McCormick & Company Incorporated
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $80.45
- Today's High:
- $81.87
- Open Price:
- $81.75
- 52W Low:
- $69.8529
- 52W High:
- $93.9605
- Prev. Close:
- $81.75
- Volume:
- 752001
Company Statistics
- Market Cap.:
- $21.93 billion
- Book Value:
- 18.399
- Revenue TTM:
- $6.52 billion
- Operating Margin TTM:
- 15.17%
- Gross Profit TTM:
- $2.27 billion
- Profit Margin:
- 10.74%
- Return on Assets TTM:
- 4.78%
- Return on Equity TTM:
- 14.62%
Company Profile
McCormick & Company Incorporated had its IPO on 1972-04-03 under the ticker symbol MKC.
The company operates in the Consumer Defensive sector and Packaged Foods industry. McCormick & Company Incorporated has a staff strength of 14,200 employees.
Stock update
Shares of McCormick & Company Incorporated opened at $81.75 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $80.45 - $81.87, and closed at $80.73.
This is a -1.25% slip from the previous day's closing price.
A total volume of 752,001 shares were traded at the close of the day’s session.
In the last one week, shares of McCormick & Company Incorporated have increased by +0.34%.
McCormick & Company Incorporated's Key Ratios
McCormick & Company Incorporated has a market cap of $21.93 billion, indicating a price to book ratio of 5.0418 and a price to sales ratio of 3.5455.
In the last 12-months McCormick & Company Incorporated’s revenue was $6.52 billion with a gross profit of $2.27 billion and an EBITDA of $1.17 billion. The EBITDA ratio measures McCormick & Company Incorporated's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, McCormick & Company Incorporated’s operating margin was 15.17% while its return on assets stood at 4.78% with a return of equity of 14.62%.
In Q1.6666666666667, McCormick & Company Incorporated’s quarterly earnings growth was a positive 27.3% while revenue growth was a positive 8%.
McCormick & Company Incorporated’s PE and PEG Ratio
- Forward PE
- 28.8184
- Trailing PE
- 31.5637
- PEG
- 6.1266
Its diluted EPS in the last 12-months stands at $2.59 per share while it has a forward price to earnings multiple of 28.8184 and a PEG multiple of 6.1266. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into McCormick & Company Incorporated’s profitability.
McCormick & Company Incorporated stock is trading at a EV to sales ratio of 4.4114 and a EV to EBITDA ratio of 24.1551. Its price to sales ratio in the trailing 12-months stood at 3.5455.
McCormick & Company Incorporated stock pays annual dividends of $1.52 per share, indicating a yield of 1.93% and a payout ratio of 59%.
Balance sheet and cash flow metrics
- Total Assets
- $12.91 billion
- Total Liabilities
- $2.49 billion
- Operating Cash Flow
- $-116100000.00
- Capital Expenditure
- $57.10 million
- Dividend Payout Ratio
- 59%
McCormick & Company Incorporated ended 2024 with $12.91 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $12.91 billion while shareholder equity stood at $4.94 billion.
McCormick & Company Incorporated ended 2024 with $0 in deferred long-term liabilities, $2.49 billion in other current liabilities, 2177100000.00 in common stock, $3.19 billion in retained earnings and $5.24 billion in goodwill. Its cash balance stood at $127.40 million and cash and short-term investments were $127.40 million. The company’s total short-term debt was $745,900,000 while long-term debt stood at $4.12 billion.
McCormick & Company Incorporated’s total current assets stands at $2.10 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $557.20 million compared to accounts payable of $1.10 billion and inventory worth $1.28 billion.
In 2024, McCormick & Company Incorporated's operating cash flow was $-116100000.00 while its capital expenditure stood at $57.10 million.
Comparatively, McCormick & Company Incorporated paid $0.59 in dividends in 2024.
Other key metrics
- Current Trading Price
- $80.73
- 52-Week High
- $93.9605
- 52-Week Low
- $69.8529
- Analyst Target Price
- $83.92
McCormick & Company Incorporated stock is currently trading at $80.73 per share. It touched a 52-week high of $93.9605 and a 52-week low of $93.9605. Analysts tracking the stock have a 12-month average target price of $83.92.
Its 50-day moving average was $85.1 and 200-day moving average was $82.82 The short ratio stood at 6.32 indicating a short percent outstanding of 0%.
Around 47% of the company’s stock are held by insiders while 8757.2% are held by institutions.
Frequently Asked Questions About McCormick & Company Incorporated
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About
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 LA Drogheria, 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. McCormick & Company, Incorporated was founded in 1889 and is headquartered in Hunt Valley, Maryland.