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McCormick & Company Inc (MKC.N)

MKC.N on New York Stock Exchange

102.99USD
23 May 2018
Change (% chg)

$0.67 (+0.65%)
Prev Close
$102.32
Open
$102.35
Day's High
$103.25
Day's Low
$102.35
Volume
257,110
Avg. Vol
300,150
52-wk High
$111.44
52-wk Low
$91.10

Latest Key Developments (Source: Significant Developments)

McCormick & Co To Use Tax Reform Benefits For U.S. Hourly Employee Bonuses And Wage Increases
Tuesday, 27 Mar 2018 

March 27 (Reuters) - McCormick & Company Inc ::MCCORMICK & COMPANY TO USE TAX REFORM BENEFITS FOR U.S. HOURLY EMPLOYEE BONUSES AND WAGE INCREASES.MCCORMICK-TO REINVEST PART OF INCREMENTAL TAX SAVINGS FROM RECENT U.S. TAX ACT INTO ONE-TIME $1,000 BONUS PAYMENTS FOR ELIGIBLE U.S. HOURLY EMPLOYEES.ALSO ANNOUNCED PLANS TO ACCELERATE HOURLY EMPLOYEE WAGE INCREASES.MCCORMICK - REITERATED PLANS TO USE ITS TAX BENEFITS TO MAKE STRATEGIC INVESTMENTS TO DRIVE GROWTH, RETURN CASH TO SHAREHOLDERS, PAY DOWN DEBT.  Full Article

McCormick and Company Reports Q4 EPS Of $1.32
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Mccormick & Company Inc ::MCCORMICK REPORTS RECORD 2017 FINANCIAL RESULTS AND STRONG GROWTH OUTLOOK FOR 2018.Q4 EARNINGS PER SHARE $1.32.Q4 SALES ROSE 21 PERCENT.Q4 EARNINGS PER SHARE VIEW $1.51 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $4.80 TO $4.90.SEES FY 2018 EARNINGS PER SHARE $6.89 TO $7.14 INCLUDING ITEMS.Q4 EARNINGS PER SHARE $1.54 EXCLUDING ITEMS.IN 2018, COMPANY EXPECTS TO GROW SALES 12% TO 14% COMPARED TO 2017.FY2018 EARNINGS PER SHARE VIEW $4.70, REVENUE VIEW $5.41 BILLION -- THOMSON REUTERS I/B/E/S.WELL ON WAY TO ACHIEVING FOUR-YEAR $400 MILLION GOAL OF COST SAVINGS BY 2019.IN 2018, EXPECT TO EXCEED 4% TO 6% LONG-TERM CONSTANT CURRENCY OBJECTIVE FOR SALES GROWTH.PLAN TO ACHIEVE APPROXIMATELY $100 MILLION IN 2018 COST SAVINGS LED BY CCI PROGRAM.  Full Article

McCormick Announces Increase In Quarterly Dividend
Wednesday, 29 Nov 2017 

Nov 28 (Reuters) - McCormick & Company Inc ::MCCORMICK ANNOUNCES INCREASE IN QUARTERLY DIVIDEND.MCCORMICK & COMPANY INC - ‍DECLARED AN INCREASE IN QUARTERLY DIVIDEND FROM $0.47 TO $0.52 PER SHARE ON ITS COMMON STOCKS​.  Full Article

Reckitt Benckiser sell its food business to McCormick for $4.2 bln
Wednesday, 19 Jul 2017 

July 18 (Reuters) - Reckitt Benckiser Group Plc ::entered into an agreement to sell its food business to McCormick & Company for $4.2 billion on cash-free, debt-free basis.Intends to use the net proceeds form deal to reduce debt.  Full Article

McCormick to acquire Reckitt Benckiser's food division for $4.2 bln
Wednesday, 19 Jul 2017 

July 18 (Reuters) - Mccormick & Company Inc :McCormick to acquire Reckitt Benckiser's food division.Agreed to acquire Reckitt Benckiser's food division from Reckitt Benckiser Group Plc for $4.2 billion.McCormick & Company Inc - combined pro forma 2017 annual net sales are expected to be approximately $5 billion with significant margin accretion.McCormick & Company Inc - will integrate RB Foods into its consumer and industrial segments and will retain brand names of French's, Frank's Redhot and Cattlemen's(®).McCormick expects to achieve cost synergies of approximately $50 million.McCormick - McCormick has obtained committed bridge financing; expects to permanently finance transaction through combination of debt and equity.  Full Article

McCormick & Co increases FY dividend by 9 pct to $1.88 per share
Wednesday, 28 Jun 2017 

June 27 (Reuters) - McCormick & Company Inc ::Increases FY dividend by 9 percent to $1.88 per share.  Full Article

McCormick & Co says CEO Lawrence E. Kurzius' 2016 total compensation $6.5 mln - SEC filing
Friday, 17 Feb 2017 

McCormick & Company Inc :McCormick & Company Inc - CEO Lawrence E. Kurzius' 2016 total compensation $6.5 million versus $2.8 million in 2015 - SEC filing.  Full Article

McCormick & Co says voluntary recall notice for taco seasoning mix
Thursday, 6 Oct 2016 

McCormick & Company Inc : Says recall does not impact any other sizes of McCormick taco seasoning mix or mccormick products . Voluntary recall notice of McCormick 24 oz. Club size original taco seasoning mix due to unlabeled milk allergen .Has received one notice of an allergic reaction related to product covered by this recall.  Full Article

McCormick reports strong Q3 results
Friday, 30 Sep 2016 

McCormick & Company Inc : McCormick reports strong third quarter results and increases 2016 financial outlook . Q3 adjusted earnings per share $1.03 excluding items . Q3 earnings per share $1.00 . Q3 sales rose 3 percent . Q3 earnings per share view $0.94 -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $3.68 to $3.72 . For FY 2016 company expects to grow sales approximately 3%, which is at upper end of its previous range . Qtrly net sales $1.09 billion versus $1.06 billion . Q3 revenue view $1.09 billion -- Thomson Reuters I/B/E/S . Estimated impact of special charges in 2016 is $0.07 compared to $0.37 in 2015 . Sees FY 2016 adjusted earnings per share $3.75 to $3.79 excluding items . FY2016 earnings per share view $3.75 -- Thomson Reuters I/B/E/S .FY2016 revenue view $4.41 billion -- Thomson Reuters I/B/E/S.  Full Article

McCormick & Co says its products not involved recent recalls of turmeric
Thursday, 11 Aug 2016 

Mccormick & Company Inc: Released statement in response to recent recalls of turmeric due to "elevated levels of lead" .No McCormick products are involved in recall of turmeric.  Full Article

BRIEF-McCormick Declares $0.52 Quarterly Dividend

* MCCORMICK DECLARES $0.52 QUARTERLY DIVIDEND Source text for Eikon: Further company coverage: