McCormick & Company, Incorporated (MKC)
- Previous Close
72.70 - Open
73.19 - Bid --
- Ask --
- Day's Range
72.73 - 74.18 - 52 Week Range
59.13 - 94.39 - Volume
1,638,782 - Avg. Volume
2,119,587 - Market Cap (intraday)
19.83B - Beta (5Y Monthly) 0.73
- PE Ratio (TTM)
28.21 - EPS (TTM)
2.62 - Earnings Date Jun 27, 2024 - Jul 1, 2024
- Forward Dividend & Yield 1.68 (2.27%)
- Ex-Dividend Date Apr 5, 2024
- 1y Target Est
76.72
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.
www.mccormickcorporation.com13,800
Full Time Employees
November 30
Fiscal Year Ends
Sector
Industry
Recent News: MKC
Performance Overview: MKC
Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: MKC
Valuation Measures
Market Cap
19.83B
Enterprise Value
24.11B
Trailing P/E
28.21
Forward P/E
25.32
PEG Ratio (5yr expected)
2.56
Price/Sales (ttm)
2.98
Price/Book (mrq)
3.79
Enterprise Value/Revenue
3.60
Enterprise Value/EBITDA
19.46
Financial Highlights
Profitability and Income Statement
Profit Margin
10.56%
Return on Assets (ttm)
5.01%
Return on Equity (ttm)
13.95%
Revenue (ttm)
6.7B
Net Income Avi to Common (ttm)
707.5M
Diluted EPS (ttm)
2.62
Balance Sheet and Cash Flow
Total Cash (mrq)
178M
Total Debt/Equity (mrq)
85.76%
Levered Free Cash Flow (ttm)
843.11M
Research Analysis: MKC
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: MKC
Analyst Report: McCormick & Co., Inc.
McCormick & Company manufactures and markets spices, seasonings, mixes, and condiments for the consumer, industrial, and foodservice markets. In August 2017, the company purchased Reckitt Benckiser's RB Foods division for $4.2 billion, acquiring brands such as French's Mustard, Frank's RedHot hot sauce, and Cattlemen's BBQ Sauce.
RatingBullishPrice TargetMarket Digest: MKC
As stocks keep trending higher, insiders continue to exercise restraint. Based on six months of transaction data, the Insider Index from Vickers Stock Research has fallen deeper into bearish territory, dropping to its most-bearish level since mid-December 2021. Insider sentiment as indicated by Vickers' one- and eight-week barometers has stabilized at moderately bearish, suggesting insiders do not see many 'bargains' in possibly overbought shares. Insider-sentiment data from the Nasdaq remains the largest contributor to overall bearish sentiment, with Vickers' Nasdaq One-Week Sell/Buy Ratio now at 5.08 and the eight-week reading at 6.37, all on a scale where anything above 2.50 is bearish. The NYSE One-Week Sell/Buy Ratio is 3.59, while the eight-week reading is 4.54. Perhaps a reset by way of a sell-off would bring insiders back into the long-term game in meaningful fashion.
Analyst Report: McCormick & Company, Incorporated
In its more than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 170 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula, among others.
RatingBearishPrice TargetAnalyst Report: McCormick & Company, Incorporated
In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula, among others.
RatingBearishPrice Target