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Last $82.04 USD
Change Today +0.03 / 0.04%
Volume 847.6K
MKC On Other Exchanges
Symbol
Exchange
Munich
New York
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

mccormick & co-non vtg shrs (MKC) Snapshot

Open
$81.81
Previous Close
$82.01
Day High
$82.31
Day Low
$81.81
52 Week High
06/25/15 - $82.39
52 Week Low
10/1/14 - $65.16
Market Cap
10.5B
Average Volume 10 Days
721.6K
EPS TTM
$3.71
Shares Outstanding
116.0M
EX-Date
07/9/15
P/E TM
22.1x
Dividend
$1.60
Dividend Yield
1.91%
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 Introduces Lineup of 11 New Products

McCormick & Company introduced a lineup of 11 new products. From slow cooker sauces and gluten-free recipe mixes to roasted vegetable stock cubes that boost flavor in soups, stews and risottos, these new offerings make it easy to create delicious dinners on busy back-to-school weeknights. Made with all natural herbs and spices, these products join the popular Skillet Sauce line to expand on McCormick's flavorful cooking sauce offerings. Simply pour the sauce over fresh meat and vegetables, then let it slow-simmer while go about day. They're also certified gluten-free by the National Foundation for Celiac Awareness. McCormick Slow Cooker Sauces include: Smoky Bourbon BBQ Pulled Pork; Pot Roast with Caramelized Onion & Cracked Black Pepper; and Hearty Beef Stew with Savory Herbs and Onion. Certified by the National Foundation for Celiac Awareness, four new additions to the existing line of gluten-free recipe mixes make for easy family meals everyone can enjoy without compromising on taste. McCormick Gluten-Free Recipe Mixes include: Gluten-Free Meat Loaf Seasoning; Gluten-Free Fajita Seasoning; Gluten-Free Thick & Zesty Spaghetti Sauce; and Gluten-Free Beef Stew Seasoning. These convenient, gluten-free stock cubes have no MSG and are perfectly portioned and ready to use in popular fall dishes. Kitchen Basics Flavored Stock Cubes include: Roasted Vegetable & Herb; and Roasted Garlic & Chicken. McCormick Pure Pumpkin Pie Spice Extract will feature warm notes of cinnamon, ginger, nutmeg and allspice, everyone's favorite fall flavor is now in an easy-to-use liquid form. Add a splash of Pumpkin Pie Spice Extract to baked goods and beverages. Thai Kitchen Coconut Cream is thicker and creamier than coconut milk, making it a versatile, dairy-free and gluten-free way to bring richness to everything from cakes to curries.

McCormick & Company, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended May 31, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

McCormick & Company, Incorporated reported earnings results for the second quarter and six months ended May 31, 2015. For the quarter, the company's net sales were $1,024.1 million compared to $1,033.4 million for the same quarter ended May 31, 2014. Operating income was $103.8 million compared with $121.7 million a year ago. Income from consolidated operations before income taxes was $91.4 million compared with $221.9 million a year ago. Net income was $84.3 million or $0.65 per diluted share compared to $84.5 million or $0.64 per diluted share for the same quarter ended May 31, 2014. For the six months, the company's net sales were $2,034.5 million compared to $2,026.8 million for the same quarter ended May 31, 2014. Operating income was $197.5 million compared with $246.3 million a year ago. Income from consolidated operations before income taxes was $172.0 million compared with $221.9 million a year ago. Net income was $154.8 million or $1.20 per diluted share compared to $167.0 million or $1.27 per diluted share for the same quarter ended May 31, 2014. Net cash flow provided by operating activities was $185.9 million compared with $182.1 million a year ago. Capital expenditures were $42.7 million compared with $47.4 million a year ago. The company raised its outlook for earnings per share by $0.03, due to a reduction in the projected 2015 effective tax rate.  As a result, the company expects to report earnings per share of $3.18 to $3.25. Excluding the estimated impact of $0.29 from special charges, guidance for adjusted earnings per share is now $3.47 to $3.54.  On a constant currency basis, this is a growth rate of 7% to 9% from 2014 adjusted earnings per share of $3.37. Another year of strong cash flow is anticipated in 2015, with a portion returned to McCormick's shareholders through dividends and share repurchases. In the third quarter of 2015, the company expects adjusted earnings per share to decline from the year-ago period as the result of the projected tax rate (estimated at 29% in the third quarter of 2015 compared to 21% in the third quarter of 2014), unfavorable currency rates and higher investment in brand marketing.

McCormick Declares Quarterly Dividend Payable on July 27, 2015

McCormick declared a quarterly dividend of $0.40 per share on its common stocks, unchanged from the dividend paid in the previous quarter. This dividend is payable on July 27, 2015 to shareholders of record on July 13, 2015.

 

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Industry Analysis

MKC

Industry Average

Valuation MKC Industry Range
Price/Earnings 25.0x
Price/Sales 2.5x
Price/Book 6.1x
Price/Cash Flow 22.3x
TEV/Sales 1.9x
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