McCormick & Co., Inc. - Ordinary Shares (Non Voting)
MKC
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+ FollowMarket Cap$12.95B
Close$
Earnings Call Q2 2024
June 27, 2024 - AI Summary
McCormick reported a 1% decline in sales for the second quarter, driven by flat pricing and a 1% decline in volume and product mix.
The Consumer segment showed improved volume growth across major markets, particularly in spices and seasonings. However, Flavor Solutions experienced softness in volumes due to slower QSR traffic and customer activities.
The company remains focused on increasing brand marketing investments, accelerating innovation, expanding distribution, and managing price gaps to drive volume growth.
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$47.72
0.8% downside
Current Fair Value
0.8% downsideOvervalued by 0.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $12.95 Billion |
|---|---|
| Enterprise Value | $16.86 Billion |
| Dividend Yield | $1.92 (3.99%) |
| Earnings per Share | $2.94 |
| Beta | 0.64 |
| Outstanding Shares | 269,300,000 |
Return
| Return on Equity | 21.43% |
|---|---|
| Return on Assets | 9.01% |
| Return on Invested Capital | 9.23% |
Valuation & Multiples
| P/E Ratio | 8.67 |
|---|---|
| PEG | -15.29 |
| Price to Sales | 1.72 |
| Price to Book Ratio | 1.72 |
| Enterprise Value to Revenue | 2.19 |
| Enterprise Value to EBIT | 14.93 |
| Enterprise Value to Net Income | 11 |
| Total Debt to Enterprise | 0.25 |
| Debt to Equity | 0.61 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
October 6, 2026
EPS Estimate
$0.75
Average shareholder expectationRevenue Estimate
$1.98 B
Average shareholder expectationNext Earnings Call
Expected Date
January 28, 2027
EPS Estimate
$0.77
Average shareholder expectationRevenue Estimate
$2.11 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.0000▼ 47.00% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 1.29%▼ 88.43% |
|---|---|
| Total Invested | $161.21M▼ 98.68% |
| Investors Holding | 125▼ 865.00% |
ESG Score
No data
About McCormick & Co., Inc.
14,100 employees
CEO: Lawrence Kurzius McCormick & Company, Incorporated is a leading global enterprise engaged in the creation, promotion, and distribution of spices, seasoning mixes, condiments, and various other flavor-enhancing products for the culinary sector. The compan...