McCormick & Company, Incorporated (NYSE:MKC)

McCormick & Company, Incorporated MKC

Consumer Defensive - Packaged Foods - NYSE - US

Watchlist

$ 73.97

-1.27 %

$ 19.8 B

Market Cap

25.42

P/E

1. INTRINSIC VALUE

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia.[ Read More ]

The intrinsic value of one MKC stock under the base case scenario is HIDDEN Compared to the current market price of 74 USD, McCormick & Company, Incorporated is HIDDEN

MKC Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart MKC

FINANCIALS

Annual
Quarterly

6.66 B REVENUE

Growth Rates

1Year 4.91%

3Years 5.95%

5Years 4.67%

7Years 6.07%

10Years 4.91%

963 M OPERATING INCOME

Growth Rates

1Year 11.51%

3Years -1.23%

5Years 1.56%

7Years 5.99%

10Years 5.75%

681 M NET INCOME

Growth Rates

1Year -0.21%

3Years -3.07%

5Years -6.12%

7Years 5.36%

10Years 5.75%

1.24 B OPERATING CASH FLOW

Growth Rates

1Year 89.92%

3Years 5.92%

5Years 8.54%

7Years 9.44%

10Years 10.28%

-260 M INVESTING CASH FLOW

Growth Rates

1Year -77.94%

3Years 36.67%

5Years -10.45%

7Years 0.36%

10Years -0.84%

-1.18 B FINANCING CASH FLOW

Growth Rates

1Year -143.06%

3Years -85.28%

5Years -9.53%

7Years -18.01%

10Years -17.02%

1.68 B REVENUE

Growth Rates

1Year 4.91%

3Years 5.95%

5Years 4.67%

7Years 6.07%

10Years 4.91%

286 M OPERATING INCOME

Growth Rates

1Year 11.51%

3Years -1.23%

5Years 1.56%

7Years 5.99%

10Years 5.75%

223 M NET INCOME

Growth Rates

1Year -0.21%

3Years -3.07%

5Years -6.12%

7Years 5.36%

10Years 5.75%

162 M OPERATING CASH FLOW

Growth Rates

1Year 89.92%

3Years 5.92%

5Years 8.54%

7Years 9.44%

10Years 10.28%

-59 M INVESTING CASH FLOW

Growth Rates

1Year -77.94%

3Years 36.67%

5Years -10.45%

7Years 0.36%

10Years -0.84%

-33.7 M FINANCING CASH FLOW

Growth Rates

1Year -143.06%

3Years -85.28%

5Years -9.53%

7Years -18.01%

10Years -17.02%

Balance Sheet Decomposition McCormick & Company, Incorporated

12.9 B ASSETS
7.78 B LIABILITIES

Current Assets	2 B
Cash & Short-Term Investments	167 M
Receivables	588 M
Other Current Assets	1.25 B
Non-Current Assets	10.9 B
Long-Term Investments	264 M
PP&E	1.54 B
Other Non-Current Assets	9.05 B

Current Liabilities	3.1 B
Accounts Payable	1.12 B
Short-Term Debt	1.07 B
Other Current Liabilities	908 M
Non-Current Liabilities	4.68 B
Long-Term Debt	3.52 B
Other Non-Current Liabilities	1.16 B

EFFICIENCY

Earnings Waterfall McCormick & Company, Incorporated

Revenue	6.66 B
Cost Of Revenue	4.16 B
Gross Profit	2.5 B
Operating Expenses	1.48 B
Operating Income	963 M
Other Expenses	282 M
Net Income	681 M

RATIOS

37.56% GROSS MARGIN

Averages

1Year 37.56%

3Years 37.62%

5Years 38.81%

7Years 39.29%

10Years 39.78%

14.45% OPERATING MARGIN

Averages

1Year 14.45%

3Years 14.71%

5Years 15.97%

7Years 15.89%

10Years 15.27%

10.22% NET MARGIN

Averages

1Year 10.22%

3Years 10.97%

5Years 11.88%

7Years 12.41%

10Years 11.72%

13.45% ROE

Averages

1Year 13.45%

3Years 15.05%

5Years 16.92%

7Years 18.95%

10Years 21.02%

5.29% ROA

Averages

1Year 5.29%

3Years 5.45%

5Years 5.86%

7Years 6.14%

10Years 7.20%

7.95% ROIC

Averages

1Year 7.95%

3Years 7.71%

5Years 8.43%

7Years 8.97%

10Years 10.58%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis McCormick & Company, Incorporated

Net Income	681 M
Depreciation & Amortization	199 M
Capital Expenditures	-264 M
Stock-Based Compensation	63.4 M
Change in Working Capital	269 M
Others	139 M
Free Cash Flow	973 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets McCormick & Company, Incorporated

Wall Street analysts predict an average 1-year price target for MKC of $80.6 , with forecasts ranging from a low of $69 to a high of $93 .

MKC Lowest Price Target Wall Street Target

69 USD -6.72%

MKC Average Price Target Wall Street Target

80.6 USD 8.94%

MKC Highest Price Target Wall Street Target

93 USD 25.73%

4. DIVIDEND ANALYSIS

0.52% DIVIDEND YIELD

0.42 USD DIVIDEND PER SHARE

5. COMPETITION

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice.

41.7 USD

CAG

Undervalued 56.09%

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments.

69.6 USD

CPB

Undervalued 61.20%

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

53.3 USD

Overvalued 33.83%

General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet.

117 USD

GIS

Undervalued 84.52%

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally.

43.6 USD

HRL

Undervalued 49.30%

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods.

239 USD

SJM

Undervalued 123.93%

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally.

65.8 USD

KHC

Undervalued 111.16%

6. Ownership

Insider Ownership McCormick & Company, Incorporated

Summary
Transactions

Sold

0-3 MONTHS

1.57 M USD 2

3-6 MONTHS

8.53 M USD 2

6-9 MONTHS

2.71 M USD 4

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
6 days ago Nov 11, 2024	Sell 387 K USD	Tapiero Jacques Director	- 5000	77.3405 USD
1 week ago Nov 06, 2024	Sell 395 K USD	MANGAN MICHAEL D Director	- 5000	79 USD
1 week ago Nov 04, 2024	Sell 392 K USD	Tapiero Jacques Director	- 5000	78.3344 USD
2 weeks ago Nov 01, 2024	Sell 392 K USD	MANGAN MICHAEL D Director	- 5000	78.5 USD
3 months ago Aug 15, 2024	Sell 231 K USD	Montiel Maritza Gomez Director	- 3000	76.9141 USD
3 months ago Aug 15, 2024	Sell 524 K USD	Montiel Maritza Gomez Director	- 6816	76.814 USD
4 months ago Jul 17, 2024	Sell 1.88 M USD	Kurzius Lawrence Erik Director	- 25000	75 USD
5 months ago May 21, 2024	Sell 5.9 M USD	Kurzius Lawrence Erik Director	- 80000	73.7503 USD
6 months ago May 14, 2024	Sell 207 K USD	Jenkins Katherine Chief Growth Officer	- 2732	75.9115 USD
6 months ago Apr 22, 2024	Sell 41.4 K USD	Jenkins Katherine Chief Growth Officer	- 552	74.9436 USD
6 months ago Apr 22, 2024	Sell 87 K USD	Jenkins Katherine Chief Growth Officer	- 1174	74.0688 USD
7 months ago Apr 01, 2024	Sell 756 K USD	LITTLE PATRICIA A Director	- 10000	75.5724 USD
7 months ago Apr 01, 2024	Sell 756 K USD	LITTLE PATRICIA A Director	- 10000	75.5721 USD
7 months ago Mar 28, 2024	Sell 539 K USD	Montiel Maritza Gomez Director	- 7000	76.998 USD
9 months ago Feb 15, 2024	Sell 326 K USD	MANGAN MICHAEL D Director	- 5000	65.1993 USD
1 year ago Oct 25, 2023	Sell 129 K USD	Schwartz Jeffery D Vice President, Gen Counsel	- 2000	64.369 USD
1 year ago Aug 21, 2023	Sell 418 K USD	MANGAN MICHAEL D Director	- 5000	83.6284 USD
1 year ago Jul 28, 2023	Sell 234 K USD	Schwartz Jeffery D Vice President, Gen Counsel	- 2600	90.0177 USD
1 year ago Jul 28, 2023	Sell 234 K USD	Schwartz Jeffery D Vice President, Gen Counsel	- 2600	90.0177 USD
1 year ago Jul 26, 2023	Sell 449 K USD	Tapiero Jacques Director	- 5000	89.8844 USD
1 year ago Jul 21, 2023	Sell 315 K USD	Schwartz Jeffery D Vice President, Gen Counsel	- 3600	87.4775 USD
1 year ago May 12, 2023	Sell 3.59 M USD	Kurzius Lawrence Erik Chairman & CEO	- 39906	90.021 USD
1 year ago Feb 17, 2023	Sell 375 K USD	MANGAN MICHAEL D Director	- 5000	75 USD
2 years ago Nov 10, 2022	Sell 410 K USD	MANGAN MICHAEL D Director	- 5000	82 USD
2 years ago Oct 24, 2022	Sell 186 K USD	Kurzius Lawrence Erik Chairman, President & CEO	- 2500	74.3 USD
2 years ago Oct 24, 2022	Sell 186 K USD	Kurzius Lawrence Erik Chairman, President & CEO	- 2500	74.5297 USD
2 years ago Oct 19, 2022	Sell 241 K USD	Foley Brendan M President & COO	- 3200	75.466 USD

7. News

2 Stocks That Could Create Lasting Generational Wealth Time is on your side with these successful stocks. fool.com - 2 days ago

MKC's Flavorful Growth Journey: Strategic Efforts Fuel Momentum McCormick has positioned itself well to navigate challenging macroeconomic conditions and continue its recovery in volume growth across key regions. zacks.com - 4 days ago

Chaffetz weighs in on McCormick Senate orientation snub: What is Schumer going to do? Fox News contributor Jason Chaffetz discusses a FEMA worker's anti-Trump memo, Trump tapping Tom Homan as the next border czar and Senator-elect David McCormick planning to attend Senate orientation despite not receiving an invite. youtube.com - 5 days ago

My Best Dividend Aristocrats For November 2024 The ProShares S&P 500 Dividend Aristocrats ETF went on a great run during Q3, gaining 11.6% during the quarter. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 39 months of tracking these strategies, all 3 strategies are generating a CAGR superior to NOBL while also offering a higher dividend yield. seekingalpha.com - 2 weeks ago

McCormick CEO: Consumers want value, but won't sacrifice flavor McCormick (MKC) held their investor day on Tuesday to discuss the company's long-term objectives. "We spend a lot of time making sure investors understand that we're a very different kind of food company. youtube.com - 3 weeks ago

McCormick & Company is Advancing its Leadership and Differentiation in Flavor The Company Reaffirmed its 2024 Guidance and Provided Expectations for 2028 HUNT VALLEY, Md. , Oct. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, yesterday held an Investor Day at the company's Global Headquarters in Hunt Valley, Maryland. prnewswire.com - 3 weeks ago

McCormick CEO on the state of the consumer, 'swicy' items and growth drivers Brendan Foley, McCormick CEO, joins 'Power Lunch' to discuss the state of the consumer, 'swicy' items and the company's growth drivers. youtube.com - 3 weeks ago

McCormick & Company Announces Investor Day Details HUNT VALLEY, Md. , Oct. 17, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will host an Investor Day on Tuesday, October 22, 2024, at McCormick's Global Headquarters in Hunt Valley, Maryland. prnewswire.com - 1 month ago

2 Overlooked and Unloved Dividend Stocks to Buy and Hold Forever Here are two stocks that have underperformed the S&P 500 but are positioned to rebound and offer a solid dividend. fool.com - 1 month ago

These brands could be hit the hardest by port strike: BofA's Peter Galbo Peter Galbo, BofA Securities analyst, joins CNBC's 'The Exchange' to discuss the impact of the ongoing strike at East and Gulf Coast ports, how long his firm thinks the strike will last, and more. youtube.com - 1 month ago

These consumer-staples stocks could take a hit from the port strike The dockworkers' strike could impact a number of names in the consumer-staples space, warns Bank of America. marketwatch.com - 1 month ago

McCormick: Valuation Already Pricing In Normalized EPS Growth McCormick & Co. benefits from the food-at-home trend, boosting demand for seasonings, but faces challenges in the Flavor Solutions segment due to a weak quick-service restaurant outlook. MKC's valuation is concerning at 27.4x forward PE, with consensus assuming normalized EPS growth, limiting upside potential despite positive volume and margin expansion. The latest earnings report shows flat net sales, but gross profit and EBIT margin improved, driven by positive volume/mix growth in the consumer segment. seekingalpha.com - 1 month ago

8. Profile Summary

McCormick & Company, Incorporated MKC

COUNTRY US

INDUSTRY Packaged Foods

MARKET CAP $ 19.8 B

Dividend Yield 0.52%

Description McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

Contact 24 Schilling Road, Hunt Valley, MD, 21031 https://www.mccormickcorporation.com

IPO Date April 26, 1999

Employees 13800

Officers Ms. Ana Sanchez President of Europe & Middle East and Africa (EMEA) Mr. Jeffery D. Schwartz Vice President, General Counsel & Corporate Secretary Ms. Anju Rao Chief Science Officer Ms. Tabata L. Gomez Chief Marketing Officer Ms. Lori Amos Robinson Vice President of Corporate Communications, Corporate Branding and Culinary Marketing Ms. Faten Freiha Vice President of Investor Relations Mr. Lawrence E. Kurzius Executive Chairman of the Board Mr. Brendan M. Foley President, Chief Executive Officer & Director Ms. Sarah J. Piper Chief Human Relations Officer Ms. Kasey A. Jenkins Chief Growth Officer

Price Chart MKC

McCormick & Company, Incorporated MKC

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