McCormick & Company, Incorporated (MKC)

Last Closing Price: 71.20 (2023-03-23)

Company Description

McCormick & Company, Inc. is a leading manufacturer, marketer and distributor of spices, seasonings, specialty foods and flavors to the entire food industry across the entire globe. McCormick conducts its business through two segments namely Consumer unit and Flavor Solutions unit. The Consumer Business segment provides spices, herbs, extracts, seasoning blends, sauces, marinades, and specialty foods to the consumer food market. This segment primarily caters to retail outlets like grocery, mass merchandise, warehouse clubs and discount and drug stores among others. The division markets its products under brand names like McCormick, Lawry's, Zatarain's, Thai Kitchen, Simply Asia and Club House in the U.S.; and Ducros, Vahine, Schwartz and Kamis in Europe; and the Middle East and Africa (EMEA). The Flavor Solutions segment sells seasoning blends, natural spices and herbs, wet flavors, coating systems, and compound flavors to food manufacturers and food service customers.

Financials, Fundamental Metrics & Ratios
Revenue (Most Recent Fiscal Year) $6.35B
Net Income (Most Recent Fiscal Year) $682.00M
PE Ratio (Current Year Earnings Estimate) 28.32
PE Ratio (Trailing 12 Months) 28.77
PEG Ratio (Long Term Growth Estimate) 4.09
Price to Sales Ratio (Trailing 12 Months) 3.07
Price to Book Ratio (Most Recent Quarterly Book Value per Share) 4.15
Price to Cash Ratio (Most Recent Annual Cash Flow per Share) 22.06
Pre-Tax Margin (Trailing 12 Months) 12.80%
Net Margin (Trailing 12 Months) 10.74%
Return on Equity (Trailing 12 Months) 14.76%
Return on Assets (Trailing 12 Months) 5.26%
Current Ratio (Most Recent Fiscal Quarter) 0.70
Quick Ratio (Most Recent Fiscal Quarter) 0.30
Debt to Common Equity (Most Recent Fiscal Quarter) 0.78
Inventory Turnover (Trailing 12 Months) 3.07
Book Value per Share (Most Recent Fiscal Quarter) $17.53
Earnings per Share (Most Recent Fiscal Quarter) $0.73
Earnings per Share (Most Recent Fiscal Year) $2.53
Diluted Earnings per Share (Trailing 12 Months) $2.52
Exchange NYSE
Sector Consumer Defensive
Industry Packaged Foods
Common Shares Outstanding 268.10M
Free Float 217.16M
Market Capitalization $19.52B
Average Volume (Last 20 Days) 1.51M
Beta (Past 60 Months) 0.56
Percentage Held By Insiders (Latest Annual Proxy Report) 19.00%
Percentage Held By Institutions (Latest 13F Reports) 79.15%
Annual Dividend (Based on Last Quarter) $1.56
Dividend Yield (Based on Last Quarter) 2.14%