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McCormick & Company Inc (MKC.N)

MKC.N on New York Stock Exchange

126.40USD
17 Aug 2018
Change (% chg)

$1.01 (+0.81%)
Prev Close
$125.39
Open
$125.29
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$126.54
Day's Low
$125.10
Volume
138,754
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244,924
52-wk High
$126.54
52-wk Low
$93.70

Latest Key Developments (Source: Significant Developments)

McCormick & Company Reports Q2 EPS Of $0.93
Thursday, 28 Jun 2018 

June 28 (Reuters) - McCormick & Company Inc ::MCCORMICK REPORTS DOUBLE DIGIT SECOND QUARTER SALES AND PROFIT GROWTH.Q2 ADJUSTED EARNINGS PER SHARE $1.02.Q2 EARNINGS PER SHARE $0.93.Q2 SALES ROSE 19 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.93 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $4.85 TO $4.95.SEES FY 2018 EARNINGS PER SHARE $6.85 TO $6.95.REAFFIRMED ITS 2018 SALES, OPERATING INCOME AND EARNINGS PER SHARE GUIDANCE.FY2018 EARNINGS PER SHARE VIEW $4.92, REVENUE VIEW $5.47 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Mccormick Declares $0.52 Quarterly Dividend
Wednesday, 27 Jun 2018 

June 26 (Reuters) - McCormick & Company Inc ::MCCORMICK DECLARES $0.52 QUARTERLY DIVIDEND.  Full Article

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

REFILE-UPDATE 2-Premier Foods may shed assets to placate investors

LONDON, July 18 Premier Foods said it was open to selling parts of the business and acknowledged it had to speed up its turnaround plans ahead of a showdown with investors who want to replace its Chief Executive Gavin Darby.