• Packaged Foods
  • Consumer Defensive
McCormick & Company, Incorporated logo
McCormick & Company, Incorporated
MKC · US · NYSE
77.63
USD
-0.24
(0.31%)
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
Business Segments (Beta)
Geographical Segments (Beta)
News
10 High-Yield Dividend Aristocrats That Could Be Perfect For What's Coming Next
1 month

Market 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.com
KWG Securities Acquired by Vince McCormick
1 month

Toronto, 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.com
My Best Dividend Aristocrats For August 2024
2 months

The ProShares S&P 500 Dividend Aristocrats ETF slumps to end the first half of 2024, posting a loss of 1.40% in June. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 36 months of tracking these strategies, two strategies are outperforming NOBL, while 1 remains relatively close.

seekingalpha.com
McCormick: Cook Up Solid Returns With This Undervalued Dividend Aristocrat
2 months

McCormick & 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.com
McCormick (MKC) Benefits From Brand Strength & Cost Savings
2 months

With 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.com
McCormick: Nearly a Century of Dividend Payments With Promising Upside
2 months

A lot of investors are searching for Dividend Aristocrats, which are recognized for paying consistently increasing dividends. These companies are well known for their ability to provide shareholders with predictable, rising dividends and potential long-term capital appreciation.

gurufocus.com
We shouldn't resort to dehumanizing rhetoric, says GOP Senate candidate Dave McCormick
2 months

Dave 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.com
McCormick Stock Q2: EPS Beat on Rising Margins, Falling Sales
3 months

McCormick & 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.com
McCormick: Spice Up Your Diversification As The Company Returns To Growth
3 months

McCormick & 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.com
My Best Dividend Aristocrats For July 2024
3 months

The 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.com
You've Been Warned! 3 S&P 500 Stocks to Buy Now or Regret Forever.
3 months

It's been an interesting year for the stock market. The major indices keep plowing to new all-time highs.

investorplace.com
McCormick CEO Brendan Foley on Q2 earnings beat and rising prices
3 months

Brendan Foley, McCormick CEO, joins 'Power Lunch' to discuss the company's rise in shares, spice commodities and the state of the consumer.

youtube.com