Live Analysis McCormick & Company, Incorporated (MKC) is currently priced at $51.1, reflecting a 1.39% increase from the previous close of $50.4. Trading volume stands at $550,670, 13.18% higher than the average. Notable positive price movement of 70 cents has been observed.
Earnings Overview For the latest quarterly earnings on Monday, March 30th, MKC reported earnings per share of $0.66, surpassing the consensus estimate of $0.61.
Dividends MKC offers a forward dividend yield of 3.76%, with a dividend per share of 48 cents. The year-over-year comparison shows a decrease of 19.2982 cents.
Cash Flow The company exhibits a healthy cash flow position with free cash flow of $50.9 million and a net change in cash of $81.8 million. Cash at the end of the period amounts to $177.7 million.
Income Statement MKC generated $1.87 billion in revenue, leading to a gross profit of $708.9 million. The net income stands at $1 billion with earnings per share of $3.78.
Ratios Key ratios include a net profit margin of 54.23%, return on equity of 14.56%, and a price to earnings ratio of 4.7.
Balance Sheet The balance sheet reveals total assets of $16.35 billion, total liabilities of $8.79 billion, and net debt of $4.74 billion.
This comprehensive financial snapshot of McCormick & Company, Incorporated provides valuable insights for investors.
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.