McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers rice, spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, 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 brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; McCormick, Aeroplane, and Gourmet Garden brand names in Australia; and Kohinoor brand in India, 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 or wholesalers. 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.
IPO Year:
Exchange: NYSE
Website: mccormickcorporation.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $86.00 → $90.00 | Hold → Buy | TD Cowen |
| 12/9/2024 | $85.00 → $91.00 | Hold → Buy | Jefferies |
| 6/12/2024 | $68.00 → $69.00 | Sell → Neutral | Citigroup |
| 4/2/2024 | Hold → Buy | Argus | |
| 2/1/2024 | $60.00 | Sell | Citigroup |
| 1/22/2024 | Overweight → Equal Weight | Consumer Edge Research | |
| 9/22/2023 | $86.00 | Hold | HSBC Securities |
| 9/13/2023 | $87.00 | Market Perform | TD Cowen |
| 6/6/2023 | $75.00 → $100.00 | Underperform → Buy | BofA Securities |
| 4/14/2023 | $82.00 | Hold | Stifel |
Weston, Missouri, Feb. 04, 2025 (GLOBE NEWSWIRE) -- In step with continued growth and increased consumer demand, the Weston, Missouri-based Holladay Distillery has broken ground on its new Rickhouse D, its fourth in a century of developing the only ironclad rickhouses in the state of Missouri. A giant in Missouri distilling history, Holladay built its first three on-site rickhouses in the early 1900s, 1930, and 1950. Seventy-five years after its last rickhouse, 2025's development will mark Holladay's latest stage of growth in its distilling legacy that dates back to 1856. Holladay's Rickhouse D will be constructed over the course of eight to nine months in partnership with the St. Joseph
HUNT VALLEY, Md., Jan. 28, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, will be presenting at the Consumer Analyst Group of New York (CAGNY) Conference at 4:00 p.m. ET, on February 18, 2025. Representing McCormick will be Brendan Foley, Chairman, President & CEO; and Marcos Gabriel, Executive Vice President & CFO. The presentation will be webcast live via the McCormick website ir.mccormick.com. A replay will be available following the event through the same website. About McCormick McCormick & Company, Incorporated is a global leader in flavor. With over $6.5 billion in annual sales across 150 countries and territories, we manufacture, marke
HUNT VALLEY, Md., Jan. 23, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the fourth quarter and fiscal year ended November 30, 2024 and provided its financial outlook for fiscal year 2025. For the fourth quarter, sales increased 3% from the year-ago period and included a 1% benefit from currency. The sales increase was driven by volume. Earnings per share was $0.80 compared to $0.81 in 2023. Adjusted earnings per share was $0.80 compared to $0.85 in 2023.For fiscal year 2024, sales increased 1% from the prior year, with minimal impact from currency. The sales increase was driven by pricing and volume. Earni
HUNT VALLEY, Md., Jan. 2, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its fourth quarter 2024 financial results on Thursday, January 23, 2025, at 8:00 a.m. Eastern Time. Brendan Foley, Chairman, President & CEO; Marcos Gabriel, Executive Vice President & CFO; and Faten Freiha, Vice President of Investor Relations will be hosting the call. A live audio webcast of the call along with the accompanying presentation materials will be available on the McCormick website ir.mccormick.com. If you are unable to attend the live webcast, the presentation will be archived on the same website. To l
HUNT VALLEY, Md., Nov. 25, 2024 /PRNewswire/ -- Lawrence E. Kurzius, Executive Chairman of the Board of McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, announced that he will end his eight years of service as Chairman on December 31, 2024. Mr. Kurzius will continue as a Board member for McCormick, where he was employed for 22 years. He will not stand for re-election at the Company's annual shareholder meeting in March 2025. Mr. Kurzius transitioned the Chief Executive Officer responsibilities to Brendan Foley in September 2023 and continued to serve as Executive Chairman since that time. McCormick's Board of Directors has appointed Brendan Foley, the Company's Pr
HUNT VALLEY, Md., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared an increase in the quarterly dividend from $0.42 to $0.45 per share on its common stocks, payable January 13, 2025 to shareholders of record December 30, 2024. This marks the Company's 101st year of continuous dividend payments and the 39th consecutive year it has increased its quarterly dividend. Brendan M. Foley, President & CEO, said "McCormick is a growth company. We are committed to advancing our leadership and our differentiation and creating long-term shareholder value. We are proud to be recognized as a Dividend Aristocrat and I am honored to announce
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. Brendan M. Foley, President and CEO, along with members of McCormick's leadership team shared plans to drive sustainable growth by leveraging its competitive advantages and successfully executing on its proven strategies. Investor Day Financial Highlights McCormick reaffirmed all components of its 2024 Outlook which was previously announced on October 1, 2024 during its earnings call. The Company antici
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. Brendan Foley, President and CEO, along with members of McCormick's leadership team will discuss the Company's long-term strategy and financial outlook. Attendance in person is by invitation only. Presentations are expected to begin at 8:30 a.m. ET and conclude by 11:30 a.m. ET. The event will be webcast and can be accessed on the Company's Investor Relations website at ir.mccormick.com. A replay of the webcast and presentation materials will be available o
HUNT VALLEY, Md., Oct. 1, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2024 and reaffirmed fiscal 2024 outlook for sales and operating profit. Sales in the third quarter were comparable to the year-ago period, reflecting volume growth of 1%, partially offset by price. Operating income was $287 million in the third quarter compared to $245 million in the year-ago period. Adjusted operating income was $288 million compared to $251 million in the year-ago period. Earnings per share was $0.83 in the third quarter as compared to $0.63 in the year-ago period. Adjusted earnings
HUNT VALLEY, Md., Sept. 24, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable October 21, 2024 to shareholders of record October 7, 2024. This is the 100th year of consecutive dividend payments by the Company. About McCormick McCormick & Company, Incorporated is a global leader in flavor. With over $6.5 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and foodservice businesses. Our most popu
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HUNT VALLEY, Md., Jan. 23, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the fourth quarter and fiscal year ended November 30, 2024 and provided its financial outlook for fiscal year 2025. For the fourth quarter, sales increased 3% from the year-ago period and included a 1% benefit from currency. The sales increase was driven by volume. Earnings per share was $0.80 compared to $0.81 in 2023. Adjusted earnings per share was $0.80 compared to $0.85 in 2023.For fiscal year 2024, sales increased 1% from the prior year, with minimal impact from currency. The sales increase was driven by pricing and volume. Earni
HUNT VALLEY, Md., Jan. 2, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its fourth quarter 2024 financial results on Thursday, January 23, 2025, at 8:00 a.m. Eastern Time. Brendan Foley, Chairman, President & CEO; Marcos Gabriel, Executive Vice President & CFO; and Faten Freiha, Vice President of Investor Relations will be hosting the call. A live audio webcast of the call along with the accompanying presentation materials will be available on the McCormick website ir.mccormick.com. If you are unable to attend the live webcast, the presentation will be archived on the same website. To l
HUNT VALLEY, Md., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared an increase in the quarterly dividend from $0.42 to $0.45 per share on its common stocks, payable January 13, 2025 to shareholders of record December 30, 2024. This marks the Company's 101st year of continuous dividend payments and the 39th consecutive year it has increased its quarterly dividend. Brendan M. Foley, President & CEO, said "McCormick is a growth company. We are committed to advancing our leadership and our differentiation and creating long-term shareholder value. We are proud to be recognized as a Dividend Aristocrat and I am honored to announce
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. Brendan M. Foley, President and CEO, along with members of McCormick's leadership team shared plans to drive sustainable growth by leveraging its competitive advantages and successfully executing on its proven strategies. Investor Day Financial Highlights McCormick reaffirmed all components of its 2024 Outlook which was previously announced on October 1, 2024 during its earnings call. The Company antici
HUNT VALLEY, Md., Oct. 1, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2024 and reaffirmed fiscal 2024 outlook for sales and operating profit. Sales in the third quarter were comparable to the year-ago period, reflecting volume growth of 1%, partially offset by price. Operating income was $287 million in the third quarter compared to $245 million in the year-ago period. Adjusted operating income was $288 million compared to $251 million in the year-ago period. Earnings per share was $0.83 in the third quarter as compared to $0.63 in the year-ago period. Adjusted earnings
HUNT VALLEY, Md., Sept. 24, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable October 21, 2024 to shareholders of record October 7, 2024. This is the 100th year of consecutive dividend payments by the Company. About McCormick McCormick & Company, Incorporated is a global leader in flavor. With over $6.5 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and foodservice businesses. Our most popu
HUNT VALLEY, Md., Aug. 29, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its third quarter 2024 financial results on Tuesday, October 1, 2024, at 8:00 a.m. Eastern Time. Brendan Foley, President & CEO; Mike Smith, Executive Vice President & CFO; Marcos Gabriel, Senior Vice President Global Finance & Capital Markets and Incoming CFO; and Faten Freiha, Vice President of Investor Relations will be hosting the call. A live audio webcast of the call along with the accompanying presentation materials will be available on the McCormick website ir.mccormick.com. If you are unable to attend the
HUNT VALLEY, Md., June 27, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2024 and reaffirmed fiscal 2024 outlook. Sales declined 1% in the second quarter from the year-ago period. In constant currency, sales also declined 1%. These comparisons reflect volume growth in Consumer, offset by volume declines in Flavor Solutions.Operating income was $234 million in the second quarter compared to $222 million in the year-ago period. Adjusted operating income was $236 million compared to $235 million in the year-ago period. Earnings per share was $0.68 in the second quarter as compa
HUNT VALLEY, Md., June 25, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable July 22, 2024 to shareholders of record July 8, 2024. This is the 100th year of consecutive dividend payments by the Company. About McCormick McCormick & Company, Incorporated is a global leader in flavor. With over $6.5 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and foodservice businesses. Our most popular bra
HUNT VALLEY, Md., May 30, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its second quarter 2024 financial results on Thursday, June 27, 2024, at 8:00 a.m. Eastern Time. Brendan Foley, President & CEO; Mike Smith, Executive Vice President & CFO; and Faten Freiha, Vice President of Investor Relations will be hosting the call. A live audio webcast of the call along with the accompanying presentation materials will be available on the McCormick website ir.mccormick.com. If you are unable to attend the live webcast, the presentation will be archived on the same website. To listen to an audio
HUNT VALLEY, Md., May 21, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today announced that Valarie Sheppard, retired Executive Vice President, Controller and Treasurer of the Procter & Gamble Company (P&G) has been appointed to the Board of Directors of McCormick effective June 1, 2024. Ms. Sheppard brings over 35 years of experience in finance and accounting following a stellar career with P&G. Her expertise includes capital deployment and asset management, business process reengineering, acquisitions and divestures, external
HUNT VALLEY, Md., Jan. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that Terry Thomas, Chief Growth Officer of Flowers Foods, Inc. has been appointed to the Board of Directors of McCormick effective January 23, 2024. Mr. Thomas has more than 30 years of domestic and global experience in the CPG industry, spanning across all channels and numerous categories. He brings a deep understanding of the retail landscape with expertise in sales and all key commercial functions. Mr. Thomas is Chief Growth Officer for F
Verification Reinforces McCormick's Commitment to Achieving a Sustainable Future Through Energy Efficiency, Sustainable Agriculture, and Value Chain Engagement HUNT VALLEY, Md., Dec. 11, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, is one of several companies leading the journey to net-zero as it announced today that the Science Based Targets initiative (SBTi) has approved its net-zero science-based target by 2050. "We are proud to have SBTi approve our 2050 net-zero target, but we also realize this is only the first step in a long journey. We have always operated with the mindset that creating a sustainable future is paramount to our continu
HUNT VALLEY, Md., June 1, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today announced the appointment of Ana Sanchez, President-Europe, Middle East and Africa (EMEA), Andrew Foust, President-Americas, and Kasey Jenkins, Chief Growth Officer, to its Management Committee, the Company's highest leadership team. The appointments will be effective June 30, 2023. "I'd like to congratulate Ana, Andrew, and Kasey on their appointments to the Company's Management Committee. As key leaders within the organization, they are making signi
HUNT VALLEY, Md., Dec. 5, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today announced the appointment of Sarah Piper to Chief Human Relations Officer effective December 1, 2022. Ms. Piper has become a member of McCormick's Management Committee. In her new role as Chief Human Relations Officer (CHRO), Ms. Piper is responsible for the development and execution of the Company's global people strategy. Her responsibilities will include talent management, learning, total rewards, diversity, equity and inclusion, employee engag
HUNT VALLEY, Md., May 2, 2022 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, announced the appointment of Brendan Foley to the role of Chief Operating Officer and President, effective June 1, 2022. Brendan will continue to report to Lawrence Kurzius, Chairman and Chief Executive Officer. In this newly created role, Mr. Foley will have responsibility for all of McCormick's business units and its supply chain worldwide. Mr. Foley has been a key leader for McCormick since 2014 when he joined the Company as President of the U.S. Consumer Products Division. He was appointed President North America and added the responsibilities of President Global Cons
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TD Cowen upgraded McCormick from Hold to Buy and set a new price target of $90.00 from $86.00 previously
Jefferies upgraded McCormick from Hold to Buy and set a new price target of $91.00 from $85.00 previously
Citigroup upgraded McCormick from Sell to Neutral and set a new price target of $69.00 from $68.00 previously
Argus upgraded McCormick from Hold to Buy
Citigroup initiated coverage of McCormick with a rating of Sell and set a new price target of $60.00
Consumer Edge Research downgraded McCormick from Overweight to Equal Weight
HSBC Securities initiated coverage of McCormick with a rating of Hold and set a new price target of $86.00
TD Cowen initiated coverage of McCormick with a rating of Market Perform and set a new price target of $87.00
BofA Securities upgraded McCormick from Underperform to Buy and set a new price target of $100.00 from $75.00 previously
Stifel resumed coverage of McCormick with a rating of Hold and set a new price target of $82.00
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