Company profile

Ticker
MKC
Exchange
CEO
Lawrence Erik Kurzius
Employees
Incorporated in
Location
Fiscal year end
Former names
MCCORMICK & CO
SEC CIK
IRS number
520408290

MKC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

25 Jun 20
14 Jul 20
30 Nov 20

News

Company financial data Financial data

Quarter (USD) May 20 Feb 20 Nov 19 Aug 19
Revenue 1.4B 1.21B 1.48B 1.33B
Net income 195.9M 144.7M 213.4M 191.9M
Diluted EPS 1.46 1.08 1.59 1.43
Net profit margin 13.98% 11.94% 14.37% 14.44%
Operating income 257.4M 194.2M 299.2M 253.5M
Net change in cash 14.2M 15.4M -7.5M 23.5M
Cash on hand 185M 170.8M 155.4M 162.9M
Cost of revenue 821.6M 742.1M 854.8M 789.3M
Annual (USD) Nov 19 Nov 18 Nov 17 Nov 16
Revenue 5.35B 5.3B 4.73B 4.41B
Net income 702.7M 933.4M 477.4M 472.3M
Diluted EPS 5.24 7 3.72 3.69
Net profit margin 13.14% 17.60% 10.09% 10.71%
Operating income 957.7M 891.1M 699.8M 641M
Net change in cash 58.8M -90.2M 68.4M 5.8M
Cash on hand 155.4M 96.6M 186.8M 118.4M
Cost of revenue 3.2B 3.21B 2.94B 2.58B

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
7 Jul 20 Lisa Manzone Phantom Stock Common Stock - Voting Grant Aquire A No 183.14 27.039 4.95K 2,647.734
7 Jul 20 Brendan M Foley Phantom Stock Common Stock - Voting Grant Aquire A No 183.14 8.894 1.63K 1,711.456
6 Jul 20 Swift Malcolm Common Stock - Voting Sell Dispose S No 181.6468 24,600 4.47M 30,863.927
6 Jul 20 Swift Malcolm Common Stock - Voting Option exercise Aquire M No 71.1 24,600 1.75M 55,463.927
6 Jul 20 Swift Malcolm Options - Right to Buy Common Stock - Voting Option exercise Dispose M No 71.1 24,600 1.75M 0
2 Jul 20 Mcmullen Christina M Common Stock - Voting Sell Dispose S No 181.21 2,500 453.03K 1,773
2 Jul 20 Mcmullen Christina M Common Stock - Voting Option exercise Aquire M No 71.1 2,500 177.75K 4,273
2 Jul 20 Mcmullen Christina M Options - Rigth to Buy Common Shares - Voting Option exercise Dispose M No 71.1 2,500 177.75K 0
2 Jul 20 Preston Margaret M V Common Stock - Voting Sell Dispose S No 181.7985 8,408 1.53M 33,134.942
75.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 802 867 -7.5%
Opened positions 69 115 -40.0%
Closed positions 134 76 +76.3%
Increased positions 264 274 -3.6%
Reduced positions 331 317 +4.4%
13F shares
Current Prev Q Change
Total value 134.61B 147.16B -8.5%
Total shares 93.71M 96.3M -2.7%
Total puts 329.4K 299.5K +10.0%
Total calls 328.2K 362.6K -9.5%
Total put/call ratio 1.0 0.8 +21.5%
Largest owners
Shares Value Change
Vanguard 15.14M $2.14B +1.4%
BLK BlackRock 10.26M $1.45B +0.1%
State Farm Mutual Automobile Insurance 8.79M $1.24B 0.0%
STT State Street 6.82M $962.7M +0.3%
BEN Franklin Resources 2.57M $363.48M -3.1%
Geode Capital Management 2.01M $283.35M +0.5%
NTRS Northern Trust 1.53M $215.55M +4.3%
WFC^Z Wells Fargo & Company 1.32M $186.7M +20.1%
California Public Employees Retirement System 987.96K $139.51M -2.3%
N Price T Rowe Associates 985.95K $139.23M +2.7%
Largest transactions
Shares Bought/sold Change
Clearbridge Advisors 12.22K -2.16M -99.4%
Norges Bank 0 -993.83K EXIT
Renaissance Technologies 671.75K +671.75K NEW
AustralianSuper Pty 617.86K +617.86K NEW
Capital Research Global Investors 906.24K +529.51K +140.6%
Epoch Investment Partners 492.11K +492.11K NEW
JHG Janus Henderson 655.66K -480.88K -42.3%
Putnam Investments 409.49K -465.28K -53.2%
FMR 772.11K +425.86K +123.0%
Loomis Sayles & Co L P 95 -388.54K -100.0%

Financial report summary

?
Risks
  • 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, and competitive, economic and other pressures facing our customers, may put pressure on our operating margins and profitability.
  • Our profitability may suffer as a result of competition in our markets.
  • Laws and regulations could adversely affect our business.
  • 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.
  • Our foreign and cross-border operations are subject to additional risks.
  • Fluctuations in foreign currency markets may negatively impact us.
  • The decision by British voters to exit the European Union may negatively impact our operations.
  • Increases in interest rates or changes in our credit ratings may negatively impact us.
  • Our credit ratings impact the cost and availability of future borrowings and, accordingly, our cost of capital.
  • We have incurred additional indebtedness to finance the acquisition of RB Foods and may not be able to meet our debt service requirements.
  • The deterioration of credit and capital markets may adversely affect our access to sources of funding.
  • The uncertainty regarding the potential phase-out of LIBOR may negatively impact our operating results.
  • We face risks associated with certain pension assets and obligations.
  • Uncertain global economic conditions expose us to credit risks from customers and counterparties.
  • 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.
  • The global nature of our business, changes in tax legislation and the resolution of tax uncertainties create volatility in our effective tax rate.
  • Climate change may negatively affect our business, financial condition and results of operations.
  • 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.
  • Litigation, legal or administrative proceedings could have an adverse impact on our business and financial condition or damage our reputation.
  • 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.
  • The declaration, payment and amount of dividends is made at the discretion of our board of directors and depends on a number of factors.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: began, cleaning, degree, deleveraging, elevated, empowered, ensuing, gradually, heavily, incapable, inflationary, judgment, La, loosening, mentioned, pace, phase, phasing, played, predict, predicted, quickly, recover, restaurant, role, sanitation, semiannually, shape, temperature, undertook, unknown, weighted, withdrew
Removed: absent, accounted, Alimentari, assessed, continued, develop, grow, key, longer, presence, promotional, snack, subsequent, updated