McCormick & Company, Incorporated is a global leader in flavor. With over $5 billion in annual sales across 160 countries and territories, the company manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Its most 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. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick.

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. • Kohinoor Speciality Foods India Private Limited ...
IRS number
520408290
MKC stock data
News

McCormick Appoints Brendan Foley As Operations Chief
2 May 22
Looking Into McCormick & Co's Return On Capital Employed
30 Mar 22
Mid-Afternoon Market Update: Dow Surges 250 Points; NeoGenomics Shares Slide
29 Mar 22
Mid-Day Market Update: Crude Oil Down 2.5%; IGM Biosciences Shares Jump
29 Mar 22
Mid-Morning Market Update: Markets Open Higher; McCormick Profit Beats Estimates
29 Mar 22
Press releases
McCormick Recognizes 2022 Unsung Heroes During Virtual Event; Awards $105,000 in Total Scholarships
10 May 22
McCormick Announces 82nd Annual Unsung Heroes Awards Virtual Event
5 May 22
McCormick & Company Recognized as 2022 DiversityInc Top 50 Company
4 May 22
Brendan Foley Named Chief Operating Officer and President for McCormick
2 May 22
Thinking about trading options or stock in Rivian Automotive, McCormick & Company, Apple, UnitedHealth Group, or SBA Communications?
6 Apr 22
Investment data
Securities sold
Number of investors
Calendar
29 Mar 22
20 May 22
30 Nov 22
Financial summary
Quarter (USD) | Feb 22 | Nov 21 | Aug 21 | May 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Nov 21 | Nov 20 | Nov 19 | Nov 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Cash on hand | |||||
Change in cash | |||||
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) | 338.4M | 338.4M | 338.4M | 338.4M | 338.4M | 338.4M |
Cash burn (monthly) | 4.43M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 12.23M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 326.17M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 73.6 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 May 22 | Lisa Manzone | Phantom Stock Common Stock - Voting | Grant | Acquire A | Yes | No | 97.97 | 55.698 | 5.46K | 10,826.58 |
10 May 22 | Brendan M Foley | Phantom Stock Common Stock - Voting | Grant | Acquire A | Yes | No | 97.97 | 17.813 | 1.75K | 6,063.924 |
2 May 22 | Tapiero Jacques | Common Stock - Voting | Option exercise | Acquire M | No | No | 97.94 | 4.693 | 459.63 | 22,770.486 |
2 May 22 | Tapiero Jacques | Phantom Stock Common Stock - Voting | Option exercise | Dispose M | Yes | No | 97.94 | 4.693 | 459.63 | 2,610.179 |
26 Apr 22 | Brendan M Foley | Phantom Stock Common Stock - Voting | Grant | Acquire A | Yes | No | 100.59 | 17.349 | 1.75K | 6,046.111 |
26 Apr 22 | Lisa Manzone | Phantom Stock Common Stock - Voting | Grant | Acquire A | Yes | No | 100.59 | 54.247 | 5.46K | 10,770.882 |
25 Apr 22 | Brendan M Foley | Common Stock - Non Voting | Other | Acquire J | No | No | 95.5354 | 0 | 0 | 702.453 |
25 Apr 22 | Brendan M Foley | Common Stock - Voting | Other | Acquire J | No | No | 95.5354 | 7.881 | 752.91 | 75,129.1 |
25 Apr 22 | Brendan M Foley | Phantom Stock Common Stock - Voting | Other | Acquire J | Yes | No | 102.37 | 21.65 | 2.22K | 6,028.721 |
25 Apr 22 | Lisa Manzone | Phantom Stock Common Stock - Voting | Other | Acquire J | Yes | No | 102.37 | 38.401 | 3.93K | 10,716.635 |
Institutional ownership, Q1 2022
81.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 952 |
Opened positions | 101 |
Closed positions | 102 |
Increased positions | 321 |
Reduced positions | 330 |
13F shares | Current |
---|---|
Total value | 20.26B |
Total shares | 203.12M |
Total puts | 306.4K |
Total calls | 1.02M |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 28.96M | $2.89B |
BLK Blackrock | 20.44M | $2.04B |
State Farm Mutual Automobile Insurance | 16.72M | $1.67B |
Fundsmith | 15.49M | $1.55B |
STT State Street | 13.49M | $1.35B |
BEN Franklin Resources | 4.96M | $495.16M |
Geode Capital Management | 4.95M | $493.24M |
NTRS Northern Trust | 3.62M | $360.78M |
Fundsmith Investment Services | 3.55M | $354.53M |
Capital Research Global Investors | 2.72M | $270.98M |
Financial report summary
?Risks
- A pandemic, including COVID-19, could have an adverse impact on our business, financial condition, and results of operations.
- Damage to our reputation or brand name, loss of brand relevance, increase in use of private label or other competitive brands by customers or consumers, or product quality or safety concerns could negatively impact our business, financial condition or results of operations.
- Customer consolidation, consumer behaviors, and competitive, economic and other pressures facing our customers, may impact our financial condition or results of operations.
- Our profitability may suffer as a result of competition in our markets.
- Our operations may be impaired as a result of disasters, business interruptions or similar events.
- We may not be able to successfully consummate and manage ongoing acquisition, joint venture and divestiture activities which could have an impact on our results.
- An impairment of the carrying value of goodwill or other indefinite-lived intangible assets could adversely affect our results.
- Streamlining actions to reduce fixed costs, simplify or improve processes, and improve our competitiveness may have a negative effect on employee relations.
- If we are unable to fully realize the benefits from our CCI program, our financial results could be negatively affected.
- Fluctuations in foreign currency markets may negatively impact us.
- The on-going effects of the decision by British voters to exit the European Union may negatively impact our operations.
- We face risks associated with certain pension assets and obligations.
- Climate change may negatively affect our business, financial condition and results of operations.
- ESG issues, including those related to climate change and sustainability, may have an adverse effect on our business, financial condition and results of operations and damage our reputation.
- Increases in interest rates or changes in our credit ratings may negatively impact us.
- Uncertain global economic conditions expose us to credit risks from customers and counterparties.
- Our credit ratings impact the cost and availability of future borrowings and, accordingly, our cost of capital.
- We may incur additional indebtedness to finance our acquisitions that may limit our ability to, among other matters, issue additional indebtedness, meet our debt service requirements, react to rising interest rates, comply with certain covenants and compete with less highly leveraged competitors.
- The deterioration of credit and capital markets may adversely affect our access to sources of funding.
- The uncertainty regarding the planned phase-out of LIBOR may negatively impact our operating results.
- The declaration, payment and amount of dividends is made at the discretion of our board of directors and depends on a number of factors.
- Our intellectual property rights, and those of our customers, could be infringed, challenged or impaired, and reduce the value of our products and brands or our business with customers.
- Our operations and reputation may be impaired if our information technology systems fail to perform adequately or if we are the subject of a data breach or cyber-attack.
- If we are not able to successfully implement our business transformation initiative or utilize information technology systems and networks effectively, our ability to conduct our business may be negatively impacted.
- Laws and regulations could adversely affect our business.
- Litigation, legal or administrative proceedings could have an adverse impact on our business and financial condition or damage our reputation.
- Our international and cross-border operations are subject to additional risks.
- The global nature of our business, changes in tax legislation and the resolution of tax uncertainties create volatility in our effective tax rate.
Content analysis
?Positive | ||
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Readability |
H.S. junior Good
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New words:
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Removed:
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Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
2 May 22
8-K/A
Departure of Directors or Certain Officers
5 Apr 22
8-K/A
Departure of Directors or Certain Officers
4 Apr 22
8-K
Financial Statements and Exhibits
4 Apr 22
8-K
Results of Operations and Financial Condition
29 Mar 22
8-K
Regulation FD Disclosure
11 Mar 22
8-K
Results of Operations and Financial Condition
27 Jan 22
8-K
Results of Operations and Financial Condition
30 Sep 21
8-K
Departure of Directors or Certain Officers
12 Aug 21
8-K
Results of Operations and Financial Condition
1 Jul 21
Registration and prospectus
S-8
Registration of securities for employees
30 Mar 22
424B5
Prospectus supplement for primary offering
10 Feb 21
FWP
Free writing prospectus
8 Feb 21
424B5
Prospectus supplement for primary offering
8 Feb 21
S-3ASR
Automatic shelf registration
25 Sep 20
RW
Registration withdrawal request
25 Sep 20
S-3
Shelf registration
25 Sep 20
424B5
Prospectus supplement for primary offering
14 Apr 20
FWP
Free writing prospectus
13 Apr 20
424B5
Prospectus supplement for primary offering
13 Apr 20
Other
UPLOAD
Letter from SEC
31 Mar 21
CORRESP
Correspondence with SEC
21 Mar 21
UPLOAD
Letter from SEC
8 Mar 21
UPLOAD
Letter from SEC
25 Apr 17
CORRESP
Correspondence with SEC
19 Apr 17
CORRESP
Correspondence with SEC
26 Mar 17
UPLOAD
Letter from SEC
22 Mar 17
UPLOAD
Letter from SEC
22 May 14
CORRESP
Correspondence with SEC
21 May 14
CORRESP
Correspondence with SEC
4 May 14
Ownership
4
MCCORMICK & CO / Brendan M Foley ownership change
11 May 22
4
MCCORMICK & CO / Lisa Manzone ownership change
11 May 22
4
MCCORMICK & CO / Jacques Tapiero ownership change
4 May 22
4
MCCORMICK & CO / Lisa Manzone ownership change
28 Apr 22
4
MCCORMICK & CO / Brendan M Foley ownership change
28 Apr 22
4
MCCORMICK & CO / Michael R Smith ownership change
21 Apr 22
4
MCCORMICK & CO / Brendan M Foley ownership change
13 Apr 22
4
MCCORMICK & CO / Lisa Manzone ownership change
13 Apr 22
4
MCCORMICK & CO / Lawrence Erik Kurzius ownership change
1 Apr 22
4
MCCORMICK & CO / Malcolm Swift ownership change
1 Apr 22
Transcripts
2022 Q1
Earnings call transcript
29 Mar 22
2021 Q4
Earnings call transcript
27 Jan 22
2021 Q3
Earnings call transcript
30 Sep 21
2021 Q2
Earnings call transcript
1 Jul 21
2021 Q1
Earnings call transcript
30 Mar 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
29 Sep 20
2020 Q2
Earnings call transcript
25 Jun 20
2020 Q2
Earnings call transcript
25 Jun 20
2020 Q1
Earnings call transcript
31 Mar 20
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