mccormick & company, incorporated (nyse: mkc) is a global leader in flavor and one of the most respected and familiar names in the industry. in business for more than 125 years, mccormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry—retail outlets, food manufacturers and food service businesses. the mccormick name represents a trusted source of flavor in millions of kitchens around the globe—in homes and in restaurants. partnerships with farmers and suppliers around the world allow us to provide great-tasting, quality spices with year-over-year consistency that you can trust. no exceptions. our herbs and spices come from 40 different countries, while our brands reach consumers in more than 135 countries and territories. our passion for quality is matched only by our commitment to an innovative and energetic company culture. at mccormick, we believe in respect, recognition, inclusion and collaborat
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
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
1 Apr 24
10-Q
2024 Q1
Quarterly report
26 Mar 24
8-K
Results of Operations and Financial Condition
26 Mar 24
ARS
2023 FY
Annual report to shareholders
15 Feb 24
DEFA14A
Additional proxy soliciting materials
15 Feb 24
DEF 14A
Definitive proxy
15 Feb 24
UPLOAD
Letter from SEC
26 Jan 24
10-K
2023 FY
Annual report
25 Jan 24
8-K
McCORMICK REPORTS 2023 FINANCIAL RESULTS AND PROVIDES 2024 OUTLOOK
25 Jan 24
8-K
McCormick Appoints Terry Thomas to Board of Directors
23 Jan 24
Transcripts
MKC
Earnings call transcript
2024 Q1
26 Mar 24
MKC
Earnings call transcript
2023 Q4
25 Jan 24
MKC
Earnings call transcript
2023 Q3
3 Oct 23
MKC
Earnings call transcript
2023 Q2
29 Jun 23
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
Latest ownership filings
Financial summary
Quarter (USD) | Aug 23 | May 23 | Feb 23 | Nov 22 | |
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Diluted EPS |
Annual (USD) | Nov 22 | Nov 21 | Nov 20 | Nov 19 | |
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Revenue | |||||
Cost of revenue | |||||
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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) | 154.70 mm | 154.70 mm | 154.70 mm | 154.70 mm | 154.70 mm | 154.70 mm |
Cash burn (monthly) | (no burn) | 15.77 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 120.28 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 34.42 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 2.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
83.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 910 |
Opened positions | 88 |
Closed positions | 113 |
Increased positions | 286 |
Reduced positions | 352 |
13F shares | Current |
---|---|
Total value | 15.84 tn |
Total shares | 209.61 mm |
Total puts | 239.30 k |
Total calls | 450.50 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 30.13 mm | $2.28 tn |
BLK Blackrock | 18.58 mm | $1.41 tn |
State Farm Mutual Automobile Insurance | 16.72 mm | $1.26 tn |
Fundsmith | 15.31 mm | $1.16 tn |
STT State Street | 14.15 mm | $1.07 tn |
BAC Bank Of America | 7.30 mm | $552.30 bn |
Geode Capital Management | 5.68 mm | $429.00 bn |
BEN Franklin Resources | 4.89 mm | $370.13 bn |
Fundsmith Investment Services | 4.08 mm | $308.81 bn |
Massachusetts Financial Services | 3.78 mm | $286.03 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Apr 24 | Brendan M Foley | Phantom Stock Common Stock - Voting | Grant | Acquire A | Yes | No | 75.63 | 30.767 | 2.33 k | 9,054.601 |
8 Apr 24 | Sarah Piper | Phantom Stock Common Stock - Voting | Grant | Acquire A | Yes | No | 75.63 | 30.767 | 2.33 k | 1,996.97 |
2 Apr 24 | Schwartz Jeffery D | Common Stock - Non Voting | Gift | Dispose G | No | No | 0 | 160 | 0.00 | 246 |
1 Apr 24 | Little Patricia A | Common Stock - Voting | Sell | Dispose S | No | No | 75.5721 | 10,000 | 755.72 k | 24,732 |
1 Apr 24 | Little Patricia A | Common Stock - Voting | Option exercise | Acquire M | No | No | 49.96 | 10,000 | 499.60 k | 34,732 |
1 Apr 24 | Little Patricia A | Common Stock - Voting | Sell | Dispose S | No | No | 75.5724 | 10,000 | 755.72 k | 24,732 |
1 Apr 24 | Little Patricia A | Common Stock - Voting | Option exercise | Acquire M | No | No | 38.145 | 10,000 | 381.45 k | 34,732 |
1 Apr 24 | Little Patricia A | Options - Right to Buy Common Stock - Voting | Option exercise | Dispose M | No | No | 49.96 | 10,000 | 499.60 k | 0 |
1 Apr 24 | Little Patricia A | Options - Right to Buy Common Stock - Voting | Option exercise | Dispose M | No | No | 38.145 | 10,000 | 381.45 k | 0 |
27 Mar 24 | Ana Sanchez | Options - Right to Buy Common Stock - Voting | Grant | Acquire A | No | No | 76.03 | 23,988 | 1.82 mm | 23,988 |
News
Cognizant (CTSH) Boosts Retail Sector With Latest Partnership
11 Apr 24
Where McCormick & Co Stands With Analysts
2 Apr 24
Argus Research Upgrades McCormick & Co to Buy, Announces $88 Price Target
2 Apr 24
Cognizant Inks New Agreement To Transform And Manage The Global Technology Infrastructure Of McCormick & Company
2 Apr 24
Barclays Maintains Equal-Weight on McCormick & Co, Raises Price Target to $76
28 Mar 24
Press releases
Cognizant signs a large, global infrastructure agreement with McCormick & Company, Inc.
2 Apr 24
McCormick Declares $0.42 Quarterly Dividend
27 Mar 24
McCormick & Company Named to Barron's Most Sustainable U.S. Companies List
28 Feb 24
McCormick & Company to Present at Consumer Analyst Group of New York Conference
6 Feb 24
McCORMICK REPORTS 2023 FINANCIAL RESULTS AND PROVIDES 2024 OUTLOOK
25 Jan 24