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McCormick & Company Inc Stock Research

MKC

77.57USD-0.99(-1.26%)Delayedas of 21 Sep 2023, 03:52 pm
Watchlist

Market Summary

USD77.57-0.99
Delayedas of 21 Sep 2023, 03:52 pm
-1.26%

MKC Alerts

  • 1 major insider sales recently.

MKC Stock Price

MKC RSI Chart

MKC Valuation

Market Cap

21.1B

Price/Earnings (Trailing)

30.13

Price/Sales (Trailing)

3.24

EV/EBITDA

17.06

Price/Free Cashflow

34.44

MKC Price/Sales (Trailing)

MKC Profitability

EBT Margin

12.39%

Return on Equity

13.68%

Return on Assets

5.04%

Free Cashflow Yield

2.9%

MKC Fundamentals

MKC Revenue

Revenue (TTM)

6.5B

Revenue Y/Y

7.96%

Revenue Q/Q

5.99%

MKC Earnings

Earnings (TTM)

699.8M

Earnings Y/Y

28.35%

Earnings Q/Q

9.35%

Price Action

52 Week Range

70.6094.39
(Low)(High)

Last 7 days

-1.6%

Last 30 days

-6.1%

Last 90 days

-16.2%

Trailing 12 Months

2.1%

MKC Financial Health

Current Ratio

0.73

MKC Investor Care

Dividend Yield

1.62%

Dividend/Share (TTM)

1.5

Shares Dilution (1Y)

0.04%

Diluted EPS (TTM)

2.59

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for MKC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-25
HRABOWSKI FREEMAN A III
gifted
-
-
-7,500
-
2023-08-21
MANGAN MICHAEL D
acquired
177,500
35.5
5,000
-
2023-08-21
MANGAN MICHAEL D
sold
-418,142
83.6284
-5,000
-
2023-08-17
HRABOWSKI FREEMAN A III
sold
-
-
-7,500
-
2023-08-17
HRABOWSKI FREEMAN A III
acquired
-
-
7,500
-
2023-07-28
Schwartz Jeffery D
sold
-234,046
90.0177
-2,600
vice president, gen counsel
2023-07-28
Schwartz Jeffery D
acquired
127,465
49.025
2,600
vice president, gen counsel
2023-07-26
Tapiero Jacques
acquired
177,750
35.55
5,000
-
2023-07-26
Tapiero Jacques
sold
-449,422
89.8844
-5,000
-

1–10 of 50

Which funds bought or sold MKC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
added
0.39
7,759
155,706
0.03%
2023-09-07
ST GERMAIN D J CO INC
new
-
535,592
535,592
0.03%
2023-09-05
Delos Wealth Advisors, LLC
unchanged
-
462
10,032
0.01%
2023-09-05
Delos Wealth Advisors, LLC
unchanged
-
10,068
217,973
0.28%
2023-09-01
Portside Wealth Group, LLC
new
-
685,889
685,889
0.13%
2023-08-30
Western Wealth Management, LLC
added
9.11
117,660
935,971
0.08%
2023-08-25
STRATEGY ASSET MANAGERS LLC
added
0.03
12,212
262,475
0.06%
2023-08-24
INVICTUS PRIVATE WEALTH, LLC
reduced
-4.31
632
201,501
0.02%
2023-08-24
Alberta Investment Management Corp
unchanged
-
29,346
636,779
0.01%
2023-08-23
Stonebridge Capital Advisors LLC
reduced
-10.23
-2,733
43,615
-%

1–10 of 47

Latest Funds Activity

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

Schedule 13G FIlings of McCormick & Company

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Apr 20, 2023
kurzius lawrence erik
10.4%
1,967,254
SC 13D/A
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

Recent SEC filings of McCormick & Company

View All Filings
Date Filed Form Type Document
Sep 12, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4/A
Insider Trading
Aug 30, 2023
4
Insider Trading
Aug 30, 2023
4
Insider Trading

MKC Fair Value

Loading...

Peers (Alternatives to McCormick & Company)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.7T
383.9B
-0.20% 12.03%
28.98
7.15
-0.93% -4.89%
2.4T
211.9B
-0.34% 32.68%
32.95
11.25
6.88% -0.52%
1.7T
289.5B
4.39% 32.17%
27.89
5.87
4.10% -15.36%
1.4T
538.0B
0.45% 10.72%
106.74
2.59
10.73% 12.62%
MID-CAP
1.5B
9.9B
-27.42% -42.17%
56.49
0.15
24.14% 106.11%
825.8M
246.5M
1.69% -8.19%
-5.2
3.35
6.65% -174.04%
SMALL-CAP
1.9B
627.1M
-7.75% -1.79%
-1.34
3.1
-0.20% -204.67%
1.6B
2.2B
-9.03% 2.29%
11.2
0.72
38.20% -10.10%
1.1B
543.3M
3.23% 4.33%
-741.21
1.98
31.74% 78.13%
1.1B
56.2M
-7.62% -69.41%
-1.27
19.1
40.31% -12.26%
659.3M
356.8M
-12.09% -36.06%
-2.35
1.85
-23.03% 15.53%
539.4M
1.0B
-7.43% -34.64%
-20.4
0.52
-11.34% -107.10%
480.0M
453.3M
110.37% -71.69%
-0.39
1.06
-16.04% 55.90%
103.1M
13.7M
-11.56% -79.14%
-0.61
7.55
413.65% 52.51%

McCormick & Company News

InvestorsObserver
Is McCormick & Company Inc (MKC) Stock Over or Undervalued?.
InvestorsObserver,
34 minutes ago
InvestorPlace
FXDailyReport.com
Investing.com UK

Returns for MKC

Cumulative Returns on MKC

10.4%


10-Year Cumulative Returns

8.8%


7-Year Cumulative Returns

5.2%


5-Year Cumulative Returns

-5%


3-Year Cumulative Returns

Risks for MKC

What is the probability of a big loss on MKC?

41.1%


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

11.2%


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

Financials for McCormick & Company

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.9%6,5166,3946,3516,3856,3396,3596,3186,1466,0265,8715,6015,5285,4275,3285,3475,3315,3205,3195,3035,3265,193
Gross Profit4.1%2,3702,2772,2752,3532,3862,4782,4952,4522,4432,4082,3002,2702,2192,1482,1452,1202,1032,1002,0932,1572,118
  S&GA Expenses2.3%1,3911,3601,3571,4101,4091,4161,4041,3761,3661,3281,2821,2381,2001,1741,1671,1511,1561,1631,1631,0151,018
EBITDA-100.0%-1,1581,1631,1661,1191,1921,2191,2111,2151,2301,1821,2081,1891,1421,1431,1381,1111,0881,0671,028942
EBITDA Margin-100.0%-0.18*0.18*0.18*0.18*0.19*0.19*0.20*0.20*0.21*0.21*0.22*0.22*0.21*0.21*0.21*0.21*0.20*0.20*0.19*0.18*
Interest Expenses11.1%185167149138134136137136135134136142150158165171174176175176152
Earnings Before Taxes6.6%845792813833793869896895904924882902878824819810781758741706649
EBT Margin-100.0%-0.12*0.13*0.13*0.13*0.14*0.14*0.15*0.15*0.16*0.16*0.16*0.16*0.15*0.15*0.15*0.15*0.14*0.14*0.13*0.12*
Net Income5.0%700666682694683748755759752765747760746699703703685659933895830
Net Income Margin-100.0%-0.10*0.11*0.11*0.11*0.12*0.12*0.12*0.12*0.13*0.13*0.14*0.14*0.13*0.13*0.13*0.13*0.12*0.17*0.17*0.16*
Free Cashflow-100.0%-457390451487605550518664729816867781701773763737782652715697
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-2.3%12,90813,20513,12512,94112,95812,94112,90612,88412,81112,68512,09010,86110,57610,49210,36210,36610,23710,22810,25610,27810,384
  Current Assets-12.7%2,1042,4112,3872,4132,3252,2392,1962,1612,0531,9552,0841,7601,6161,5241,5501,5891,4731,4281,4801,4741,564
    Cash Equivalents-64.3%12735733434432633835231329225642422118517115516313910297.0073.00203
  Inventory---1,340---1,182---1,033---801---786--
  Net PPE2.0%1,2501,2251,1981,1391,1361,1361,1401,1141,1131,0711,028961927936953910917935942961948
  Goodwill0.1%5,2355,2305,2135,2105,3005,3335,3365,3805,4295,3974,9864,5744,4844,4974,5054,4974,5114,5394,5284,5534,577
Liabilities-4.4%7,9518,3188,4268,3348,3438,3278,4808,4818,4708,5208,1506,9156,9146,9176,9056,8856,8546,8857,0747,1667,344
  Current Liabilities-25.1%2,4873,3213,4323,1403,1333,0773,2243,1612,3812,4243,0471,9541,5822,0722,1542,0301,8601,8292,0021,8551,847
  Short Term Borrowings-64.7%4601,3051,2371,43666763753976745759488716885.00725601684606603560640624
    LT Debt, Current1.6%28628127121.0077177177076926826626426489.0089.0098.0011988.0086.0084.0076.0076.00
    LT Debt, Non Current13.8%4,1183,6203,6423,9053,9203,9653,9733,9854,7364,7393,7543,7384,1143,6283,6263,8433,9784,0344,0534,2704,456
Shareholder's Equity1.0%4,9374,8884,6814,5894,6154,6144,4264,4034,3414,1653,9403,9463,6623,5753,4573,4693,3833,3433,1823,1123,040
  Retained Earnings1.2%3,1913,1553,0233,0482,9342,9222,7822,7802,6612,5742,4162,3912,2892,1802,0562,0201,9191,8781,7601,7241,632
Accumulated Depreciation---1,135---1,062---985---8671,1201,1031,1168001,1051,107
Shares Outstanding0.1%268268-268268268-267267267-267266266-266265264-263263
Minority Interest13.1%20.0018.0019.0017.0017.0017.0015.0017.0016.0015.0014.0013.0012.0013.0013.0012.0012.0012.0011.0010.0012.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations20.9%8917376527067548788287889159641,0411,079988888947927901945821901873
  Share Based Compensation1.5%62.0061.0060.0062.0061.0064.0067.0063.0062.0054.0046.0044.0042.0037.0037.0035.0032.0028.0026.0027.0026.00
Cashflow From Investing-5.5%-173-164-146-133-244-197-908-1,712-1,694-1,742-1,025-209-202-184-171-149-149-148-158-186-4,381
Cashflow From Financing-72.2%-923-536-487-498-437-58622.001,001829827221-839-735-639-725-677-810-869-751-8033,570
  Dividend Payments1.3%408402397388380372363355347339330323316309302295288281273267257
  Buy Backs17.8%49.0042.0039.0040.0029.0026.009.0013.0039.0037.0047.0074.0064.0096.0095.0011111191.0062.0057.0038.00

MKC Income Statement

2023-05-31
CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Net sales$ 1,659.2$ 1,536.8$ 3,224.7$ 3,059.2
Cost of goods sold1,043.71,013.82,046.31,975.8
Gross profit615.5523.01,178.41,083.4
Selling, general and administrative expense380.5349.2716.6682.5
Transaction and integration expenses0.01.50.02.2
Special charges13.215.141.034.6
Operating income221.8157.2420.8364.1
Interest expense52.233.7102.866.8
Other income, net12.56.323.612.5
Income from consolidated operations before income taxes182.1129.8341.6309.8
Income tax expense40.321.774.756.1
Net income from consolidated operations141.8108.1266.9253.7
Income from unconsolidated operations10.310.424.319.7
Net income$ 152.1$ 118.5$ 291.2$ 273.4
Earnings per share - basic (usd per share)$ 0.57$ 0.44$ 1.09$ 1.02
Earnings per share - diluted (usd per share)$ 0.56$ 0.44$ 1.08$ 1.01
Average shares outstanding - basic (shares)268.4268.3268.3268.1
Average shares outstanding - diluted (shares)269.8270.5269.8270.5
Common stock    
Cash dividends paid per common share (usd per share)$ 0.39$ 0.37$ 0.78$ 0.74
Cash dividends declared per common share (usd per share)$ 0.39$ 0.37$ 0.39$ 0.37

MKC Balance Sheet

2023-05-31
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
May 31, 2023
Nov. 30, 2022
ASSETS  
Cash and cash equivalents$ 127.4$ 334.0
Trade accounts receivable, net of allowances557.2573.7
Inventories, net  
Finished products627.2649.0
Raw materials and work-in-process649.0691.1
Total inventory1,276.21,340.1
Prepaid expenses and other current assets143.2138.9
Total current assets2,104.02,386.7
Property, plant and equipment, net1,249.61,198.0
Goodwill5,235.45,212.9
Intangible assets, net3,371.93,387.9
Other long-term assets947.3939.4
Total assets12,908.213,124.9
LIABILITIES AND SHAREHOLDERS’ EQUITY  
Short-term borrowings460.21,236.7
Current portion of long-term debt285.7270.6
Trade accounts payable1,100.01,171.0
Other accrued liabilities641.2754.1
Total current liabilities2,487.13,432.4
Long-term debt4,117.63,642.3
Deferred taxes862.5866.3
Other long-term liabilities484.1484.7
Total liabilities7,951.38,425.7
Shareholders’ equity  
Retained earnings3,191.43,022.5
Accumulated other comprehensive loss(431.5)(480.6)
Total McCormick shareholders' equity4,937.04,680.5
Non-controlling interests19.918.7
Total shareholders’ equity4,956.94,699.2
Total liabilities and shareholders’ equity12,908.213,124.9
Common stock  
Shareholders’ equity  
Common stock586.1568.6
Common stock non-voting  
Shareholders’ equity  
Common stock$ 1,591.0$ 1,570.0
Lawrence E. Kurzius
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.