McCormick MKC
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
McCormick (MKC) Business Model and Operations Summary
In its 135-year history, McCormick has become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond consumers, McCormick's customer base includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is extensive, with nearly 40% of sales generated beyond its home turf to 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula, among others.
Key Insights
McCormick (MKC) Core Market Data and Business Metrics
Latest Closing Price
$82.25Market Cap
$22.03 BillionPrice-Earnings Ratio
28.36Total Outstanding Shares
252.68 Million SharesTotal Employees
14,100Dividend
$0.45 Per Share QuarterlyIPO Date
March 11, 1987SIC Description
Miscellaneous Food Preparations & Kindred ProductsPrimary Exchange
New York Stock ExchangeHeadquarters
24 Schilling Road, Hunt Valley, MD, 21031
Historical Stock Splits
If you bought 1 share of MKC before December 1, 2020, you'd have 2 shares today.
| Execution Date | Split Amount |
|---|---|
| December 1, 2020 | 2-for-1 |
Cash Flow Statement
February 29, 2024 to February 28, 2025
| Metric | Value |
|---|---|
| Net Cash Flow From Financing Activities | $-670.60 Million |
| Net Cash Flow, Continuing | $-15.90 Million |
| Net Cash Flow From Operating Activities | $899 Million |
| Net Cash Flow | $-75.20 Million |
| Net Cash Flow From Operating Activities, Continuing | $899 Million |
| Net Cash Flow From Investing Activities | $-244.30 Million |
Income Statement
February 29, 2024 to February 28, 2025
| Metric | Value |
|---|---|
| Income/Loss From Continuing Operations After Tax | $714.50 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0 |
| Benefits Costs and Expenses | $5.84 Billion |
| Net Income/Loss | $776.30 Million |
| Net Income/Loss Attributable To Parent | $784.80 Million |
| Basic Average Shares | $805.50 Million |
Comprehensive Income
February 29, 2024 to February 28, 2025
| Metric | Value |
|---|---|
| Comprehensive Income/Loss | $655.70 Million |
| Other Comprehensive Income/Loss | $-135.60 Million |
| Comprehensive Income/Loss Attributable To Parent | $655.70 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
Balance Sheet
February 29, 2024 to February 28, 2025
| Metric | Value |
|---|---|
| Equity | $5.45 Billion |
| Assets | $12.90 Billion |
| Equity Attributable To Parent | $5.42 Billion |
| Other Non-current Liabilities | $497.40 Million |
| Other Non-current Assets | $6.19 Billion |
| Long-term Debt | $3.85 Billion |
Historical Dividends
Current dividend: $0.45 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Mar 26, 2025 | Apr 21, 2025 | Apr 7, 2025 | $0.45 | Quarterly |
| Nov 19, 2024 | Jan 13, 2025 | Dec 30, 2024 | $0.45 | Quarterly |
| Sep 24, 2024 | Oct 21, 2024 | Oct 7, 2024 | $0.42 | Quarterly |
| Jun 25, 2024 | Jul 22, 2024 | Jul 8, 2024 | $0.42 | Quarterly |
| Mar 27, 2024 | Apr 22, 2024 | Apr 8, 2024 | $0.42 | Quarterly |
| Nov 28, 2023 | Jan 8, 2024 | Dec 29, 2023 | $0.42 | Quarterly |