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McCormick & Company Inc Stock Research

MKC

74.06USD+1.19(+1.63%)Market Closed

Market Summary

USD74.06+1.19
Market Closed
1.63%

MKC Alerts

MKC Stock Price

MKC RSI Chart

MKC Valuation

Market Cap

19.7B

Price/Earnings (Trailing)

28.82

Price/Sales (Trailing)

3.09

EV/EBITDA

16.62

Price/Free Cashflow

50.46

MKC Price/Sales (Trailing)

MKC Profitability

EBT Margin

12.80%

Return on Equity

14.57%

Return on Assets

5.2%

Free Cashflow Yield

1.98%

MKC Fundamentals

MKC Revenue

Revenue (TTM)

6.4B

Revenue Y/Y

-2%

Revenue Q/Q

6.27%

MKC Earnings

Earnings (TTM)

682.0M

Earnings Y/Y

-5.93%

Earnings Q/Q

-16.69%

Price Action

52 Week Range

70.60104.18
(Low)(High)

Last 7 days

1.1%

Last 30 days

-1.2%

Last 90 days

-12.3%

Trailing 12 Months

-23.4%

MKC Financial Health

Current Ratio

0.7

MKC Investor Care

Dividend Yield

2.03%

Dividend/Share (TTM)

1.5

Shares Dilution (1Y)

0.34%

Diluted EPS (TTM)

2.52

Peers (Alternatives to McCormick & Company)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
AAPL
2.5T
387.5B
 7.89% -9.00%
26.35
6.47
 2.44% -5.35%
MSFT
2.1T
204.1B
 10.90% -8.33%
30.51
10.08
 10.38% -5.25%
GOOG
1.3T
282.8B
 15.34% -27.18%
22.08
4.68
 9.78% -21.12%
AMZN
1.0T
514.0B
 4.86% -40.50%
-368.89
1.95
 9.40% -108.16%
MID-CAP
NYMT
3.4B
258.4M
 -7.02% -24.34%
-11.46
13.24
 24.91% -254.56%
JBLU
2.2B
9.2B
 -16.32% -53.16%
-6.16
0.24
 51.67% -98.90%
SMALL-CAP
PLAY
1.7B
1.7B
 -10.56% -16.75%
14.09
1
 61.79% 371.82%
TLRY
1.6B
602.5M
 -7.75% -62.41%
-2.78
2.67
 18.18% -18.59%
BYND
1.0B
418.9M
 -15.70% -67.27%
-2.77
2.42
 -9.85% -101.06%
MFA
986.5M
482.4M
 -10.53% -34.93%
-4.26
2.04
 33.15% -170.42%
CGC
913.9M
478.9M
 -19.31% -78.37%
-0.29
1.91
 -31.50% -634.70%
NKLA
774.5M
50.8M
 -31.98% -85.06%
-0.99
15.24
 1229.98% -13.59%
GPRO
754.2M
1.1B
 -5.84% -42.17%
26.14
0.69
 -5.82% -92.23%
INO
227.8M
10.3M
 -28.62% -74.83%
-0.81
22.2
 478.23% 7.85%

Financials for McCormick & Company

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.5%6,3516,3856,3396,3596,318
Gross Profit-3.3%2,2752,3532,3862,4782,495
  S&GA Expenses-3.7%1,3571,4101,4091,4161,404
EBITDA-0.3%1,1631,1661,1191,1921,219
EBITDA Margin0.2%0.18*0.18*0.18*0.19*0.19*
Earnings Before Taxes-2.4%813833793869896
EBT Margin-1.9%0.13*0.13*0.13*0.14*0.14*
Interest Expenses8.0%149138134136137
Net Income-1.7%682694683748755
Net Income Margin-1.2%0.11*0.11*0.11*0.12*0.12*
Free Cahsflow-13.6%390451487605550
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.4%13,12512,94112,95812,94112,906
  Current Assets-1.1%2,3872,4132,3252,2392,196
    Cash Equivalents-2.9%334344326338352
  Inventory13.3%1,3401,182---
  Net PPE5.2%1,1981,1391,1361,1361,140
  Goodwill0.1%5,2135,2105,3005,3335,336
Liabilities1.1%8,4268,3348,3438,3278,480
  Current Liabilities9.3%3,4323,1403,1333,0773,224
.    Short Term Borrowings-13.9%1,2371,436667637539
  Long Term Debt-0.9%4,6914,7354,744--
    LT Debt, Current1213.6%27121.00771771770
    LT Debt, Non Current-6.7%3,6423,9053,9203,9653,973
Shareholder's Equity2.0%4,6814,5894,6154,6144,411
  Retained Earnings-0.8%3,0233,0482,9342,9222,782
Accumulated Depreciation6.9%1,1351,062---
Shares Outstanding0%268268268--
Minority Interest7.5%19.0017.0017.0017.0015.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-7.7%652706754878828
  Share Based Compensation-2.0%60.0062.0061.0064.0067.00
Cashflow From Investing-9.7%-146-133-244-197-908
Cashflow From Financing2.3%-487-498-437-58622.00
  Dividend Payments2.1%397388380372363
  Buy Backs-1.8%39.0040.0029.0026.009.00

Risks for MKC

What is the probability of a big loss on MKC?

33.9%

Probability that McCormick & Company stock will be more than 20% underwater in next one year

10.4%

Probability that McCormick & Company stock will be more than 30% underwater in next one year.

0%

Probability that McCormick & Company stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MKC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if McCormick & Company was unfortunately bought at previous high price.

Drawdowns

Returns for MKC

Cumulative Returns on MKC

9.1%

10-Year Cumulative Returns

7.9%

7-Year Cumulative Returns

8.6%

5-Year Cumulative Returns

5.4%

3-Year Cumulative Returns

What are the long-term rolling returns for MKC?

FIve years rolling returns for McCormick & Company.

Annualized Returns

Which funds bought or sold MKC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
ETF MANAGERS GROUP, LLC
added
4.14
103,487
594,487
 0.03%
2023-03-23
MetLife Investment Management, LLC
reduced
-1.57
686,267
5,424,650
 0.04%
2023-03-23
Prostatis Group LLC
added
9.33
39,008
275,556
 0.16%
2023-03-17
American Portfolios Advisors
added
0.24
-94,111
569,547
 0.02%
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-2.71
44,311
373,311
 0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
35.04
6,186,260
17,027,300
 0.02%
2023-03-10
MATHER GROUP, LLC.
sold off
-100
-578,000
-
 -%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
new
-
209,380
209,380
 0.01%
2023-03-06
Rockefeller Capital Management L.P.
added
1.37
1,255,000
8,265,000
 0.04%
2023-03-03
TIAA, FSB
reduced
-12.21
19,791
942,791
 -%

1–10 of 49

Latest Funds Activity

Are funds buying MKC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MKC
No. of Funds

MKC Alerts

McCormick & Company News

Defense World

McCormick & Company, Incorporated (NYSE:MKC) Stock Holdings ....

Defense World,
21 hours ago

Best Stocks

Caxton Associates LP sells McCormick & Company, Incorporated ....

Best Stocks,
23 days ago

Warrior Trading News

McCormick & Company, Inc. | $MKC Stock | Shares Pop On Superb Q2 Revenue and Earnings.

Warrior Trading News,
4 years ago

TheStreet

McCormick & Company Incorporated (MKC) Stock Price, News ....

TheStreet,
5 years ago

Seeking Alpha

McCormick & Company, Incorporated (MKC) Stock Price Today ....

Seeking Alpha,
7 years ago

MarketBeat

MKC Stock Forecast, Price & News (McCormick & Company ....

MarketBeat,
7 years ago

Schedule 13G FIlings of McCormick & Company

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
fundsmith llp
7.81%
19,568,672
SC 13G
Feb 10, 2023
kurzius lawrence erik
9.4%
1,766,182
SC 13D/A
Feb 09, 2023
vanguard group inc
12.04%
30,176,662
SC 13G/A
Feb 08, 2023
state street corp
5.76%
14,433,529
SC 13G/A
Jan 31, 2023
state farm mutual automobile insurance co
3.70%
9,268,961
SC 13G/A
Feb 16, 2022
kurzius lawrence erik
7.5%
-
SC 13D/A
Feb 11, 2022
fundsmith llp
7.58%
18,910,918
SC 13G
Feb 11, 2022
state street corp
5.52%
13,768,715
SC 13G/A
Feb 10, 2022
vanguard group inc
11.43%
28,492,777
SC 13G/A
Feb 02, 2022
state farm mutual automobile insurance co
3.72%
9,270,080
SC 13G/A

MKC Fair Value

McCormick & Company fair value in different scenarios

The table shows the Fair Value estimates for McCormick & Company for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

42.86

-42.13%

56.36

-23.90%

70.64

-4.62%

90.74

22.52%

117.33

58.43%
Current Inflation

39.14

-47.15%

50.41

-31.93%

61.82

-16.53%

78.64

6.18%

100.61

35.85%
Very High Inflation

34.62

-53.25%

43.37

-41.44%

51.68

-30.22%

64.86

-12.42%

81.75

10.38%

Historical McCormick & Company Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of McCormick & Company

View All Filings
Date Filed Form Type Document
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading

Latest Insider Trading transactions for MKC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
Piper Sarah
acquired
-
-
618
chief human relations officer
2023-03-15
Piper Sarah
sold (taxes)
-14,858
71.78
-207
chief human relations officer
2023-03-15
HRABOWSKI FREEMAN A III
acquired
-
-
1,044
-
2023-03-15
MANGAN MICHAEL D
acquired
-
-
1,044
-
2023-03-15
Repas Gregory
acquired
-
-
456
v.p. & controller
2023-03-15
VERNON W ANTHONY
acquired
-
-
1,044
-
2023-03-15
Repas Gregory
sold (taxes)
-10,121
71.78
-141
v.p. & controller
2023-03-15
Schwartz Jeffery D
acquired
-
-
1,248
vice president, gen counsel
2023-03-15
Conway Michael Aaron
acquired
-
-
1,044
-
2023-03-15
Kurzius Lawrence Erik
sold (taxes)
-262,930
71.78
-3,663
chairman, president & ceo

1–10 of 50

About McCormick & Company

Lawrence E. Kurzius
www.mccormickcorporation.com
14000
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.

MKC Income Statement

2022-11-30
Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2020
Income Statement [Abstract]   
Revenues$ 6,350.5$ 6,317.9$ 5,601.3
Cost of Goods and Services Sold4,076.03,823.33,300.9
Gross profit2,274.52,494.62,300.4
Selling, general and administrative expense1,357.11,404.11,281.6
Transaction and integration expenses2.229.012.4
Special charges51.646.46.9
Operating income863.61,015.1999.5
Interest expense149.1136.6135.6
Other income, net98.317.317.6
Income from consolidated operations before income taxes812.8895.8881.5
Income tax expense168.6192.7174.9
Net income from consolidated operations644.2703.1706.6
Income from unconsolidated operations37.852.240.8
Net income$ 682.0$ 755.3$ 747.4
Earnings per share–basic (usd per share)$ 2.54$ 2.83$ 2.80
Earnings per share–diluted (usd per share)$ 2.52$ 2.80$ 2.78

MKC Balance Sheet

2022-11-30
Consolidated Balance Sheet - USD ($)
$ in Millions
Nov. 30, 2022
Nov. 30, 2021
Assets  
Cash and cash equivalents$ 334.0$ 351.7
Trade accounts receivable, net of allowances573.7549.5
Inventories1,340.11,182.3
Prepaid expenses and other current assets138.9112.3
Total current assets2,386.72,195.8
Property, plant and equipment, net1,198.01,140.3
Goodwill5,212.95,335.8
Intangible assets, net3,387.93,452.5
Other long-term assets939.4781.4
Total assets13,124.912,905.8
Liabilities  
Short-term borrowings1,236.7539.1
Current portion of long-term debt270.6770.3
Trade accounts payable1,171.01,064.2
Other accrued liabilities754.1850.2
Total current liabilities3,432.43,223.8
Long-term debt3,642.33,973.3
Deferred taxes866.3792.3
Other long-term liabilities484.7490.9
Total liabilities8,425.78,480.3
Shareholders’ equity  
Retained earnings3,022.52,782.4
Accumulated other comprehensive loss(480.6)(426.5)
Stockholders' Equity Attributable to Parent4,680.54,411.0
Non-controlling interests18.714.5
Total shareholders’ equity4,699.24,425.5
Total liabilities and shareholders’ equity13,124.912,905.8
Common Stock [Member]  
Shareholders’ equity  
Common stock568.6530.0
Common Stock Non-Voting [Member]  
Shareholders’ equity  
Common stock$ 1,570.0$ 1,525.1