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Profile

Full Name:

McCormick & Company, Incorporated

Country:

United States

IPO:

26 April 1999

Indexes:

Description:

McCormick & Company, Incorporated is engaged in the production, marketing, and distribution of spices, seasonings, and other aromatic condiments for the food industry - retail companies, food manufacturers, and food service establishments. The company was founded in 1915 as the successor to a business established in 1889. The corporation is also a partner in several joint ventures that are involved in the production and sale of seasonings, the most significant of which is McCormick de Mexico. The company specializes in two segments: consumer and flavor solutions segment.

Key Details

Price

$76.54

TTM Dividend Yield

2.23%(-5.11% YoY)

Annual Revenue

$6.72 B(+0.92% YoY)

Annual EPS

$2.92(+15.87% YoY)

PE Ratio

26.12(-2.57% YoY)

Beta

0.04

Events Calendar

Earnings

Next earnings date:

Mar 26, 2025

Recent quarterly earnings:

Jan 23, 2025

Recent annual earnings:

Jan 23, 2025
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 30, 2024
Splits

Next split:

N/A

Recent split:

Dec 01, 2020

Analyst ratings

Recent major analysts updates

27 Jan '25 Barclays
Equal-Weight
24 Jan '25 JP Morgan
Underweight
15 Jan '25 JP Morgan
Underweight
08 Jan '25 TD Cowen
Buy
09 Dec '24 Jefferies
Buy
02 Oct '24 TD Cowen
Hold
02 Oct '24 Stifel
Hold
02 Oct '24 B of A Securities
Buy
17 Sept '24 B of A Securities
Buy
24 June '24 TD Cowen
Hold

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Institutional Ownership

McCormick & Company to Present at Consumer Analyst Group of New York Conference
McCormick & Company to Present at Consumer Analyst Group of New York Conference
McCormick & Company to Present at Consumer Analyst Group of New York Conference
MKC
prnewswire.com28 January 2025

HUNT VALLEY, Md., Jan. 28, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a worldwide leader in flavor, will be speaking at the Consumer Analyst Group of New York (CAGNY) Conference at 4:00 p.m.

McCormick: Visible Neat-Term Headwinds Prevent Me From Upgrading To Buy
McCormick: Visible Neat-Term Headwinds Prevent Me From Upgrading To Buy
McCormick: Visible Neat-Term Headwinds Prevent Me From Upgrading To Buy
MKC
seekingalpha.com25 January 2025

Even though McCormick & Co. has shown good volume growth and an improving gross margin, I still recommend holding onto the stock because of slow overall revenue growth and other challenges. In the fourth quarter of 2024, the company reported net sales of $1.8 billion, mainly from volume increases, but adjusted earnings per share fell because of higher taxes and operating costs. Additionally, difficulties in the Asia Pacific region and stagnant volumes in the Flavor Solutions segment are major obstacles that restrict short-term revenue growth.

McCormick & Company, Incorporated (MKC) Q4 2024 Earnings Call Transcript
McCormick & Company, Incorporated (MKC) Q4 2024 Earnings Call Transcript
McCormick & Company, Incorporated (MKC) Q4 2024 Earnings Call Transcript
MKC
seekingalpha.com23 January 2025

McCormick & Company, Incorporated (NYSE:MKC) will hold its Q4 2024 Earnings Conference Call on January 23, 2025, at 8:00 AM ET. The call will feature company representatives, including Faten Freiha, the Vice President of Investor Relations, and Brendan Foley, the Chairman and CEO. Various financial analysts from different firms will also participate in the call.

Not Backing Away From McCormick
Not Backing Away From McCormick
Not Backing Away From McCormick
MKC
seekingalpha.com23 January 2025

In the fourth quarter, McCormick & Company, Incorporated saw a 2.7% increase in sales due to high demand from both consumers and businesses, even though performance varied by region and the Asia-Pacific market was tough. While their gross profit margin improved, adjusted operating income decreased by 1.1%, and earnings per share (EPS) dropped by 5.9% compared to last year, indicating slow growth. Looking ahead to 2025, McCormick expects only slight sales growth and a modest EPS increase of 2-4%, but it still offers good potential for long-term dividend growth.

McCormick (MKC) Beats Q4 Earnings and Revenue Estimates
McCormick (MKC) Beats Q4 Earnings and Revenue Estimates
McCormick (MKC) Beats Q4 Earnings and Revenue Estimates
MKC
zacks.com23 January 2025

McCormick (MKC) reported quarterly earnings of $0.80 per share, which is higher than the Zacks Consensus Estimate of $0.77 per share. This is a decrease compared to earnings of $0.85 per share from the same period last year.

Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses
Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses
Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses
MKC
reuters.com23 January 2025

On Thursday, McCormick, the company that makes Cholula hot sauce, predicted that its yearly sales and profits would be lower than what analysts expected. This is due to a continued drop in demand for its spices and condiments, particularly in China, along with increased marketing costs.

McCORMICK REPORTS STRONG 2024 FINANCIAL RESULTS AND PROVIDES 2025 OUTLOOK
McCORMICK REPORTS STRONG 2024 FINANCIAL RESULTS AND PROVIDES 2025 OUTLOOK
McCORMICK REPORTS STRONG 2024 FINANCIAL RESULTS AND PROVIDES 2025 OUTLOOK
MKC
prnewswire.com23 January 2025

HUNT VALLEY, Md., Jan. 23, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a worldwide leader in flavor, has announced its financial results for the fourth quarter and the entire fiscal year that ended on November 30, 2024. They also shared their financial expectations for the fiscal year 2025.

McCormick Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
McCormick Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
McCormick Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
MKC
benzinga.com23 January 2025

McCormick & Company, Incorporated (MKC) is set to announce its financial results for the fourth quarter on Thursday, January 23, 2025, before the market opens.

McCormick Set to Release Q4 Earnings: Should You Expect a Beat?
McCormick Set to Release Q4 Earnings: Should You Expect a Beat?
McCormick Set to Release Q4 Earnings: Should You Expect a Beat?
MKC
zacks.com20 January 2025

MKC's results for the fourth quarter are expected to show better sales trends, but high selling, general, and administrative expenses may have reduced profits.

Curious about McCormick (MKC) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Curious about McCormick (MKC) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Curious about McCormick (MKC) Q4 Performance? Explore Wall Street Estimates for Key Metrics
MKC
zacks.com17 January 2025

Instead of just focusing on Wall Street's predictions for McCormick's (MKC) earnings, let's explore some important metrics to better understand how the company might perform in the quarter ending November 2024. This will give us a clearer picture of its potential.

FAQ

  • What is the primary business of McCormick & Company Incorporated?
  • What is the ticker symbol for McCormick & Company Incorporated?
  • Does McCormick & Company Incorporated pay dividends?
  • What sector is McCormick & Company Incorporated in?
  • What industry is McCormick & Company Incorporated in?
  • What country is McCormick & Company Incorporated based in?
  • When did McCormick & Company Incorporated go public?
  • Is McCormick & Company Incorporated in the S&P 500?
  • Is McCormick & Company Incorporated in the NASDAQ 100?
  • Is McCormick & Company Incorporated in the Dow Jones?
  • When was McCormick & Company Incorporated's last earnings report?
  • When does McCormick & Company Incorporated report earnings?
  • Should I buy McCormick & Company Incorporated stock now?

What is the primary business of McCormick & Company Incorporated?

McCormick & Company, Incorporated is engaged in the production, marketing, and distribution of spices, seasonings, and other aromatic condiments for the food industry - retail companies, food manufacturers, and food service establishments. The company was founded in 1915 as the successor to a business established in 1889. The corporation is also a partner in several joint ventures that are involved in the production and sale of seasonings, the most significant of which is McCormick de Mexico. The company specializes in two segments: consumer and flavor solutions segment.

What is the ticker symbol for McCormick & Company Incorporated?

The ticker symbol for McCormick & Company Incorporated is NYSE:MKC

Does McCormick & Company Incorporated pay dividends?

Yes, McCormick & Company Incorporated pays dividends. The last payment was $0.45, with an ex-dividend date on 30 December 2024

What sector is McCormick & Company Incorporated in?

McCormick & Company Incorporated is in the Consumer Defensive sector

What industry is McCormick & Company Incorporated in?

McCormick & Company Incorporated is in the Packaged Foods industry

What country is McCormick & Company Incorporated based in?

McCormick & Company Incorporated is headquartered in United States

When did McCormick & Company Incorporated go public?

McCormick & Company Incorporated's initial public offering (IPO) was on 26 April 1999

Is McCormick & Company Incorporated in the S&P 500?

Yes, McCormick & Company Incorporated is included in the S&P 500 index

Is McCormick & Company Incorporated in the NASDAQ 100?

No, McCormick & Company Incorporated is not included in the NASDAQ 100 index

Is McCormick & Company Incorporated in the Dow Jones?

No, McCormick & Company Incorporated is not included in the Dow Jones index

When was McCormick & Company Incorporated's last earnings report?

McCormick & Company Incorporated's most recent earnings report was on 23 January 2025

When does McCormick & Company Incorporated report earnings?

The next expected earnings date for McCormick & Company Incorporated is 26 March 2025

Should I buy McCormick & Company Incorporated stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions