195.00 +0.10 (0.05%)
Before hours: 7:19AM EDT
|Bid||171.92 x 900|
|Ask||196.00 x 800|
|Day's Range||190.93 - 194.90|
|52 Week Range||112.23 - 196.77|
|Beta (5Y Monthly)||0.36|
|PE Ratio (TTM)||35.06|
|Earnings Date||Sep 29, 2020 - Oct 05, 2020|
|Forward Dividend & Yield||2.48 (1.27%)|
|Ex-Dividend Date||Jul 02, 2020|
|1y Target Est||171.11|
While they aren't direct competitors, McDonald's (NYSE: MCD) and McCormick (NYSE: MKC) share some attractive similarities as investments. Financially speaking, both consumer-focused giants boast unusually strong cash flow and are members of the exclusive club of income investments known as Dividend Aristocrats. In today's pandemic-influenced economy, McCormick looks like the clear favorite when it comes to the short-term growth outlook.
By John Jannarone Thanks to a strong balance sheet, natural sweetener and flavorings company Whole Earth Brands, Inc. is poised to make multiple accretive acquisitions and it is aggressively building a pipeline of targets. That’s according to Executive Chairman Irwin Simon and CEO Albert Manzone, who spoke to IPO Edge in an exclusive interview this […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
After almost 4.5 years of waiting, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett finally pulled the trigger on an acquisition a little over one week ago. With Berkshire Hathaway sitting on an all-time record $137 billion in cash, cash equivalents, and marketable securities as of the end of the first quarter, Buffett's company announced a $9.7 billion deal to acquire natural gas transmission and storage assets from Dominion Energy (NYSE: D).
Act II Global Acquisition to Purchase Two Companies Creating Whole Earth Brands Newly Revised Terms Reflect Just 6.75x 2020 Ebitda vs. 7.9x on Previous Terms New Redemption Deadline is Monday, June 22 and Vote is Wednesday, June 24 New Anticipated Net Leverage is 0.8x vs 1.4x on Previous Terms Company’s Product Sales Already Recovering from […]
McCormick (MKC) is witnessing higher demand in the Consumer segment amid the coronavirus outbreak. Also, the company's costs-saving efforts are yielding.
Americans still plan to attend or host a cookout this 4th of July weekend as the U.S. reported a record-setting 53,000 new coronavirus cases.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
The country is in a recession, unemployment is at its highest levels since the Great Depression, and it's an election year with a great deal of political uncertainty. I don't need to read you the headlines -- you live it every day.
During Thursday's Mad Money program host Jim Cramer discussed what's sending the Covid-19 stocks higher. Cramer said stocks like McCormick Inc. are surging on strong earnings. Since March 7, I am personally cooking more at home and using more spices but let's check out the charts and indicators to see what a wider community thinks of MKC.
Cooking from home may be here to stay even after the worst of the COVID-19 pandemic. McCormick CEO Lawrence Kurzius chats with Yahoo Finance.
Yahoo Finance's Brian Sozzi talks to McCormick President and CEO Lawrence Kurzius about the ongoing momentum of at-home cooking, what it means for the company as restaurants begin to reopen and summer barbecues begin to happen and more.
In the current session, McCormick & Co Inc. (NYSE: MKC) is trading at $176.13, after a 2.23% increase. Over the past month, the stock increased by 2.10%, and in the past year, by 13.62%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by 2.36%.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.McCormick & Co Inc. has a better P/E ratio of 33.07 than the aggregate P/E ratio of 26.4 of the Packaged Foods industry. Ideally, one might believe that McCormick & Co Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * McCormick: Q2 Earnings Insights * Earnings Scheduled For June 25, 2020 * Benzinga's Top Upgrades, Downgrades For June 22, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
McCormick , that is... perhaps the perfect "stay at home" stock for a consumer either under orders to remain inside or just plain too frightened to go outside. McCormick reported second quarter adjusted EPS of $1.47 on revenue of $1.4 billion. McCormick operates two main business lines.
McCormick (MKC) delivered earnings and revenue surprises of 26.72% and 1.47%, respectively, for the quarter ended May 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of McCormick & Co (NYSE:MKC) rose 1.6% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share were up 26.72% year over year to $1.47, which beat the estimate of $1.10.Revenue of $1,401,000,000 higher by 7.61% year over year, which beat the estimate of $1,310,000,000.Looking Ahead McCormick reaffirmed its long-term financial objectives and capital allocation priorities .How To Listen To The Conference Call Date: Jun 25, 2020Time: 08:00 AMView more earnings on MKCET Webcast URL: https://edge.media-server.com/mmc/p/nck3nf2gPrice Action Company's 52-week high was at $180.3852-week low: $112.22Price action over last quarter: Up 24.44%Company Description In its nearly 130-year history, McCormick has become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. McCormick's customer base includes top quick-service restaurants, retail grocery chains, and other packaged food manufacturers, with about 40% of sales generated beyond its home turf to include 150 other countries and territories. Beyond its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, and the recently acquired Frank's RedHot and French's brand.See more from Benzinga * Earnings Scheduled For June 25, 2020 * Benzinga's Top Upgrades, Downgrades For June 22, 2020 * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shares of McCormick & Co. Inc. rallied 1.6% in premarket trading Thursday, after the spices and condiments company reported fiscal second-quarter profit and sales that rose more than expected, helped by strength in its consumer business as the recovery from the COVID-19 business disruptions continues. Net income increased to $195.9 million, or $1.46 a share, from $149.4 million, or $1.12 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to $1.47, above the FactSet consensus of $1.16. Sales grew 7.6% to $1.40 billion, topping the FactSet consensus of $1.38 billion, as consumer segment sales rose 26.0% to $962.6 million while flavor solutions sales fell 18.5% to $438.5 million. The company expects an increase in demand in its consumer segment as more people cook at home, but said it cannot predict the level of consumption at home or away from home, or the impact of possible resurgences of COVID-19. The stock has gained 1.5% year to date through Wednesday, while the S&P 500 has lost 5.6%.
McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2020.