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McCormick & Company Inc (MKC.N)

MKC.N on New York Stock Exchange

102.91USD
18 Jan 2018
Change (% chg)

$0.26 (+0.25%)
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Latest Key Developments (Source: Significant Developments)

McCormick Announces Increase In Quarterly Dividend
Tuesday, 28 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
Tuesday, 27 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
Thursday, 16 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
Wednesday, 5 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

McCormick & Company Q2 earnings per share $0.73
Thursday, 30 Jun 2016 

Mccormick & Company Inc : Qtrly net sales $1.06 billion versus $1.02 billion . Mccormick reports on second quarter results and latest 2016 financial outlook . Q2 adjusted earnings per share $0.75 excluding items . Q2 earnings per share $0.73 . Q2 sales rose 4 percent . Q2 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Sees fy 2016 earnings per share $3.63 to $3.70 . Mccormick & company inc says company expects to grow sales 1% to 3% for fy 2016 . Says reaffirmed its expected growth rate for sales, adjusted operating income and adjusted earnings per share for 2016 . "have increased our cost savings goal for 2016 to a range of $100 million to $110 million" . Mccormick & company inc says for fy 2016 operating income is expected to grow 16% to 19% from $548 million of operating income in 2015 . Excluding impact of special charges, projected range for adjusted earnings per share in 2016 remains $3.68 to $3.75 . Mccormick & company inc says reaffirmed its expectation to grow adjusted operating income 6% to 8% in fy 2016 from adjusted operating income of $614 million in 2015 . Fy2016 earnings per share view $3.74, revenue view $4.41 billion -- Thomson Reuters I/B/E/S .Mccormick & company inc says estimated impact of special charges in 2016 has increased by $0.02 to $0.05.  Full Article

Mccormick & Co announces new executive VP & CFO
Wednesday, 29 Jun 2016 

Mccormick & Company Inc [MKC.N] : Gordon Stetz will continue with company as executive vice president until his retirement on December 31, 2016 .Mccormick announces Michael Smith to become executive VP & CFO and planned retirement of executive VP & CFO Gordon Stetz.  Full Article

BRIEF-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​ Source text for Eikon: Further company coverage: