News: $MKC McCormick Investors Will Find a Lot to Savor in Its Earnings Report
The spicings, flavorings, and condiments niche has been a good one for McCormick (NYSE: MKC) lately. While other sectors of consumer packaged foods are struggling with flat growth and falling profitability, the spice giant has avoided both of those negative trends. Its fiscal thir...
If you like spices, then you probably know McCormick (NYSE: MKC) quite well. You'll find the spice maker's products on grocery store shelves across the nation, and its spices also go directly into many of the prepared foods that you can buy from restaurants, commercial food-service providers...
News: $MKC McCormick Reports Strong Third Quarter Performance And Increases Full Year Earnings Per Share Outlook
HUNT VALLEY, Md. , Oct. 1, 2019 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2019 and provided its latest financial outlook for fiscal year 2019. Earnin...
Watch This Spicy Trade Level For McCormick & Company Inc
McCormick & Company Inc (MKC:NYSE) is a leading manufacturer of spices, seasoning mixes, condiments and other flavorful products to the food industry. The stock topped out in June 2017 at $106.50 a share. Since that pivot high the stock has traded in a very choppy trading range. Today, MKC stock is trading lower by 0.58 cents to $98.58 a share. The stock looks to have very good daily chart support around the $95.00 area. This support level was where the stock was defended on November 7, 2017. Often, prior support levels will be very good trade levels when retested. Traders should note that the company will report earnings on January 25, 2018 before the opening bell.
My fast money window stock $MCK with averaging gains last tens years. All you need is one folks. With sums of small money Im turning my money into a fortune. Because I believe in sound money and sound company's.
Spices and seasonings maker McCormick & Co. Inc. (MKC: Quote) Tuesday reported a higher first-quarter profit, as sales rose 6 percent with solid increases in both its consumer and industrial businesses. The acquisition of WAPC accounted for a significant portion of sales growth in Consumer business. Both earnings per share as well as revenues topped analysts' expectations.
Looking ahead to the second quarter, the company expects only a slight increase in earnings per share, and reaffirmed its financial outlook for fiscal year 2014.
For the first quarter ended February 28, 2014, the company's net income increased to $82.5 million or $0.62 per share from $76 million or $0.57 per share in the previous year.
That’s a clever way of looking at MKC's business model and is consistent with the observation at the top of #msg-74701516 that increasing global affluence leads to higher protein consumption, and most protein foods require the kind of seasoning that MKC specializes in. Regards, Dew
Nice article which mentions Mccormick in the UK's Investors' Chronicle.
It came to their notice because of a screen they did for companies with a great track record who didn't grievously overpay their CEO and other executives:
"There can be few households in this country who do not have a jar or packet of McCormick herbs or spices lurking in their kitchens. It's the number one in its sector in the USA, Canada, the UK, France, and Spain and its market shares are huge - 40 per cent going on 50 per cent. In these countries, you could characterise McCormick as levying a tiny and unnoticed tax on eating. It has paid a dividend every year since 1925 and has increased it for each of the last 25 years. Compared with Apple or Amazon, it's a plodder. But in stamina terms, its an Olympian."
McCormick & Company (McCormick), Incorporated is engaged manufacturing, marketing and distribution of spices, seasonings, specialty foods and flavorings to the food industry. Its sales, distribution and production facilities are located in North America and Europe. In addition facilities are based in Mexico, Central America, Australia, the People’s Republic of China, Singapore, Thailand and South Africa. The Company operates in two business segments, consumer and industrial. The consumer segment sells spices, herbs, extracts, seasoning blends, sauces, marinades, and specialty foods to the consumer food market under a range of brands globally, including Mc, McCormick, Lawry’s, Zatarain’s, Old Bay, Thai Kitchen, Simply Asia, Ducros, Schwartz, Vahine, Silvo, Club House, El Guapo, Aeroplane, and Billy Bee.