mccormick & co. inc. - MKC

MKC

Close Chg Chg %
77.12 0.81 1.05%

Closed Market

77.93

+0.81 (1.05%)

Volume: 2.02M

Last Updated:

Nov 21, 2024, 3:59 PM EDT

Company Overview: mccormick & co. inc. - MKC

MKC Key Data

Open

$77.14

Day Range

76.98 - 78.26

52 Week Range

63.70 - 85.43

Market Cap

$20.70B

Shares Outstanding

268.36M

Public Float

251.73M

Beta

0.76

Rev. Per Employee

N/A

P/E Ratio

26.24

EPS

$2.95

Yield

217.81%

Dividend

$0.45

EX-DIVIDEND DATE

Dec 30, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

1.73M

 

MKC Performance

1 Week
 
5.38%
 
1 Month
 
0.12%
 
3 Months
 
-1.70%
 
1 Year
 
17.32%
 
5 Years
 
-6.60%
 

MKC Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 19
Full Ratings ➔

About mccormick & co. inc. - MKC

McCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

MKC At a Glance

McCormick & Co., Inc.
24 Schilling Road
Baltimore, Maryland 21031
Phone 1-410-771-7301 Revenue 6.66B
Industry Food: Specialty/Candy Net Income 680.60M
Sector Consumer Non-Durables 2023 Sales Growth 4.908%
Fiscal Year-end 11 / 2024 Employees 13,800
View SEC Filings

MKC Valuation

P/E Current 26.24
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 25.70
Price to Sales Ratio 2.625
Price to Book Ratio 3.434
Price to Cash Flow Ratio 14.137
Enterprise Value to EBITDA 17.978
Enterprise Value to Sales 3.301
Total Debt to Enterprise Value 0.211

MKC Efficiency

Revenue/Employee 482,768.116
Income Per Employee 49,318.841
Receivables Turnover 11.34
Total Asset Turnover 0.513

MKC Liquidity

Current Ratio 0.646
Quick Ratio 0.282
Cash Ratio 0.054

MKC Profitability

Gross Margin 37.56
Operating Margin 15.37
Pretax Margin 11.989
Net Margin 10.216
Return on Assets 5.238
Return on Equity 13.974
Return on Total Capital 7.013
Return on Invested Capital 7.97

MKC Capital Structure

Total Debt to Total Equity 91.778
Total Debt to Total Capital 47.856
Total Debt to Total Assets 36.11
Long-Term Debt to Equity 69.552
Long-Term Debt to Total Capital 36.267
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Mccormick & Co. Inc. - MKC

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
5.60B 6.32B 6.35B 6.66B
Sales Growth
+4.75% +12.79% +0.52% +4.91%
Cost of Goods Sold (COGS) incl D&A
3.30B 3.81B 4.08B 4.16B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
165.00M 186.30M 200.60M 199.30M
Depreciation
144.80M 150.70M 165.50M 164.40M
Amortization of Intangibles
20.20M 35.60M 35.10M 34.90M
COGS Growth
+3.08% +15.42% +6.98% +2.02%
Gross Income
2.30B 2.51B 2.27B 2.50B
Gross Income Growth
+7.24% +9.03% -9.31% +10.09%
Gross Profit Margin
+41.04% +39.67% +35.79% +37.56%
2020 2021 2022 2023 5-year trend
SG&A Expense
1.28B 1.40B 1.36B 1.48B
Research & Development
68.60M 87.30M 87.50M 94.90M
Other SG&A
1.21B 1.32B 1.27B 1.38B
SGA Growth
+9.84% +9.56% -3.35% +8.93%
Other Operating Expense
- - - -
-
Unusual Expense
15.10M 77.20M 49.50M 68.30M
EBIT after Unusual Expense
1.00B 1.02B 866.30M 955.70M
Non Operating Income/Expense
23.80M 17.60M 126.10M 44.80M
Non-Operating Interest Income
- - 17.80M 36.60M
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
144.40M 146.80M 179.60M 201.80M
Interest Expense Growth
-12.85% +1.66% +22.34% +12.36%
Gross Interest Expense
144.40M 146.80M 179.60M 201.80M
Interest Capitalized
- - - -
-
Pretax Income
881.50M 895.80M 812.80M 798.70M
Pretax Income Growth
+7.60% +1.62% -9.27% -1.73%
Pretax Margin
+15.74% +14.18% +12.80% +11.99%
Income Tax
174.90M 192.70M 168.60M 174.50M
Income Tax - Current - Domestic
113.10M 85.70M 77.60M 97.50M
Income Tax - Current - Foreign
73.00M 71.00M 69.20M 82.40M
Income Tax - Deferred - Domestic
5.10M 40.30M 33.90M 500.00K
Income Tax - Deferred - Foreign
(16.30M) (4.30M) (12.10M) (5.90M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
747.40M 755.30M 682.00M 675.10M
Minority Interest Expense
- - - (5.50M)
-
Net Income
747.40M 755.30M 682.00M 680.60M
Net Income Growth
+6.36% +1.06% -9.70% -0.21%
Net Margin Growth
+13.34% +11.95% +10.74% +10.22%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
747.40M 755.30M 682.00M 680.60M
Preferred Dividends
- - - -
-
Net Income Available to Common
747.40M 755.30M 682.00M 680.60M
EPS (Basic)
2.8045 2.8257 2.5429 2.5358
EPS (Basic) Growth
+5.84% +0.76% -10.01% -0.28%
Basic Shares Outstanding
266.50M 267.30M 268.20M 268.40M
EPS (Diluted)
2.7774 2.7984 2.5241 2.5226
EPS (Diluted) Growth
+6.00% +0.76% -9.80% -0.06%
Diluted Shares Outstanding
269.10M 269.90M 270.20M 269.80M
EBITDA
1.18B 1.29B 1.12B 1.22B
EBITDA Growth
+4.09% +8.99% -13.36% +9.58%
EBITDA Margin
+21.11% +20.39% +17.58% +18.36%

Snapshot

Average Recommendation HOLD Average Target Price 85.876
Number of Ratings 19 Current Quarters Estimate 0.77
FY Report Date 11 / 2024 Current Year's Estimate 2.929
Last Quarter’s Earnings 0.83 Median PE on CY Estimate N/A
Year Ago Earnings 2.70 Next Fiscal Year Estimate 3.117
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 11 8 14 14
Mean Estimate 0.77 0.69 2.93 3.12
High Estimates 0.80 0.71 3.06 3.28
Low Estimate 0.75 0.68 2.87 3.00
Coefficient of Variance 2.10 1.73 1.57 2.24

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 3 3 4
OVERWEIGHT 2 2 1
HOLD 12 12 12
UNDERWEIGHT 1 1 0
SELL 1 1 2
MEAN Hold Hold Hold

Insider Actions for Mccormick & Co. Inc. - MKC

Date Name Shares Transaction Value
Jul 18, 2024 Lawrence Erik Kurzius Director N/A Open market or private sale of non-derivative or derivative security Non-derivative transaction at $75 per share 0.00
Jul 12, 2024 Lawrence Erik Kurzius Director 25,000 Other acquisition or disposition 0.00
May 8, 2024 Margaret Mary V. Preston Director 13,124 Other acquisition or disposition Non-derivative transaction at $75.18 per share 986,662.32
May 8, 2024 Brendan M. Foley President & CEO 1,138 Other acquisition or disposition Non-derivative transaction at $75.18 per share 85,554.84
May 8, 2024 Andrew Foust President, Americas 320 Other acquisition or disposition Non-derivative transaction at $75.18 per share 24,057.60
Mar 20, 2024 Margaret Mary V. Preston Director 13,059 Other acquisition or disposition Non-derivative transaction at $67.14 per share 876,781.26
Feb 29, 2024 Brendan M. Foley President & CEO 1,136 Other acquisition or disposition Non-derivative transaction at $67.15 per share 76,282.40
Dec 18, 2023 Michael R. Smith Executive VP & CFO 4,498 Other acquisition or disposition 0.00
Dec 18, 2023 Michael R. Smith Executive VP & CFO 208 Bona fide gift 0.00

Mccormick & Co. Inc. in the News