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McCormick & Company, Inc. (MKC)

Stock Price: $201.55 USD -0.49 (-0.24%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed
After-hours: $199.61 -1.94 (-0.96%) Aug 14, 7:00 PM

Stock Price Chart

Key Info

Market Cap 26.85B
Revenue (ttm) 5.43B
Net Income (ttm) 704.00M
Shares Out 123.95M
EPS (ttm) 5.56
PE Ratio 36.25
Forward PE 36.36
Dividend $2.48
Dividend Yield 1.23%

Stock Quote

Trading Day Aug 14, 2020
Last Price $201.55
Previous Close $202.04
Change ($) -0.49
Change (%) -0.24%
Day's Open 202.00
Day's Range 200.84 - 203.51
Day's Volume 418,746
52-Week Range 112.23 - 203.51

More Stats

Market Cap 26.85B
Enterprise Value 30.95B
Earnings Date (est) Oct 1, 2020
Ex-Dividend Date Jul 2, 2020
Shares Outstanding 123.95M
Float 130.91M
EPS (basic) 5.62
EPS (diluted) 5.56
FCF / Share 5.87
Dividend $2.48
Dividend Yield 1.23%
Earnings Yield 2.76%
FCF Yield 2.91%
Payout Ratio n/a
Shares Short 2.46M
Short Ratio 4.78
Short % of Float n/a
Beta 0.39
PE Ratio 36.25
Forward PE 36.36
P/FCF Ratio 34.36
PS Ratio 4.95
PB Ratio 7.37
Revenue 5.43B
Operating Income 1.00B
Net Income 704.00M
Free Cash Flow 781.40M
Net Cash -4.10B
Net Cash / Share -30.79
Gross Margin 39.53%
Operating Margin 18.51%
Profit Margin 13.00%
FCF Margin 14.40%
ROA 6.21%
ROE 21.18%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (12)

Buy 2
Overweight 0
Hold 6
Underweight 1
Sell 3

Analyst Consensus: Hold

Price Target

$170.09*
(-15.61% downside)
Low
121
Current: $201.55
High
205
Target: 170.09
*Average 12-month price target from 11 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue5,3475,3034,7304,4124,2964,2434,1234,0143,6983,337
Revenue Growth0.84%12.1%7.23%2.68%1.25%2.91%2.72%8.56%10.81%-
Gross Profit2,1452,0931,7941,8321,7371,7301,6661,6181,5231,418
Operating Income958891700641548603551578540510
Net Income662899444436365409366386349345
Shares Outstanding133132131126128129132133133133
Earnings Per Share5.247.003.723.693.113.342.913.042.792.75
EPS Growth-25.14%88.17%0.81%18.65%-6.89%14.78%-4.28%8.96%1.45%-
Dividend Per Share2.282.081.881.721.601.481.361.241.121.04
Dividend Growth9.62%10.64%9.3%7.5%8.11%8.82%9.68%10.71%7.69%-
Operating Cash Flow947821815658590504465455340388
Capital Expenditures-174-169-182-152-128-132-97.40-109-96.10-82.80
Free Cash Flow773652633506462372368346244305
Cash & Equivalents15596.6018711811377.3063.0079.0053.9050.80
Total Debt4,3244,6965,0271,4471,3941,2851,2331,1721,252880
Net Cash / Debt-4,169-4,600-4,840-1,329-1,282-1,208-1,170-1,093-1,198-830
Assets10,36210,25610,3864,6364,4734,4144,4504,1654,0883,420
Liabilities6,9057,0747,8152,9982,7862,6052,5022,4652,4691,957
Book Value3,4443,1712,5711,6381,6871,8091,9481,7001,6191,463
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name McCormick & Company, Inc.
Country United States
Employees 12,400
CEO Lawrence Erik Kurzius

Stock Information

Ticker Symbol MKC
Stock Exchange New York Stock Exchange
Sector Consumer Defensive
Industry Packaged Foods
Unique Identifier NYSE: MKC

Description

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, Frank's RedHot, Lawry's, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names 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 or wholesalers. 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.