McCormick & Company, Incorporated is a global leader in flavor. With over $5 billion in annual sales across 160 countries and territories, the company manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Its most popular brands include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick.
Company profile
Ticker
MKC, MKC.V
Exchange
Website
CEO
Lawrence Kurzius
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MCCORMICK & CO
SEC CIK
Corporate docs
Subsidiaries
Billy Bee Honey Products Company • Botanical Food Company • Botanical Food Company, Inc. • Brand Aromatics, Inc • CFCFlavor Holdings SA DE C.V. • The Cholula Food Company LLC • FONA International, LLC • The French's Food Company LLC • The French's Food Company, Inc. • McCormick Foods India Private Limited ...
IRS number
520408290
MKC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
28 Mar 23
DEF 14A
Definitive proxy
17 Feb 23
10-K
2022 FY
Annual report
26 Jan 23
8-K
Results of Operations and Financial Condition
26 Jan 23
10-Q
2022 Q3
Quarterly report
6 Oct 22
8-K
Results of Operations and Financial Condition
6 Oct 22
8-K
Results of Operations and Financial Condition
7 Sep 22
10-Q
2022 Q2
Quarterly report
29 Jun 22
8-K
Results of Operations and Financial Condition
29 Jun 22
8-K
Departure of Directors or Certain Officers
2 May 22
Transcripts
MKC
Earnings call transcript
2023 Q1
28 Mar 23
MKC
Earnings call transcript
2022 Q4
26 Jan 23
MKC
Earnings call transcript
2022 Q3
6 Oct 22
MKC
Earnings call transcript
2022 Q2
29 Jun 22
MKC
Earnings call transcript
2022 Q1
29 Mar 22
MKC
Earnings call transcript
2021 Q4
27 Jan 22
MKC
Earnings call transcript
2021 Q3
30 Sep 21
MKC
Earnings call transcript
2021 Q2
1 Jul 21
MKC
Earnings call transcript
2021 Q1
30 Mar 21
MKC
Earnings call transcript
2020 Q4
28 Jan 21
Latest ownership filings
Financial summary
| Quarter (USD) | Nov 22 | Aug 22 | May 22 | Feb 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Nov 22 | Nov 21 | Nov 20 | Nov 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 334.00 mm | 334.00 mm | 334.00 mm | 334.00 mm | 334.00 mm | 334.00 mm |
| Cash burn (monthly) | 3.30 mm | 1.48 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 13.07 mm | 5.84 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 320.93 mm | 328.16 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 97.3 | 222.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
85.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 910 |
| Opened positions | 108 |
| Closed positions | 90 |
| Increased positions | 319 |
| Reduced positions | 315 |
| 13F shares | Current |
|---|---|
| Total value | 17.69 tn |
| Total shares | 213.40 mm |
| Total puts | 283.30 k |
| Total calls | 200.51 k |
| Total put/call ratio | 1.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 30.18 mm | $2.50 tn |
| BLK Blackrock | 19.68 mm | $1.63 tn |
| State Farm Mutual Automobile Insurance | 16.72 mm | $1.38 tn |
| Fundsmith | 15.50 mm | $1.28 tn |
| STT State Street | 14.42 mm | $1.20 tn |
| Geode Capital Management | 5.30 mm | $438.80 bn |
| BEN Franklin Resources | 4.89 mm | $405.65 bn |
| Fundsmith Investment Services | 4.07 mm | $337.65 bn |
| NTRS Northern Trust | 3.50 mm | $290.11 bn |
| MS Morgan Stanley | 3.41 mm | $282.25 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Mar 23 | Tapiero Jacques | Common Stock - Voting | Option exercise | Acquire M | No | No | 0 | 1,044 | 0.00 | 25,495.549 |
| 15 Mar 23 | Tapiero Jacques | RSU Common Stock - Voting | Option exercise | Dispose M | No | No | 0 | 1,044 | 0.00 | 0 |
| 15 Mar 23 | Little Patricia A | Common Stock - Voting | Option exercise | Acquire M | No | No | 0 | 1,044 | 0.00 | 23,477 |
| 15 Mar 23 | Little Patricia A | RSU Common Stock - Voting | Option exercise | Dispose M | No | No | 0 | 1,044 | 0.00 | 0 |
| 15 Mar 23 | Mangan Michael D | Common Stock - Voting | Option exercise | Acquire M | No | No | 0 | 1,044 | 0.00 | 39,181 |
| 15 Mar 23 | Mangan Michael D | RSU Common Stock - Voting | Option exercise | Dispose M | No | No | 0 | 1,044 | 0.00 | 0 |
| 15 Mar 23 | Rodkin Gary M | Common Stock - Voting | Option exercise | Acquire M | No | No | 0 | 1,044 | 0.00 | 9,511 |
| 15 Mar 23 | Rodkin Gary M | RSU Common Stock - Voting | Option exercise | Dispose M | No | No | 0 | 1,044 | 0.00 | 0 |
| 15 Mar 23 | Vernon W Anthony | Common Stock - Voting | Option exercise | Acquire M | No | No | 0 | 1,044 | 0.00 | 9,227 |
| 15 Mar 23 | Vernon W Anthony | RSU Common Stock - Voting | Option exercise | Dispose M | No | No | 0 | 1,044 | 0.00 | 0 |
News
Why Alibaba Shares Are Trading Higher By Over 8%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
28 Mar 23
McCormick Q1 Highlights: 3% Sales Growth, Earnings Beat, Reaffirms FY23 Outlook & More
28 Mar 23
Earnings Scheduled For March 28, 2023
28 Mar 23
McCormick Reaffirms FY23 Adjusted EPS of $2.56-$2.61 Vs. Consensus Of $2.90
28 Mar 23
McCormick & Co Q1 Adjusted EPS $0.59 Beats $0.51 Estimate, Sales $1.57B Beat $1.54B Estimate
28 Mar 23
Press releases
Thinking about buying stock in McCormick, General Electric, Enphase Energy, Palantir Technologies, or Intel Corp?
28 Mar 23
McCORMICK REPORTS FIRST QUARTER PERFORMANCE AND REAFFIRMS 2023 OUTLOOK
28 Mar 23
McCormick & Company's 2023 First Quarter Results Conference Call to be Available on the Web
1 Mar 23
McCormick & Company to Present at Consumer Analyst Group of New York Conference
6 Feb 23
McCORMICK REPORTS 2022 FINANCIAL RESULTS AND PROVIDES 2023 OUTLOOK
26 Jan 23