McCormick & Company, Incorporated (MKC)
- Previous Close
78.77 - Open
78.98 - Bid 77.78 x 800
- Ask 77.89 x 800
- Day's Range
77.68 - 79.00 - 52 Week Range
62.72 - 85.49 - Volume
1,129,174 - Avg. Volume
1,761,909 - Market Cap (intraday)
21.294B - Beta (5Y Monthly) 0.76
- PE Ratio (TTM)
26.48 - EPS (TTM)
2.94 - Earnings Date Jan 23, 2025 - Jan 27, 2025
- Forward Dividend & Yield 1.68 (2.16%)
- Ex-Dividend Date Oct 7, 2024
- 1y Target Est
85.30
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
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Performance Overview: MKC
Trailing total returns as of 10/25/2024, which may include dividends or other distributions. Benchmark is
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Statistics: MKC
View MoreValuation Measures
Market Cap
20.89B
Enterprise Value
25.28B
Trailing P/E
26.48
Forward P/E
24.15
PEG Ratio (5yr expected)
2.57
Price/Sales (ttm)
3.14
Price/Book (mrq)
3.85
Enterprise Value/Revenue
3.79
Enterprise Value/EBITDA
19.33
Financial Highlights
Profitability and Income Statement
Profit Margin
11.87%
Return on Assets (ttm)
5.16%
Return on Equity (ttm)
15.07%
Revenue (ttm)
6.68B
Net Income Avi to Common (ttm)
792.6M
Diluted EPS (ttm)
2.94
Balance Sheet and Cash Flow
Total Cash (mrq)
200.8M
Total Debt/Equity (mrq)
84.83%
Levered Free Cash Flow (ttm)
588.34M
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View MoreMcCormick: Unmatched Scale and Channel Reach Underpin Competitive Prowess; Shares Far From a Bargain
In its 135-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond 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 extensive, 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.
RatingPrice TargetMcCormick Spices Up Its Spending on Innovation and Marketing to Buoy Its Competitive Position
In its 135-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond 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 extensive, 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.
RatingPrice TargetStrong quarter and raised guidance
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. The company has a market cap of $22.3 billion.
RatingPrice TargetStocks are flat at midday. Geopolitical tensions are creating
Stocks are flat at midday. Geopolitical tensions are creating uneasiness in the markets. Trouble in the Middle East is escalating. Oil prices are up another 2%. The U.S. east coast port strike also continues which could hurt trade and raise prices of certain goods.