STOCK TITAN

McCormick & Company, Incorporated Non-VTG CS - MKC STOCK NEWS

Welcome to our dedicated page for McCormick & Company, Incorporated Non-VTG CS news (Ticker: MKC), a resource for investors and traders seeking the latest updates and insights on McCormick & Company, Incorporated Non-VTG CS stock.

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in flavor and has been a trusted name in the industry for over 130 years. Headquartered in Hunt Valley, Maryland, the company manufactures, markets, and distributes a wide array of spices, seasoning mixes, condiments, and other flavorful products to the entire food industry including e-commerce channels, grocery stores, food manufacturers, and food service businesses.

McCormick's broad product portfolio includes popular brands such as 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. These products reach consumers in more than 150 countries and territories around the world.

McCormick's commitment to quality and innovation is evident through its extensive partnerships with farmers and suppliers across 40 different countries, guaranteeing year-over-year consistency and great-tasting quality spices. The company’s relentless focus on sustainability and purpose-led performance has embedded itself into its culture, driving significant achievements and growth.

Recent notable developments include the promotion of Brendan Foley to President and CEO effective September 1, 2023, succeeding Lawrence E. Kurzius who will continue as Executive Chairman. Under Kurzius's leadership, the company saw remarkable growth, including top-tier organic sales growth and the acquisitions of iconic brands like Frank's RedHot, French's, and Cholula.

McCormick reported strong financial performance for the fiscal year 2023, with a significant increase in gross profit margin and operating income. The company has raised its profit outlook for fiscal 2024 due to robust demand across its portfolio and successful cost optimization strategies.

In its continuous efforts to stay ahead in a fast-changing world, McCormick recently entered a transformative agreement with Cognizant to manage its global technology infrastructure. This partnership aims to deliver best-in-class user experiences for McCormick's global workforce and accelerate the company's digital transformation journey.

McCormick is guided by its purpose – To Stand Together for the Future of Flavor – envisioning a world united by healthy, sustainable, and delicious food. For more information, visit McCormick Corporation or follow McCormick & Company on Instagram and LinkedIn.

Rhea-AI Summary

McCormick & Company (NYSE: MKC) will host a conference call on March 29, 2022, at 8:00 a.m. Eastern Time to discuss its first quarter 2022 financial results. Key executives including Lawrence Kurzius and Mike Smith will present during the call. Interested parties can access the live webcast on the company's investor relations page. A replay will be available until April 19, 2022, by calling 877-660-6853 in the U.S. McCormick is a leader in flavor with over $6 billion in annual sales.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
none
-
Rhea-AI Summary

McCormick & Company (NYSE: MKC) will present at the Consumer Analyst Group of New York (CAGNY) Conference on February 23, 2022, at 4:10 p.m. ET. The presentation will feature Lawrence Kurzius, Chairman, President & CEO, and Mike Smith, Executive VP & CFO. Investors can access the live webcast at ir.mccormick.com. An archived version will also be available post-presentation. McCormick, a leading flavor company with over $6 billion in annual sales, operates in 170 countries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
conferences
Rhea-AI Summary

McCormick reported strong financial results for the fourth quarter and fiscal year ended November 30, 2021. Sales rose 13% year-over-year, with a constant currency growth of 11%. Q4 sales increased by 11%, though earnings per share dipped slightly to $0.73. Adjusted EPS for Q4 rose 6% to $0.84. For 2022, McCormick anticipates sales growth of 3%-5% and EPS between $3.07-$3.12, despite a higher tax rate. The company is well-positioned for growth driven by its strategic initiatives and consumer behavior adaptation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.81%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
none
-
Rhea-AI Summary

McCormick & Company (NYSE: MKC) will host a conference call on January 27, 2022, at 8:00 a.m. ET, to discuss its fourth quarter fiscal 2021 results. Participants will include Chairman and CEO Lawrence Kurzius, CFO Mike Smith, and SVP Kasey Jenkins. The call can be accessed via ir.mccormick.com and will be archived post-event. McCormick, a leader in flavor, boasts over $5 billion in annual sales across 160 countries, known for brands such as McCormick, French's, and Frank's RedHot.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
none
Rhea-AI Summary

McCormick & Company (NYSE: MKC) has announced a quarterly dividend increase from $0.34 to $0.37 per share, effective January 10, 2022. This marks the company's 36th consecutive year of dividend increases, and the dividend amount is now double what was paid in 2014. The record date for this dividend is December 31, 2021. McCormick has a long history of paying dividends, having done so since 1925, showcasing its commitment to returning value to shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
dividends
-
Rhea-AI Summary

McCormick & Company, Inc. (NYSE:MKC) has been awarded the inaugural 2021 Terra Carta Seal, recognizing its commitment to sustainable markets. This seal was launched by His Royal Highness, the Prince of Wales, as part of the Sustainable Markets Initiative. McCormick is one of only 44 global firms to receive this honor. The company is acknowledged for its leadership in promoting sustainability and aims for net zero emissions by 2050. Additionally, McCormick ranked sixth in the Global 100 Sustainability Index and was named a United Nations Global Compact Lead Company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
none
-
Rhea-AI Summary

McCormick reported an 8% sales increase for Q3 2021, totaling $921.9 million, supported by acquisitions like Cholula and FONA. Earnings per share rose to $0.79, up from $0.76 the previous year, while adjusted earnings increased by 5% to $0.80. Despite growth, operating income declined to $265 million due to inflation and other cost pressures. For the fiscal year, McCormick revised its sales forecast to 12%-13% growth, reflecting ongoing shifts in consumer behavior and continued pricing strategies to manage inflationary impacts.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.18%
Tags
none
Rhea-AI Summary

McCormick & Company (NYSE: MKC) announced a quarterly dividend of $0.34 per share, payable on October 26, 2021, to shareholders of record on October 12, 2021. This reflects a 10% increase from the previous annual dividend of $1.24 paid in fiscal year 2020, resulting in a current annualized dividend rate of $1.36. This marks McCormick's 97th consecutive year of dividend payments, underpinning its commitment to returning value to shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
dividends

FAQ

What is the current stock price of McCormick & Company, Incorporated Non-VTG CS (MKC)?

The current stock price of McCormick & Company, Incorporated Non-VTG CS (MKC) is $78.03 as of December 24, 2024.

What is the market cap of McCormick & Company, Incorporated Non-VTG CS (MKC)?

The market cap of McCormick & Company, Incorporated Non-VTG CS (MKC) is approximately 20.9B.

What does McCormick & Company do?

McCormick & Company is a global leader in flavor, manufacturing, marketing, and distributing spices, seasoning mixes, condiments, and other flavorful products for the entire food industry.

Who is the current CEO of McCormick & Company?

Brendan Foley is the current President and CEO of McCormick & Company as of September 1, 2023.

Where is McCormick & Company headquartered?

McCormick & Company is headquartered in Hunt Valley, Maryland, USA.

In how many countries does McCormick operate?

McCormick's products reach consumers in more than 150 countries and territories worldwide.

What are some of McCormick’s popular brands?

Some of McCormick’s 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.

What recent changes have occurred in McCormick's leadership?

Brendan Foley was promoted to President and CEO, effective September 1, 2023, and Lawrence E. Kurzius transitioned to Executive Chairman.

What financial achievements did McCormick report for fiscal 2023?

McCormick reported significant increases in gross profit margin and operating income for fiscal 2023 and raised its profit outlook for fiscal 2024.

How is McCormick advancing its digital transformation?

McCormick entered an agreement with Cognizant to transform and manage its global technology infrastructure, accelerating the company's digital transformation journey.

What is McCormick’s commitment to sustainability?

McCormick is committed to sustainability and purpose-led performance, aiming to create a world where healthy, sustainable, and delicious food go hand in hand.

Where can I find more information about McCormick?

For more information, visit McCormick Corporation's website or follow McCormick & Company on Instagram and LinkedIn.

McCormick & Company, Incorporated Non-VTG CS

NYSE:MKC

MKC Rankings

MKC Stock Data

20.94B
264.96M
0.03%
88.39%
1.83%
Packaged Foods
Miscellaneous Food Preparations & Kindred Products
Link
United States of America
HUNT VALLEY