Last $74.73 USD
Change Today -0.11 / -0.15%
Volume 426.6K
MKC On Other Exchanges
Symbol
Exchange
New York
New York
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

mccormick & co-non vtg shrs (MKC) Snapshot

Open
$75.15
Previous Close
$74.84
Day High
$75.15
Day Low
$74.12
52 Week High
12/23/14 - $77.08
52 Week Low
08/1/14 - $64.92
Market Cap
9.6B
Average Volume 10 Days
395.6K
EPS TTM
$3.37
Shares Outstanding
116.3M
EX-Date
12/29/14
P/E TM
22.2x
Dividend
$1.60
Dividend Yield
2.02%
Current Stock Chart for MCCORMICK & CO-NON VTG SHRS (MKC)

mccormick & co-non vtg shrs (MKC) Related Businessweek News

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mccormick & co-non vtg shrs (MKC) Details

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry worldwide. It operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, seasonings, and dessert items under the McCormick, Lawry’s, Club House, Zatarain’s, Thai Kitchen, Simply Asia, Ducros, Schwartz, Kamis, Vahiné, DaQiao, Aeroplane, and Kohinoor brand names, as well as supplies private label items. This segment markets its products directly and indirectly through distributors or wholesalers to various retail outlets that include grocery stores, mass merchandise stores, warehouse clubs, and discount and drug stores. The Industrial segment provides seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. This segment offers its products directly and indirectly through distributors to food manufacturers and foodservice customers. The company was founded in 1889 and is based in Sparks, Maryland.

10,000 Employees
Last Reported Date: 01/29/15
Founded in 1889

mccormick & co-non vtg shrs (MKC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
President and Chief Operating Officer
Total Annual Compensation: $556.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $533.7K
President of Europe, Middle East, Africa & As...
Total Annual Compensation: $456.4K
Compensation as of Fiscal Year 2014.

mccormick & co-non vtg shrs (MKC) Key Developments

McCormick & Company, Incorporated Announces Consolidated Earnings Results for Fourth Quarter and Full Year Ended November 30, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2015

McCormick & Company, Incorporated announced consolidated earnings results for fourth quarter and full year ended November 30, 2014. For the quarter, the company reported net sales of $1,173.60 million against $1,170.10 million a year ago. Operating income was $199.4 million against $174.1 million a year ago. Income from consolidated operations before income taxes was $187.3 million against $162.70 million a year ago. Net income from consolidated operations was $138.7 million against $123.10 million a year ago. Net income was $148.0 million or $1.14 per diluted share against $129.90 million or $0.98 per diluted share a year ago. For the year, the company reported net sales of $4,123.40 million against $4,123.40 million a year ago. Operating income was $603.0 million against $550.50 million a year ago. Income from consolidated operations before income taxes was $554.4 million against $499.40 million a year ago. Net income from consolidated operations was $408.5 million against $365.80 million a year ago. Net income was $437.9 million or $3.34 per diluted share against $389 million or $2.91 per diluted share a year ago. Net cash provided by operating activities was $503.6 million against $465.20 million a year ago. Capital expenditures were $132.7 million against $99.90 million a year ago. In 2015, the company expects to grow sales 4% to 6% in local currency. Operating income is expected to grow 2% to 4% from operating income of $603 million in 2014. projects Earnings per share is projected to be in a $3.41 to $3.48 range, and adjusted earnings per share is expected to range from $3.51 to $3.58, which excludes the expected impact of special charges. In addition to higher adjusted operating income, the company expects income from unconsolidated operations to grow at least 10%. For fiscal year 2015, strong cash flow is expected to continue, with plans to return a significant portion to McCormick's shareholders through dividends and share repurchases. Capital expenditures to be from $130 million to $140 million. The company expects a tax rate of 27% to 28%. For the first quarter of 2015, the company’s adjusted earnings per share is expected to be increase slightly from the year-ago result of $0.62, with the projected favorable impact of higher sales, cost savings and a lower tax rate, offset in part by the projected unfavorable impact of increased brand marketing, currency rates, higher retirement expense and material cost inflation versus planned pricing actions that will not yet be fully implemented.

McCormick & Company, Incorporated, Q4 2014 Earnings Call, Jan 28, 2015

McCormick & Company, Incorporated, Q4 2014 Earnings Call, Jan 28, 2015

McCormick & Company, Incorporated Announces Executive Appointments

McCormick & Company, Incorporated announced the appointment of Lawrence Kurzius to the role of Chief Operating Officer and President, effective January 5, 2015. Lawrence will continue to report to Alan D. Wilson who remains Chairman and Chief Executive Officer for McCormick. In this newly created role, Mr. Kurzius will have responsibility for McCormick's businesses worldwide. In addition, he will continue to lead the Global Quality, Supply Chain and R&D Corporate functions and act as President Global Consumer and President North America. Mr. Kurzius has been a key leader for McCormick over the past 11 years and has served as a member of the Management Committee since 2007. Malcolm Swift, President EMEA and APZ will take on the additional role of President Global Industrial. Mr. Swift will report directly to Lawrence Kurzius for his responsibilities in the EMEA and APZ region. He will continue to report to Alan Wilson for his new role in Global Industrial. Mr. Swift is a current member of the Management Committee. He joined McCormick in January 2005 with significant experience in various leadership positions in Europe with Mars Inc., Diageo plc, Time Warner and Hero AG.

 

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Industry Analysis

MKC

Industry Average

Valuation MKC Industry Range
Price/Earnings 22.4x
Price/Sales 2.3x
Price/Book 5.4x
Price/Cash Flow 19.9x
TEV/Sales 1.7x
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