (MKC): A Strategic SWOT Insight
Reuters
a month ago
POINT MARCHÉS Wall Street termine dans le rouge avant l'inflation US
FOOL
a month ago
Why McCormick Stock Is Sizzling Today
CNBC
a month ago
Stocks making the biggest moves midday: Krispy Kreme, Trump Media, McCormick and more
CNBC
a month ago
Jim Cramer shares his thoughts on Mastercard, Visa, Reddit, McCormick, Hershey and UPS
Yahoo
a month ago
Heard on the Street: McCormick Stock Sees a Zesty Rally on Earnings Beat
Yahoo
a month ago
McCormick posts Q1 beat, net income rises 19% year over year
Zacks
a month ago
McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y
Yahoo
a month ago
McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y

Company Description

CEO: Mr. Brendan M. Foley
Full Time Employees: 13,800
Sector: Consumer Defensive
Industry: Packaged Foods
Address: 24 Schilling Road Hunt Valley MD United States 21031
IPO Date: Feb 21, 1973
CIK: 0000063754
Website: www.mccormickcorporation.com
Business: McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other brands 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 and wholesale foodservice suppliers. 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.

Company News

Yahoo
a month ago
Director Patricia Little Sells 20,000 Shares of McCormick & Co Inc (MKC)
CNBC
a month ago
Here are Tuesday's biggest analyst calls: Nvidia, Meta, Boeing, Eli Lilly, Disney, Coca-Cola, Grindr & more
Yahoo
a month ago
Just Three Days Till McCormick & Company, Incorporated (NYSE:MKC) Will Be Trading Ex-Dividend
Yahoo
a month ago
Director Maritza Montiel Sells 7,000 Shares of McCormick & Co Inc (MKC)
FOOL
a month ago
This Magnificent Dividend Stock Is Trading Close to a Once-in-a-Decade Valuation. Is It a Buy?
Yahoo
a month ago
McCormick First Quarter 2024 Earnings: Beats Expectations
Yahoo
a month ago
McCormick Declares $0.42 Quarterly Dividend
Yahoo
a month ago
McCormick & Company, Incorporated (NYSE:MKC) Q1 2024 Earnings Call Transcript
Yahoo
a month ago
Company News for Mar 27, 2024
Zacks
a month ago
Company News for Mar 27, 2024
Zacks
a month ago
Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Consumer Staples Names
Yahoo
a month ago
Decoding McCormick & Co Inc (MKC): A Strategic SWOT Insight
Reuters
a month ago
POINT MARCHÉS Wall Street termine dans le rouge avant l'inflation US
FOOL
a month ago
Why McCormick Stock Is Sizzling Today
CNBC
a month ago
Stocks making the biggest moves midday: Krispy Kreme, Trump Media, McCormick and more
CNBC
a month ago
Jim Cramer shares his thoughts on Mastercard, Visa, Reddit, McCormick, Hershey and UPS
Yahoo
a month ago
Heard on the Street: McCormick Stock Sees a Zesty Rally on Earnings Beat
Yahoo
a month ago
McCormick posts Q1 beat, net income rises 19% year over year
Zacks
a month ago
McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y
Yahoo
a month ago
McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y