- Packaged Foods
- Consumer Defensive
-
2.75
EPS
-
28.19
P/E
-
20.9B
MARKET CAP
-
2.13%
DIV YIELD
Company Overview
24 SCHILLING ROAD,HUNT VALLEY MD 21031,4107717301
CEO
Mr. Brendan M. Foley
Employess
13800
Sector
Consumer Defensive
Industry
Packaged Foods
Website
https://www.mccormickcorporation.com
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, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden 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.
Next Earnings Date
Jan. 23, 2025
Ex Dividends date
Jul. 22, 2024
Dividend Date
July 8, 2024
YTD Performance
11.63%
Fiscal Year End
11-30
IPO Date
1999-04-26
Growth Rates
(avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
---|---|---|---|---|
Sales/Revenue | 4.91% | 4.67% | 5.95% | 4.91% |
EPS | 5.62% | -6.48% | -3.20% | 0.00% |
Equity | 10.11% | 9.80% | 8.83% | 8.12% |
Cash | 10.21% | 11.52% | -26.73% | -50.12% |
Return On Capital (ROIC) | 10.55% | 8.36% | 7.59% | 7.80% |
Debt
year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Short Term Debt | 1,070 | 1,510 | 1,310 | 1,150 | 698 |
Long Term Debt | 3,520 | 3,820 | 4,080 | 3,750 | 3,630 |
LT Finance Leases | 180 | 176 | 106 | 104 | 131 |
Shares Outstanding | 268 | 268 | 267 | 266 | 265 |
Market Cap | 17,400 | 22,800 | 22,900 | 24,900 | 22,400 |
Price
News
10 High-Yield Dividend Aristocrats That Could Be Perfect For What's Coming Next
1 monthMarket volatility recently hit the 3rd highest levels ever recorded, and extreme fear grips Wall Street. The yen carry trade unwind is likely not over yet; US recession risks remain elevated, and the market decline might still have another 8%. Dividend aristocrats are down just 0.9% in this downturn, and many aristocrats are up modestly.
seekingalpha.comKWG Securities Acquired by Vince McCormick
1 monthToronto, Ontario--(Newsfile Corp. - August 8, 2024) - Vince McCormick (the "Acquiror") is pleased to announce the acquisition on August 2, 2024 of ownership of an aggregate of (i) an aggregate of $705,000 of convertible debentures (the "Debentures") of KWG Resources Inc. (the "Issuer"), (ii) 147,707 Multiple Voting Shares of the Issuer (each, a "Multiple Voting Share"); (ii) 147,707 Warrants of the Issuer (each, a "Warrant") pursuant to a private placement (the "Private Placement") completed by KWG Resources Inc. (see the Issuer's news release dated August 2, 2024 for the terms of the Private Placement). The Debentures are convertible into an aggregate of 587,500 Units comprised of 587,500 Multiple Voting Shares and 587,500 Warrants or an aggregate of 1,175,000 Multiple Voting Shares calculated on the basis of the conversion of the principal of the Acquiror's Debentures into Multiple Voting Shares and Warrants and the exercise of all such Warrants.
newsfilecorp.comMy Best Dividend Aristocrats For August 2024
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seekingalpha.comMcCormick: Cook Up Solid Returns With This Undervalued Dividend Aristocrat
2 monthsMcCormick & Company is a leader in the spices and condiments market, showing potential for future growth. Revenue has been steadily increasing, with the flavor solutions segment growing faster but the consumer segment having better margins. Dividend aristocrat McCormick offers a safe and growing dividend with the potential for future dividend increases.
seekingalpha.comMcCormick (MKC) Benefits From Brand Strength & Cost Savings
2 monthsWith a global portfolio aligned with consumer trends and innovative product platforms, McCormick's (MKC) focus on growth areas and efficiency bolsters its market presence.
zacks.comMcCormick: Nearly a Century of Dividend Payments With Promising Upside
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gurufocus.comWe shouldn't resort to dehumanizing rhetoric, says GOP Senate candidate Dave McCormick
2 monthsDave McCormick, Republican Pennsylvania senate candidate, joins 'Squawk Box' to discuss his thoughts on the assassination attempt of former President Trump, state of the 2024 presidential election, and more.
youtube.comMcCormick Stock Q2: EPS Beat on Rising Margins, Falling Sales
3 monthsMcCormick & Company NYSE: MKC is in the consumer staples sector and is the 8th largest US food products company by market capitalization. The firm reported Q2 2024 earnings on Jun. 27, 2024.
marketbeat.comMcCormick: Spice Up Your Diversification As The Company Returns To Growth
3 monthsMcCormick & Company, Inc. shares hit bottom in 2023 and have since seen a slight run-up, still lagging the market. Q2 sales declined 1.2%, driven by pricing power, with consumer sales down 1% overall. Operating income and EPS increased in Q2, with a positive outlook for future earnings growth and potential global expansion.
seekingalpha.comMy Best Dividend Aristocrats For July 2024
3 monthsThe ProShares S&P 500 Dividend Aristocrats ETF continues its positive run in 2024, posting a gain of 1.45% in May. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 35 months of tracking these strategies, two strategies are outperforming NOBL, while 1 remain relatively close.
seekingalpha.comYou've Been Warned! 3 S&P 500 Stocks to Buy Now or Regret Forever.
3 monthsIt's been an interesting year for the stock market. The major indices keep plowing to new all-time highs.
investorplace.comMcCormick CEO Brendan Foley on Q2 earnings beat and rising prices
3 monthsBrendan Foley, McCormick CEO, joins 'Power Lunch' to discuss the company's rise in shares, spice commodities and the state of the consumer.
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