MKC - McCormick & Company, Incorporated
| Previous Close | 128.47 |
| Open | 128.43 |
| Bid | 123.92 x 800 |
| Ask | 128.69 x 1200 |
| Day's Range | 128.44 - 129.33 |
| 52 Week Range | 99.53 - 156.00 |
| Volume | 60,148 |
| Avg. Volume | 1,426,168 |
| Market Cap | 17.07B |
| Beta (3Y Monthly) | 0.01 |
| PE Ratio (TTM) | 18.44 |
| EPS (TTM) | 7.00 |
| Earnings Date | Mar 26, 2019 |
| Forward Dividend & Yield | 2.28 (1.79%) |
| Ex-Dividend Date | 2018-12-28 |
| 1y Target Est | 129.18 |
- American City Business Journals•5 days ago
McCormick execs see pay skyrocket in 2018 after overseeing record growth
CEO Lawrence Kurzius saw his total compensation rise 64 percent to $14.8 million in 2018, including a one-time $6 million stock award.
- Zacks•5 days ago
Brightcove (BCOV) Breaks Even in Q4 Earnings, Revenues Up Y/Y
Brightcove (BCOV) fourth-quarter 2018 results benefit from demand for its solutions from new and existing customers.
- GlobeNewswire•6 days ago
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of McCormick & Company Investors (MKC)
BENSALEM, Pa., Feb. 13, 2019 -- Law Offices of Howard G. Smith announces an investigation on behalf of McCormick & Company investors (“McCormick” or the “Company”) (NYSE:.
- InvestorPlace•6 days ago
10 ‘Buy-and-Hold’ Stocks to Own Forever
[Editor's note: This story was previously published in July 2018. It has since been updated and republished.]Investing to "buy and hold" is trickier than it looks. The increasing pace of technological change means even the most successful, dominant companies have to continually adapt to keep up. Industries like energy, real estate and even consumer products are facing potentially significant long-term changes going forward. In any era, amassing a collection of retirement stocks simply by buying the best companies and holding them for years can be a risky endeavor.General Motors (NYSE:GM) was a classic "widows and orphans" stock until last decade when GM wound up going bankrupt. United States Steel (NYSE:X) once was a pillar of corporate America and a buy-and-hold stock. GM shares basically haven't moved in a quarter of a century. Polaroid and Eastman Kodak (NYSE:KODK) were once blue-chip stocks. Both went bankrupt as cameras changed from film to digital.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut there still are stocks to buy and hold out there that can last forever, while offering dividend income along the way. * 9 U.S. Stocks That Are Coming to Life Again Here are 10 such retirement stocks to hold forever.Source: Shutterstock Bank of America (BAC)Dividend Yield: 2.7%It might seem strange to open the list with Bank of America (NYSE:BAC). After all, we're less than a decade on from the financial crisis. During that crisis, BofA acquisition Countrywide Financial blew up in spectacular fashion, after pioneering many of the risky tactics that led to the bubble and subsequent bust.But this is a different BofA.Net consumer charge-offs hit a decade-long low in the company's second quarter. Performance on credit metrics continues to improve across the portfolio. The Merrill Lynch unit is posting record margins. Government regulations have been criticized as slowing growth -- but they've undoubtedly lowered risk as well, even if observers might argue that a better balance is needed.No less than Warren Buffett is now BofA's largest shareholder, through his Berkshire Hathaway Inc. (NYSE:BRK.A, NYSE:BRK.B). And the Oracle of Omaha is fond of saying that his favorite holding period is "forever."That seems likely true for BAC stock as well.Source: Mustafa Khayat Via Flickr Diageo (DEO)Dividend Yield: 1.75%Change has come to the alcohol industry, with the number of breweries exploding worldwide and new distilleries popping up as well. The brands owned by Diageo (NYSE:DEO) are well-positioned to adapt to shifting tastes.Diageo owns classic brands like Johnnie Walker whisky, Tanqueray gin, Smirnoff vodka, and Harp and Guinness beer, among many others. What most have in common is a timeless quality and worldwide brand recognition. As a result, while beverage giants like Coca-Cola (NYSE:KO) and Anheuser Busch InBev (NYSE:BUD) have struggled with earnings growth, Diageo grew net income by 13.5% in fiscal 2018 and expects consistent growth going forward. * Buy These 5 Stocks to Play the Megatrend of the Century Yet at a sub-20x forward multiple, and with a dividend yield approaching 2%, Diageo stock isn't all that dearly valued. Long-term investors would do well to own DEO and perhaps use the dividends to buy a bottle or two of fine whisky.Source: U.S. Embassy Kyiv Ukraine via Flickr (Modified) Medtronic (MDT)Dividend Yield: 2.21%In this day and age, the U.S. healthcare market in particular seems potentially volatile. Concerns about increased spending and political battles over the Affordable Care Act create more questions than answers.But even with that uncertainty, Medtronic (NYSE:MDT) isn't going anywhere. The company's devices are an integral part of modern medicine, ranging from pacemakers to stents to bone grafts to imaging systems.Even the risks involved in the sector look priced into MDT. Medtronic's days of double-digit annual growth may well be behind it, but it's not finished increasing earnings or dividends. MDT stock likely isn't finished rising, either.Source: Shutterstock NextEra Energy (NEE)Dividend Yield: 2.42%Utility stocks are among the most common safe, buy-and-hold stocks. NextEra Energy (NYSE:NEE) is now the largest electric utility in the U.S. by market capitalization. That might actually be the only problem with NEE stock.NextEra shares gained 7.6% year-to-date, and trades just off record highs. Potential valuation concerns aside, NextEra looks like a winner. It serves customers in the southern Florida region, still one of the nation's fastest-growing areas. A 21x forward P/E multiple is high for the space but not outlandishly so. And a 2.7% dividend yield provides income along the way. * 10 Best Dividend Stocks to Buy for the Next 10 Months Investors looking for value in the space might look for a smaller play like cheaper Dominion Energy (NYSE:D). But it's usually worth paying for quality, and NextEra Energy looks like one of the best utility stocks out there.Source: Blue Genie via FlickrDividend Yield: 1.7%McCormick & Company (NYSE:MKC) is another quality company whose valuation might spook some investors. But MKC stock very rarely is offered cheap; if it gets below $122, you should consider buying and holding this stock.The company's market leadership in spices and seasonings provides both an impressive moat and protection against economic downturns. MKC stock did dip after the company acquired French's mustard and Frank's RedHot sauce from Reckitt Benckiser (OTCMKTS:RBGLY) at a price that looked a bit high to many investors. But MKC has recovered those gains and then some.Top-line growth for McCormick likely isn't going to be explosive, but it will be steady. The same has been true of MKC stock, which has returned an average of 13% a year over the past decade, including dividends.With continuous cost-cutting initiatives, the contribution from the acquired brands and organic growth (and growth in organic products), MKC still should be able to provide double-digit annual returns going forward as well.Source: Shutterstock Dividend Yield: 2.13%Allstate Corp (NYSE:ALL) long has used the tagline, "You're in good hands," and it's true for Allstate investors as well. ALL stock has almost quadrupled from late-2011 lows. And there could be more upside to come.After all, Allstate isn't particularly expensive, trading at a 15.9 P/E. * The 9 Best Stocks to Invest In During a Manic Market Once any short-term worries subside, ALL should resume its march upward.Source: Shutterstock International Flavors & Fragrances (IFF)Dividend Yield: 1.99%International Flavors & Fragrances (NYSE:IFF) is a company most consumers encounter every day without knowing it and many investors aren't exactly hip to it, either.As its name suggests, the company develops flavors & fragrances across 13 categories, including cosmetics, perfumes, beverages and sweet flavors. Sales and earnings have increased consistently and so has IFF's share price. At a26.79 P/E, IFF does look a bit pricey. But, as with McCormick and other stocks on this list, investors should pay for quality.IFF's hidden, but key role, in so many industries, gives it a great deal of protection against both competition and macro factors. Acquisitions and a growing cosmetic additive business both provide room for growth.Consumers may not know IFF, but investors should.Source: Shutterstock Dividend Yield: 1.15%Lamb Weston (NYSE:LW) was spun off from Conagra Brands (NYSE:CAG) last year. Lamb Weston is the No. 1 potato producer in the United States. In fact, it manufactures the well-known fries at McDonald's (NYSE:MCD), among other restaurant chains.Lamb Weston also has a consumer business (including a small segment that manufactures frozen vegetables), while serving restaurants of all sizes. Health concerns might seem a long-term headwind against the business, but growth has been steady for years, and margins continue to improve.LW is targeting international markets for growth, as French fries have much more limited penetration, while international audiences generally are intrigued by Americanized products.Despite growth and leading market share, LW stock isn't particularly cheap, trading at about 21x next year's earnings. The company did pick up a fair amount of debt in the CAG spinoff. But it's paying that debt down, which should lower interest expense and boost cash flow going forward. * 7 Stocks With Too Much Riding On China With many similar stocks trading at much higher multiples, LW seems to have room for upside. And international growth should offset any health-related concerns in the U.S., should they arise. America's love affair with French fries isn't going to suddenly end, and that should ensure years of stability for Lamb Weston at least.Source: Shutterstock Fortune Brands (FBHS)Dividend Yield: 1.86%Investors are commonly advised to diversify their portfolio. Fortune Brands Home & Security (NYSE:FBHS) has done just that. The company operates in four segments: Cabinets, Plumbing, Doors, and Security. Among its well-known brands are Moen in plumbing, and MasterLock in security.FBHS is more of a cyclical stock than most on this list, and the company no doubt has benefited from the steady, if slow, housing recovery in the U.S. But the company's products also generate relatively stable replacement demand, and a 1.86% dividend yield provides modest, but growing, income.Fortune Brands has been an impressive company since its founding and a solid stock since its 2011 IPO. There may be a bit more volatility here, but that's a worthwhile price to pay for long-term investors. There's enough value in Fortune Brands to ride out any market jitters.Source: Shutterstock Dividend Yield: 1.94%Republic Services (NYSE:RSG) is a bit smaller and likely a lot less well-known than rival Waste Management (NYSE:WM). But in this case, that's not necessarily a bad thing.Republic Services has outgrown its larger competitor in both sales and earnings over the past five years. RSG stock has modestly outperformed WM over the same period as well. Investors appear to believe that will continue, as Republic Services is valued a bit higher than Waste Management, at least based on forward earnings multiples.Both RSG and WM are solid long-term plays. Contracted revenue and steady demand should support both companies for years to come. There's room for further acquisitions in a relatively fragmented space. Republic Services gets the nod here due to slightly better growth and more room for margin improvement. * 7 High-Dividend Stocks Yielding More Than 5% (Plus a Bonus) But investors looking for safe, stable growth can't go wrong with either RSG or WM.As of this writing, Vince Martin was long MKC.Compare Brokers The post 10 'Buy-and-Hold' Stocks to Own Forever appeared first on InvestorPlace.
- Zacks•7 days ago
McCormick (MKC) Gains But Lags Market: What You Should Know
McCormick (MKC) closed at $128.75 in the latest trading session, marking a +0.99% move from the prior day.
- Business Wire•7 days ago
Glancy Prongay & Murray LLP Announces Investigation on Behalf of McCormick & Company Investors
Glancy Prongay & Murray LLP announces an investigation on behalf of McCormick & Company investors concerning the Company and its officers’ possible violations of federal securities laws.
- PR Newswire•8 days ago
McCormick & Company Named to Barron's 100 Most Sustainable Companies List for 2019
HUNT VALLEY, Md., Feb. 11, 2019 /PRNewswire/ -- McCormick & Company, Incorporated (MKC), a global leader in flavor, was recognized as the world's 22nd most sustainable company on the 2019 Barron's 100 Most Sustainable Companies list released by Barron's Magazine in early February. "We are thrilled with our momentum and are honored to be included on the Barron's list of sustainable companies for the second year in a row," said Lawrence Kurzius, Chairman, President and CEO of McCormick. "McCormick's commitment to global sustainability and transparency continues to underpin our responsibility to do what's right for people, communities and the planet.
- Simply Wall St.•8 days ago
Does McCormick & Company, Incorporated (NYSE:MKC) Have A Good P/E Ratio?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! This article is written for those whoRead More...
- Reuters•9 days ago
Premier Foods says CEO Darby will get at least 1 million pound exit deal
Gavin Darby, who led the Mr Kipling cake company from 2013 to the end of January this year, drew investor flak for failing to revive the business after rebuffing a takeover approach from U.S. food maker McCormick & Co Inc. Almost 41 percent of Premier shareholders in July backed an attempt led by activist hedge fund Oasis Management to oust Darby. In November, Darby agreed to step down, but said it didn't have anything to do with the shareholder revolt.
- Markit•11 days ago
See what the IHS Markit Score report has to say about McCormick & Company Inc.
McCormick & Company Inc NYSE:MKCView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate Bearish sentimentShort interest | PositiveShort interest is moderate for MKC with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MKC totaled $16.02 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Financial Times•11 days ago
[$$] Weekend catchup — this week’s personal finance headlines
The UK’s consumer protection regulator declared “a victory for UK holidaymakers” as it revealed an agreement with some of the biggest online hotel booking websites to end misleading practices, write Barney Thompson and Myles McCormick. According to an FCA agreement, the industry is to be encouraged to complete templated documents that will set out more clearly the costs and charges levied on millions of savers.
- Zacks•13 days ago
McCormick (MKC) Dips More Than Broader Markets: What You Should Know
McCormick (MKC) closed at $123.18 in the latest trading session, marking a -1.29% move from the prior day.
- PR Newswire•13 days ago
McCormick & Company to Present at Consumer Analyst Group of New York Conference
HUNT VALLEY, Md. , Feb. 6, 2019 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be presenting at the Consumer Analyst Group of New York (CAGNY) Conference ...
- Engadget•14 days ago
How McCormick and IBM will use AI to create the next big spice
Last October, IBM Research unveiled the Philyra AI as a tool to accelerate the creation of new and novel scents for the fragrance industry. For example, the system can account for alternative raw material complements and substitute them into formulas if the original ingredients aren't available, adjust formulas based on the intended user reaction like "pleasantness" or "gender appropriateness," and even changing the recommended dosage levels based on usage patterns.
- American City Business Journals•14 days ago
A couple of U.S. senators want to restrict corporate share buybacks. Here's how much Greater Baltimore's companies spend.
Companies would not be allowed to buy back their own shares unless they pay employees $15 per hour, provide paid sick leave, and offer pensions and better health benefits under a plan proposed by U.S. Sens. Chuck Schumer and Bernie Sanders.
- Market Realist•15 days ago
Kellogg Stock: Analysts’ Recommendations
Kellogg: Will Q4 Be Disappointing?(Continued from Prior Part)Analysts remain on the sidelinesAnalysts continue to suggest a “hold” rating on Kellogg (K) stock. Analysts’ target price shows a downward trend, which you can see in the following
- American City Business Journals•15 days ago
McCormick partners with IBM on AI to come up with new flavors
McCormick & Co Inc. expects new seasoning blends created using artificial intelligence to hit shelves in the U.S. by late spring.
- Market Realist•15 days ago
Kellogg’s Q4 Sales Might Not Be Impressive
Kellogg: Will Q4 Be Disappointing?(Continued from Prior Part)What to expect?We expect Kellogg (K) to sustain the sales momentum during the fourth quarter. Kellogg’s top line is expected to benefit from its recent acquisitions including the
- CNBC•15 days ago
Now A.I. might decide how your food tastes
Seasoning company McCormick MKC has decided to spice up consumers' lives — using artificial intelligence (AI). The business, which makes condiments from French's Classic Yellow Mustard to McCormick herbs and spices, is working with IBM IBM on an initiative that will analyze its data on taste that has been collected over more than 40 years.
- Motley Fool•15 days ago
Why McCormick Stock Fell 11% in January
Investors reacted harshly to the spice giant's latest earnings report.
- PR Newswire•15 days ago
McCormick & Company and IBM Announce Collaboration Pioneering the Use of Artificial Intelligence in Flavor and Food Product Development
HUNT VALLEY, Md. and YORKTOWN HEIGHTS, N.Y., Feb. 4, 2019 /PRNewswire/ -- McCormick & Company, Incorporated (MKC), a global leader in flavor, and IBM (IBM) today publicly announced their ongoing research collaboration to pioneer the application of artificial intelligence (AI) for flavor and food product development. Using IBM Research AI for Product Composition, McCormick is ushering in a new era of flavor innovation and changing the course of the industry. Product developers across McCormick's global workforce will be able to explore flavor territories more quickly and efficiently using AI to learn and predict new flavor combinations from hundreds of millions of data points across the areas of sensory science, consumer preference and flavor palettes.
- Motley Fool•18 days ago
Is McCormick a Bargain After Its Q4 Stumble?
The spice maker's results were weaker than analysts had wanted, but it would be hard to pin that on an operational cause.
- Investopedia•18 days ago
Investors Shave Defensive Stocks As They Go 'Full Risk On'
As the Federal Reserve signals a pause on raising rates, investors are starting to sell their positions in consumer staples stocks, one of the most popular defensive sectors of 2018. Mahoney Asset Management, for example, has reduced its holdings of consumer stocks such as Molson Coors Brewing Co. (TAP), Tyson Foods Inc. (TSN) and J.M. Smucker Co. (SJM), after buying them as part of a defensive strategy in the fourth quarter.
- Business Wire•19 days ago
Advantage Solutions Appointed as North American Sales Agency of Record for McCormick & Company, Inc.
Advantage Solutions (Advantage) has been appointed as the McCormick & Company, Inc. (MKC) North American sales agency of record across the majority of their U.S. and Canadian business. Advantage is a leading North American provider of business solutions to consumer goods manufacturers and retailers, with a suite of technology-enabled services that includes headquarter sales representation, business intelligence, merchandising, and marketing solutions from the top-ranked promotions and experiential agency in the U.S. for five consecutive years according to Ad Age.
- Motley Fool•19 days ago
3 Stocks to Buy and Hold for the Next 50 Years
Berkshire Hathaway, Alphabet, and McCormick could be perfect "set it and forget it" holdings for your portfolio.
