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McCormick & Company, Inc. (MKC)

Stock Price: $182.49 USD -3.99 (-2.14%)
Updated November 30, 12:22 PM EST - Market open

Stock Price Chart

Key Info

Market Cap 24.33B
Revenue (ttm) 5.53B
Net Income (ttm) 718.20M
Shares Out 124.35M
EPS (ttm) 5.65
PE Ratio 32.30
Forward PE 31.85
Dividend $1.36
Dividend Yield 0.75%

Stock Quote

Trading Day November 30
Last Price $182.49
Previous Close $186.48
Change ($) -3.99
Change (%) -2.14%
Day's Open 185.81
Day's Range 182.41 - 186.65
Day's Volume 238,575
52-Week Range 112.60 - 209.11

More Stats

Market Cap 24.33B
Enterprise Value 28.28B
Earnings Date (est) n/a
Ex-Dividend Date Oct 2, 2020
Shares Outstanding 124.35M
Float n/a
EPS (basic) 5.72
EPS (diluted) 5.65
FCF / Share 6.50
Dividend $1.36
Dividend Yield 0.75%
Earnings Yield 3.10%
FCF Yield 3.56%
Payout Ratio 42.50%
Shares Short 2.64M
Short Ratio 6.17
Short % of Float n/a
Beta 0.46
PE Ratio 32.30
Forward PE 31.85
P/FCF Ratio 28.07
PS Ratio 4.40
PB Ratio 6.33
Revenue 5.53B
Operating Income 1.02B
Net Income 718.20M
Free Cash Flow 866.70M
Net Cash -3.95B
Net Cash / Share -29.61
Gross Margin 38.81%
Operating Margin 18.52%
Profit Margin 13.00%
FCF Margin 15.68%
ROA 6.14%
ROE 20.47%
ROIC 19.30%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (13)

Buy 3
Overweight 0
Hold 6
Underweight 1
Sell 3

Analyst Consensus: Hold

Price Target

$179.27*
(-1.76% downside)
Low
134
Current: $182.49
High
205
Target: 179.27
*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.