| Market cap | $22.88B |
|---|---|
| Enterprise value | $24.14B |
| Revenue | $6.699B |
|---|---|
| EBITDA | $1.296B |
| Income | $643.800M |
| Revenue Q/Q | 2.38% |
| Revenue Y/Y | 4.78% |
| P/E | 26.00 |
|---|---|
| Forward P/E | 25.69 |
| EV/Sales | 3.60 |
| EV/EBITDA | 18.63 |
| EV/EBIT | 23.18 |
| PEG | 6.06 |
| Price/Sales | 3.41 |
| P/FCF | 22.70 |
| Price/Book | 4.52 |
| Book/Share | 15.18 |
| Cash/Share | 0.50 |
| FCF yield | 4.41% |
| Volume | 1.973M / 1.793M |
|---|---|
| Relative vol. | 1.10 × |
| EPS | 2.64 |
|---|---|
| EPS Q/Q | -13.75% |
| Est. EPS Q/Q | 2.38% |
| Profit margin | 9.37% |
|---|---|
| Oper. margin | 14.89% |
| Gross margin | 37.56% |
| EBIT margin | 15.54% |
| EBITDA margin | 19.35% |
| Ret. on assets | 4.99% |
|---|---|
| Ret. on equity | 12.70% |
| ROIC | 7.76% |
| ROCE | 10.50% |
| Debt/Equity | 1.54 |
|---|---|
| Net debt/EBITDA | 13.80 |
| Current ratio | 0.68 |
| Quick ratio | 0.30 |
| Volatility | 2.07% |
|---|---|
| Beta | 0.37 |
| RSI | 40.05 |
|---|
| Insider ownership | 0.46% |
|---|---|
| Inst. ownership | 87.30% |
| Shares outst. | 251.745M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 0.00% |
| Short ratio | 4.58 |
| Dividend | $1.62 |
|---|---|
| Dividend yield | 2.33% |
| Payout ratio | 61.36% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 27 Jun 2024 |
Tuesday, 16 April 2024
|
|
| 10 Best Beverage Dividend Stocks To Buy Now | |
Friday, 29 March 2024
|
|
| Director Maritza Montiel Sells 7,000 Shares of McCormick & Co Inc | |
Wednesday, 27 March 2024
|
|
| Decoding McCormick & Co Inc : A Strategic SWOT Insight | |
Tuesday, 26 March 2024
|
|
| McCormick Stock Pops as Sales Rise on Higher Prices | |
Thursday, 14 March 2024
|
|
| Omsom is taking Asian food mainstream as demand grows for ethnic packaged food | |
Tuesday, 20 February 2024
|
|
| 16 Companies With The Highest Sustainable Revenue in the US | |
Thursday, 25 January 2024
|
|
| Hot sauce maker McCormick forecasts weak 2024 on falling sales volumes | |
Monday, 22 January 2024
|
|
| McCormick Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates | |
Tuesday, 28 November 2023
|
|
| 13 Best Food Dividend Stocks To Buy Now | |
Wednesday, 8 November 2023
|
|
| Why Did McCormick Stock Fall 16% in October? | |
Monday, 23 October 2023
|
|
| 3 Top Dividend Stocks to Buy With Decades of Passive Income Potential | |
Saturday, 14 October 2023
|
|
| 1 Magnificent S&P 500 Dividend Stock Down 33% to Buy Hand Over Fist | |
Thursday, 5 October 2023
|
|
| 10 Best October Dividend Stocks To Buy | |
| McCormick & Company, Incorporated Q3 2023 Earnings Call Transcript | |
Tuesday, 3 October 2023
|
|
| S&P 500 Gains and Losses Today: Markets Sink as Report Shows Rising Job Openings | |
| McCormick Might Leave a Bad Taste in Investors' Mouths | |
| Unveiling the Investment Potential of McCormick & Co Inc : A Comprehensive Analysis of ... | |
| McCormick Stock Falls as Sales Hit by China’s Slow Economic Recovery | |
Tuesday, 19 September 2023
|
|
| 2 Undervalued Dividend Aristocrats for Growth and Income | |
Wednesday, 6 September 2023
|
|
| Top 25 Spice Producing Countries in the World | |
Wednesday, 12 July 2023
|
|
| 3 Value Stocks You Can Buy Right Now With Less Than $100 | |
Monday, 3 July 2023
|
|
| 10 Best July Dividend Stocks To Buy | |
Thursday, 29 June 2023
|
|
| McCormick Raises Forecast for Earnings as Prices Increase | |
Wednesday, 28 June 2023
|
|
| McCormick appoints new leader as longtime CEO prepares to step down | |
Friday, 9 June 2023
|
|
| Are McCormick & Company, Incorporated Investors Paying Above The Intrinsic Value? | |
| 2 Growth Stocks You Can Buy Right Now With Less Than $100 | |
Monday, 5 June 2023
|
|
| 25 S&P 500 Dividend Aristocrats To Avoid | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Katherine Jenkins Chief Growth Officer | Sale 14 May 2024 | $207,386 |
| Lawrence Erik Kurzius Director | Option 22 Apr 2024 | $3,052,000 |
| Katherine Jenkins Chief Growth Officer | Sale 22 Apr 2024 | $128,328 |
| Patricia A Little Director | Option 1 Apr 2024 | $881,000 |
| Maritza Gomez Montiel Director | Option 27 Mar 2024 | $349,720 |
| W Anthony Vernon Director | Option 15 Mar 2024 | $85,553 |
| Jacques Tapiero Director | Option 15 Mar 2024 | $85,553 |
| Michael D Mangan Director | Option 15 Mar 2024 | $85,553 |
| Michael Aaron Conway Director | Option 15 Mar 2024 | $85,553 |
| Gary M Rodkin Director | Option 15 Mar 2024 | $85,553 |
| Freeman A Iii Hrabowski Director | Option 15 Mar 2024 | $85,553 |
Powered by
Robintrack.
Price target
Current $67.92
Average $176.10
Low $134
High $205
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +6.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 2.33% | Growth period | 2 years |
| Last dividend date | Yield 3 years | 2.16% | Growth 3 years | -14.46% | |
| Last dividend | Yield 5 years | 2.11% | Growth 5 years | -5.68% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Lawrence Kurzius (62) Chairman of the Board, President, and Chief Executive Officer since 2017 | 62 | 2017 | $12,769,200 |
| Lawrence E. Kurzius (63) Chairman, Pres, and CEO | 63 | $7,893,508 | |
| Michael Smith (55) Executive Vice President and Chief Financial Officer since 2016 | 55 | 2016 | $4,635,710 |
| Brendan Foley (54) President - Global Consumer, Americas, and Asia since 2020 | 54 | 2020 | $3,901,050 |
| Malcolm Swift (59) President - Global Flavor Solutions, EMEA, and Chief Administrative Officer since 2020 | 59 | 2020 | $3,227,700 |
| Brendan F. Foley (55) Pres of Global Consumer, Americas, and Asia | 55 | $3,044,899 | |
| Michael R. Smith (56) Exec. VP and CFO | 56 | $2,639,611 | |
| Jeffery Schwartz (50) Vice President, General Counsel, and Secretary since 2014 | 50 | 2014 | $2,325,430 |
| Malcolm S. Swift (61) Chief Admin. Officer and Pres of Global Flavor Solutions for EMEA | 61 | $2,259,692 | |
| Jeffery D. Schwartz (51) VP, Gen. Counsel, and Corp. Sec. | 51 | $1,785,039 | |
| Michael Mangan (63) Lead Independent Director since 2009 | 63 | 2009 | $275,070 |
| Patricia Little (59) Independent Director since 2010 | 59 | 2010 | $270,070 |
| W. Anthony Vernon (63) Independent Director since 2017 | 63 | 2017 | $265,070 |
| Freeman Hrabowski (69) Independent Director since 1997 | 69 | 1997 | $265,070 |
| Jacques Tapiero (61) Independent Director since 2012 | 61 | 2012 | $250,070 |
| Gary Rodkin (67) Independent Director since 2017 | 67 | 2017 | $250,070 |
| Margaret Preston (62) Independent Director since 2003 | 62 | 2003 | $250,070 |
| Maritza Montiel (68) Independent Director since 2015 | 68 | 2015 | $250,070 |
| Michael Conway (53) Independent Director since 2015 | 53 | 2015 | $250,070 |
| Anne Bramman (52) Independent Director since 2020 | 52 | 2020 | |
| Randy L. Carper | |||
| Robert P. Conrad | |||
| Lisa B. Manzone (56) Sr. VP of Human Relations | 56 | ||
| Lori Amos Robinson | |||
| Kasey A. Jenkins | |||
| Gregory P. Repas |
mccormick & company, incorporated (nyse: mkc) is a global leader in flavor and one of the most respected and familiar names in the industry. in business for more than 125 years, mccormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry—retail outlets, food manufacturers and food service businesses. the mccormick name represents a trusted source of flavor in millions of kitchens around the globe—in homes and in restaurants. partnerships with farmers and suppliers around the world allow us to provide great-tasting, quality spices with year-over-year consistency that you can trust. no exceptions. our herbs and spices come from 40 different countries, while our brands reach consumers in more than 135 countries and territories. our passion for quality is matched only by our commitment to an innovative and energetic company culture. at mccormick, we believe in respect, recognition, inclusion and collaborat
- Consumer Staples > Packaged Foods & Meats
- McCormick & Co., Inc., 24 Schilling Road, Hunt Valley 21031, United States
- 410 771 7301
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +6.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 2.33% | Growth period | 2 years |
| Last dividend date | Yield 3 years | 2.16% | Growth 3 years | -14.46% | |
| Last dividend | Yield 5 years | 2.11% | Growth 5 years | -5.68% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $178 | $166.6 | |||
| Short term investments | |||||
| Net receivables | $567.5 | $587.5 | |||
| Inventory | $1,129.6 | $1,126.5 | |||
| Total current assets | $2,020.2 | $2,001.6 | |||
| Long term investments | |||||
| Property, plant & equipment | $1,354.5 | $1,324.7 | |||
| Goodwill & intangible assets | $8,600.4 | $8,616.8 | |||
| Total noncurrent assets | $10,869.9 | $10,860.7 | |||
| Total investments | |||||
| Total assets | $12,890.1 | $12,862.3 | |||
| Current liabilities | |||||
| Accounts payable | $1,133.3 | $1,119.3 | |||
| Deferred revenue | |||||
| Short long term debt | $1,127.9 | $1,071.5 | |||
| Total current liabilities | $2,973.8 | $3,098.9 | |||
| Long term debt | $3,329.1 | $3,339.9 | |||
| Total noncurrent liabilities | $4,658.9 | $4,679.9 | |||
| Total debt | $4,457 | $4,411.4 | |||
| Total liabilities | $7,632.7 | $7,778.8 | |||
| Stockholders' equity | |||||
| Retained earnings | $3,412.8 | $3,249.7 | |||
| Other stockholder equity | -$393.7 | -$388.6 | |||
| Total stockholder equity | $5,232.5 | $5,060.7 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $166.6 | $334 | ||
| Short term investments | ||||
| Net receivables | $587.5 | $573.7 | ||
| Inventory | $1,126.5 | $1,340.1 | ||
| Total current assets | $2,001.6 | $2,386.7 | ||
| Long term investments | ||||
| Property, plant & equipment | $1,324.7 | $1,198 | ||
| Goodwill & intangible assets | $8,616.8 | $8,600.8 | ||
| Total noncurrent assets | $10,860.7 | $10,738.2 | ||
| Total investments | ||||
| Total assets | $12,862.3 | $13,124.9 | ||
| Current liabilities | ||||
| Accounts payable | $1,119.3 | $1,171 | ||
| Deferred revenue | ||||
| Short long term debt | $1,071.5 | $1,507.3 | ||
| Total current liabilities | $3,098.9 | $3,432.4 | ||
| Long term debt | $3,339.9 | $3,642.3 | ||
| Total noncurrent liabilities | $4,679.9 | $4,993.3 | ||
| Total debt | $4,411.4 | $5,149.6 | ||
| Total liabilities | $7,778.8 | $8,425.7 | ||
| Stockholders' equity | ||||
| Retained earnings | $3,249.7 | $3,022.5 | ||
| Other stockholder equity | -$388.6 | -$480.6 | ||
| Total stockholder equity | $5,060.7 | $4,680.5 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $1,602.7 | $1,752.8 | |||
| Cost of revenue | $1,003.4 | $1,051.5 | |||
| Gross profit | $599.3 | $701.3 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $361.6 | $390 | |||
| Total operating expenses | $365.8 | $404.1 | |||
| Operating income | $233.5 | $297.2 | |||
| Income from continuing operations | |||||
| EBIT | $244.6 | $310.4 | |||
| Income tax expense | $49.6 | $57.1 | |||
| Interest expense | $50.3 | $52.7 | |||
| Net income | |||||
| Net income | $144.7 | $200.6 | |||
| Income (for common shares) | $144.7 | $200.6 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $6,662.2 | $6,350.5 | ||
| Cost of revenue | $4,159.7 | $4,076 | ||
| Gross profit | $2,502.5 | $2,274.5 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $1,478.3 | $1,357.1 | ||
| Total operating expenses | $1,539.5 | $1,410.9 | ||
| Operating income | $963 | $863.6 | ||
| Income from continuing operations | ||||
| EBIT | $1,006.9 | $961.9 | ||
| Income tax expense | $174.5 | $168.6 | ||
| Interest expense | $208.2 | $149.1 | ||
| Net income | ||||
| Net income | $624.2 | $644.2 | ||
| Income (for common shares) | $624.2 | $644.2 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $144.7 | $200.6 | |||
| Operating activities | |||||
| Depreciation | $45.8 | $48.9 | |||
| Business acquisitions & disposals | $1 | ||||
| Stock-based compensation | $11.7 | $12.3 | |||
| Total cash flows from operations | $138.4 | $577.2 | |||
| Investing activities | |||||
| Capital expenditures | -$62 | -$76.7 | |||
| Investments | |||||
| Total cash flows from investing | -$61.8 | -$75.7 | |||
| Financing activities | |||||
| Dividends paid | -$112.7 | -$104.7 | |||
| Sale and purchase of stock | $4.1 | -$8.3 | |||
| Net borrowings | $43.2 | -$370 | |||
| Total cash flows from financing | -$67.7 | -$483 | |||
| Effect of exchange rate | $2.5 | -$6.6 | |||
| Change in cash and equivalents | $11.4 | $11.9 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $624.2 | $644.2 | ||
| Operating activities | ||||
| Depreciation | $199.3 | $200.6 | ||
| Business acquisitions & disposals | $1 | $95.2 | ||
| Stock-based compensation | $63.4 | $60.3 | ||
| Total cash flows from operations | $1,237.3 | $651.5 | ||
| Investing activities | ||||
| Capital expenditures | -$263.9 | -$262 | ||
| Investments | ||||
| Total cash flows from investing | -$260.5 | -$146.4 | ||
| Financing activities | ||||
| Dividends paid | -$418.5 | -$396.7 | ||
| Sale and purchase of stock | -$19.1 | $2.6 | ||
| Net borrowings | -$737.4 | -$73.7 | ||
| Total cash flows from financing | -$1,184.2 | -$487.2 | ||
| Effect of exchange rate | $40 | -$35.6 | ||
| Change in cash and equivalents | -$167.4 | -$17.7 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q1 | Voya Investment Management |
+3,490.86%
|
3,169,756 | $243,164,040 |
| 2024 Q1 | T. Rowe Price Investment Management |
Opened
|
2,025,181 | $155,555 |
| 2024 Q1 | Massachusetts Financial Services Co MA/ |
-25.56%
|
3,989,250 | $306,414,292 |
| 2024 Q1 | Select Equity L.P. |
Opened
|
1,337,045 | $102,698,426 |
| 2024 Q1 | Fil Ltd |
Opened
|
1,039,547 | $79,847,605 |
| 2024 Q1 | Boston Trust Walden Corp |
+432.08%
|
626,086 | $48,089,665 |
| 2024 Q1 | Fmr |
-34.75%
|
726,541 | $55,805,641 |
| 2024 Q1 | Ubs Ag |
+65.93%
|
890,742 | $68,417,893 |
| 2024 Q1 | Envestnet Asset Management Inc |
+315.74%
|
444,118 | $34,112,671 |
| 2024 Q1 | Pictet Asset Management S.A. |
-20.10%
|
1,334,918 | $102,535,052 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Vanguard Group Inc | 11.97% | 30,130,542 | |
| Blackrock | 7.57% | 19,066,902 | |
| State Street Corp | 6.08% | 15,306,063 | |
| Franklin Resources Inc | 1.94% | 4,885,484 | |
| Massachusetts Financial Services Co MA/ | 1.58% | 3,989,250 | |
| Champlain Investment Partners | 1.28% | 3,211,122 | |
| Voya Investment Management | 1.26% | 3,169,756 | |
| Morgan Stanley | 1.20% | 3,031,259 | |
| Invesco | 0.97% | 2,447,974 | |
| Norges Bank | 0.93% | 2,353,098 |
Sign up