MKC - McCormick & Company, Incorporated

NYSE - NYSE Delayed Price. Currency in USD
172.67
-0.10 (-0.06%)
At close: 4:00PM EST
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Previous Close172.77
Open174.27
Bid0.00 x 900
Ask0.00 x 1000
Day's Range172.02 - 174.58
52 Week Range119.72 - 174.58
Volume698,129
Avg. Volume652,511
Market Cap22.948B
Beta (5Y Monthly)0.13
PE Ratio (TTM)32.95
EPS (TTM)5.24
Earnings DateJan 27, 2020
Forward Dividend & Yield2.48 (1.44%)
Ex-Dividend DateDec 29, 2019
1y Target Est157.45
  • PR Newswire

    McCormick Continues to Advance Sustainability and Responsibility Agenda - Releases 2019 Purpose-led Performance progress report

    McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today issued its 2019 Purpose-led Performance (PLP) Report, which highlights McCormick's efforts to help improve the health & wellbeing of people, build vibrant communities and make a positive impact on our planet. The company was also recently named the world's 22nd most Sustainable Company and No. 1 in the Food Products Industry for the 4th year in a row by the Corporate Knights Global 100 Sustainability Index.

  • McCormick Appoints Anne Bramman to Board of Directors
    PR Newswire

    McCormick Appoints Anne Bramman to Board of Directors

    McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that Anne Bramman, Chief Financial Officer (CFO) of leading fashion retailer Nordstrom, Inc., has been appointed to the Board of Directors of McCormick effective January 21, 2020.

  • PR Newswire

    McCormick & Company Ranked World's 22nd Most Sustainable Corporation and No. 1 in Food on Corporate Knights 2020 Global 100 Sustainability Index

    McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, was named the world's 22nd most sustainable corporation and No. 1 in the Food Products Industry on the 2020 Global 100 Sustainability Index released today at the World Economic Forum by Corporate Knights. The Company retained its top position among its peers in food.

  • Here's All You Must Note Ahead of McCormick (MKC) Q4 Earnings
    Zacks

    Here's All You Must Note Ahead of McCormick (MKC) Q4 Earnings

    McCormick's (MKC) fourth-quarter fiscal 2019 results are likely to reflect gains from innovation and savings from the CCI program. However, volatile currency movements are concerning.

  • McCormick (MKC) Looks Solid on Innovation & Saving Efforts
    Zacks

    McCormick (MKC) Looks Solid on Innovation & Saving Efforts

    McCormick (MKC) is on track with the CCI program to boost savings. Also, the company's focus on new product launches is augmenting its market share.

  • How Did McCormick & Company, Incorporated (MKC) Compare Against Hedge Fund Darlings in 2019?
    Insider Monkey

    How Did McCormick & Company, Incorporated (MKC) Compare Against Hedge Fund Darlings in 2019?

    Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before 2018's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]

  • How Does McCormick & Company, Incorporated (NYSE:MKC) Stand Up To These Simple Dividend Safety Checks?
    Simply Wall St.

    How Does McCormick & Company, Incorporated (NYSE:MKC) Stand Up To These Simple Dividend Safety Checks?

    Could McCormick & Company, Incorporated (NYSE:MKC) be an attractive dividend share to own for the long haul? Investors...

  • 7 Safe Dividend Stocks for Investors to Buy Right Now
    InvestorPlace

    7 Safe Dividend Stocks for Investors to Buy Right Now

    [Editor's note: "7 Safe Dividend Stocks for Investors to Buy Right Now" was previously published in October 2019. It has since been updated to include the most relevant information available.]Income investors are looking for sources of yield again, as interest rates are low once more and the safe sources of fixed-income yield are drying up.Against that backdrop, conservative dividend stocks look like better and better alternatives to bonds for income investors. We saw a similar trend play out in 2015-16, with rate sensitive stocks soaring. Then, those gave way as the economy picked up steam and investors rushed back into big growth names like the FAANG stocks -- Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2020 Here are seven conservative dividend stocks to buy for income investors. Exxon Mobil (XOM)Source: Shutterstock Dividend Yield: 5%If you're a short-term trader, energy stocks have been a terrible place to be this year. But for dividend investors, the longer this slump drags on, the better.Take Exxon Mobil (NYSE:XOM) for example. XOM stock has gone essentially nowhere since 2005. The combination of plunging natural gas prices and the renewed weakness in crude oil scared everyone out of the sector. But with that mass departure comes opportunity.XOM stock is now yielding 5%. That's its highest level since the early 1990s. It's hard to overstate how pessimistic folks have gotten on oil and gas. But for the big dogs with great balance sheets, like Exxon, this is their time to shine. They can buy up assets from struggling and bankrupt rivals for cents on the dollar, and wait for the cycle to turn.Exxon's management is now planning for aggressive growth at the same time, so many other firms are having to pull back. In fact, Exxon is looking to double cash flow and earnings over the next five years. If it can do so, Exxon stock stock will soar. And you get a 5% dividend yield while you wait. BP (BP)Source: Shutterstock Dividend Yield: 6.45%Exxon isn't the only energy stock worth considering thanks to the latest sell-off in energy shares. Dividend investors should also take a look at BP (NYSE:BP) stock at these prices. BP got itself into hot water ages ago with the Deepwater Horizon tragedy, and the stock has underperformed ever since then.But the company's liabilities associated with that are almost gone now. Meanwhile, the company has greatly cut costs, making itself profitable even in current low-energy-pricing conditions.Skeptics had suggested that BP stock would have to cut its dividend to get through this difficult period for oil and gas companies. Instead, BP was able to maintain its juicy yield. * 10 Best Stocks for 2020 It's worth remembering that the United Kingdom and U.S. have a tax arrangement that ensures investors pay no foreign dividend taxes on their British shareholdings. This makes BP a nice option for dividend investors seeking to diversify their income streams beyond American sources. Kraft Heinz (KHC)Source: Shutterstock Dividend Yield: 5%It has been a great year for consumer staples stocks. In general, the sector has moved sharply higher, and many stalwarts like Hershey (NYSE:HSY) are up 40% or more and hitting new all-time highs. However, not all staples stocks have blasted off.For example, there is Kraft Heinz (NASDAQ:KHC). Kraft Heinz suffered an unbelievable decline from a peak of $90 to $27 in just a few years. Despite involvement from investing legends including Warren Buffett and 3G Capital, Kraft Heinz imploded thanks to failing growth prospects and excessive leverage.But don't count out the condiments and packaged foods maker just yet. The company has sold off non-core assets and adjusted its capital allocation to shore up the balance sheet. Management is changing its branding strategy as well. And at these depressed prices, KHC stock is undervalued even compared to other struggling sector laggards, to say nothing of industry leaders like Hershey and McCormick (NYSE:MKC).Even assuming Kraft Heinz only gets back to comparable enterprise value/EBITDA and price-to-earnings ratios with other lower-tier packaged foods stocks, it should still trade back up to $40 from the current $32 valuation.And at this price, KHC stock yields 5%. In a world that is increasingly starved for meaningful yield, Kraft Heinz will become irresistible to income investors. Hormel Foods (HRL)Source: Shutterstock Dividend Yield: 2.05%Another solid choice in the staples industry at this point is Hormel Foods (NYSE:HRL) stock.Forget about vegan meat for a second, there's way more dividend potential in the real stuff. Hormel is known for its legacy SPAM brand, but it makes a great assortment of lunchmeats, bacon and canned meals as well.It has acquired natural and organic meat brands to appeal to millennial consumers in recent years. It has also diversified in organic nut-butters, guacamole, Mexican salsas and other more youth-orientated products.Hormel stock enjoyed a tremendous run the last time interest rates plummeted a few years ago; HRL stock shot up 50% in six months. Since then, Hormel has traded sideways, however, as investors moved back out of dividend stocks. But its earnings are up 25% over the same period. * 10 Best Stocks for 2020 With investors piling back into yield plays, however, Hormel Foods should soar to new all-time highs. The African swine fever has been a bump in the road. Higher pork prices have hurt margins. But as pricing reverts to normal in 2020, Hormel's earnings per share should soar above $2, supporting a $50 share price based on its historical median earnings ratio.Hormel is the lowest-yielding stock on this list, at 2%. But it is a dividend king with more than 50 years of consecutive dividend hikes.It has consistently grown its dividend (and its earnings) at more than 10% per year for decades now. This means that investors get a starting yield significantly higher than in bonds, with rapid increases to their income stream over time. With dividend aristocrats back in style, HRL stock is heading to new all-time highs. Molson Coors Brewing (TAP)Source: Shutterstock Dividend Yield: 4.2%Turning from food to beer, we have Molson Coors Brewing (NYSE:TAP) stock. The big macro-brewers have seen their stocks implode in recent years based on craft beer fears. And those were valid fears. But note the past tense.In 2018, U.S. craft beer grew just 3% overall, with many of the leading craft brewers showing an outright decline in production. Arguably, craft beer over-expanded, and has now lost its cutting-edge trendiness.Meanwhile, there's still plenty of people that like macro beers, along with cheaper brews in general. The major beer companies still control nearly 80% of the American market after all. And Molson Coors plays to both lanes; it owns leading craft brands such as Blue Moon to complement its mainstream holdings.Why buy TAP stock now though? For one thing, it's at multi-year lows and its decision to rebrand and revamp should add shareholder value. Wells Fargo (WFC)Source: Shutterstock Dividend Yield 3.8%Investors don't like bank stocks much right now. In fact, other than energy, there's little that is more disliked at the moment. And with that comes opportunity.Interest rates have plummeted so rapidly since last year, and the bond market is now pricing in the equivalent of six Fed rate cuts to the long end of the curve.As the rate curve heads back to more normal levels, banks will benefit. Right now, people are pricing in a massive drop in profits for the industry going forward, but this could reverse on a dime. * 10 Best Stocks for 2020 Who wins? Wells Fargo (NYSE:WFC) stock is one obvious winner. Investors have shunned the bank since the account scandals a few years ago. But the bank has thrown out old management and moved on. Meanwhile, the stock price has gone nowhere for many years as capital piles up. This is allowing it to go on an aggressive shareholder return plan now.Wells Fargo is now paying a nearly a 4% dividend yield. On top of that, the company has authorization to repurchase more than 10% of its total outstanding float over the next year. Add it up, and the bank is offering a shareholder yield of nearly 15%. Throw in any improvement in the economic outlook, and we could see WFC stock rise 25% over the next year and pay a generous dividend along the way. PacWest Bancorp (PACW)Source: Shutterstock Dividend Yield: 6.15%The other banking dividend stock to consider today is PacWest Bancorp (NASDAQ:PACW), which offers a dividend yield of over 6% at the moment.Headquartered in Los Angeles, PacWest is a major player in the California market and currently sports a $4.6 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis. In fact, its shares never came close to zero during the panic. The bank has come out stronger and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 10.1 times its trailing earnings.At the time of this writing, Ian Bezek owned BP, PACW, WFC, KHC, MKC, HSY, HRL, and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 9 High-Growth Stocks to Buy Now for Monster Returns * 7 Healthy Dividend Stocks to Buy for Extra Stability The post 7 Safe Dividend Stocks for Investors to Buy Right Now appeared first on InvestorPlace.

  • PR Newswire

    McCormick & Company's 2019 Fourth Quarter Results Conference Call to be Available on the Web

    McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its fourth quarter 2019 financial results on Tuesday, January 28, 2020, at 8:00 a.m. Eastern time. Lawrence Kurzius, Chairman, President & CEO; Mike Smith, Executive Vice President & CFO; and Kasey Jenkins, Vice President Investor Relations will be hosting the call.

  • MoneyShow

    McCormick- A Spicy Stock

    McCormick & Company (MKC) provides flavorful products to the entire food industry, retail outlets, food manufacturers, and food service businesses, asserts Jimmy Mengel, editor of The Crow's Nest.

  • McCormick (MKC) Gains As Market Dips: What You Should Know
    Zacks

    McCormick (MKC) Gains As Market Dips: What You Should Know

    McCormick (MKC) closed at $172.74 in the latest trading session, marking a +0.44% move from the prior day.

  • Thomson Reuters StreetEvents

    Edited Transcript of MKC earnings conference call or presentation 1-Oct-19 12:00pm GMT

    Q3 2019 McCormick & Company Inc Earnings Call

  • Urbem's 'Wonderful Business' Series: Armanino Foods of Distinction
    GuruFocus.com

    Urbem's 'Wonderful Business' Series: Armanino Foods of Distinction

    A food-niche hidden gem Continue reading...

  • Why We Like McCormick & Company, Incorporated’s (NYSE:MKC) 12% Return On Capital Employed
    Simply Wall St.

    Why We Like McCormick & Company, Incorporated’s (NYSE:MKC) 12% Return On Capital Employed

    Today we'll evaluate McCormick & Company, Incorporated (NYSE:MKC) to determine whether it could have potential as an...

  • Hedge Funds Taking A Breather From McCormick & Company, Incorporated (MKC)
    Insider Monkey

    Hedge Funds Taking A Breather From McCormick & Company, Incorporated (MKC)

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • McCormick (MKC) Stock Moves -0.02%: What You Should Know
    Zacks

    McCormick (MKC) Stock Moves -0.02%: What You Should Know

    McCormick (MKC) closed at $169.21 in the latest trading session, marking a -0.02% move from the prior day.

  • Tyson Foods (TSN) Surges YTD Buoyed by Solid Protein Demand
    Zacks

    Tyson Foods (TSN) Surges YTD Buoyed by Solid Protein Demand

    Tyson Foods (TSN) is focused on enhancing portfolio to cater to the rising demand for protein-packed products. Also, its Financial Fitness Program bodes well.

  • 3 Factors That Make McCormick (MKC) an Attractive Pick
    Zacks

    3 Factors That Make McCormick (MKC) an Attractive Pick

    McCormick's (MKC) performance continues to gain from saving initiatives such as CCI. Lucrative buyouts and robust brands also drive growth.

  • Hormel Foods Up on Refrigerated Foods Unit, Cost Woes Linger
    Zacks

    Hormel Foods Up on Refrigerated Foods Unit, Cost Woes Linger

    Hormel Foods' (HRL) Refrigerated Foods unit has been aiding performance for a while now. However, global trade uncertainty and the African swine fever are leading to input cost inflation.

  • Estee Lauder Gains on Solid Online Business, Travel Retail
    Zacks

    Estee Lauder Gains on Solid Online Business, Travel Retail

    Estee Lauder (EL) continues to benefit from brand strength and solid emerging market presence. However, soft traffic in the United States and the U.K is a concern.

  • Central Garden (CENT) Q4 Earnings Lag Estimates, Sales Beat
    Zacks

    Central Garden (CENT) Q4 Earnings Lag Estimates, Sales Beat

    Central Garden's (CENT) bottom-line results for the fiscal fourth quarter fail to impress. It expects to incur first-quarter fiscal 2020 loss of 10-15 cents on softness in the animal health businesses.

  • MarketWatch

    Spice maker McCormick raises dividend

    McCormick and Co. Inc. said late Tuesday its board has authorized a dividend increase to 62 cents a share from 57 cents a share. The dividend is payable Jan. 13 to shareholders of record Dec. 31. Shares of McCormick fell 0.1% in the extended session Tuesday after ending the regular trading day up 1.4%.