Mccormick dividend yield calculator – MCCORMICK Increases Dividend to $0.42 per Share, up 7.7%
December 18, 2023
☀️Trending News
MCCORMICK ($NYSE:MKC), a global leader in flavor, is pleased to announce that it has increased its dividend by 7.7%, bringing it up to $0.42 per share. The company produces and distributes a variety of spices and seasonings, as well as condiments, sauces, snacks, meals, and other food products.
Additionally, the company is active in the home and industrial flavor markets, producing flavors for thousands of products around the world. This dividend increase reflects MCCORMICK’s commitment to providing shareholders with consistent returns. As the company continues to expand and innovate its offerings for consumers, it is confident that the dividend will remain at its current rate or higher. For those investors interested in investing in the stock of a global leader in flavor, MCCORMICK presents an ideal opportunity.
Dividends – Mccormick dividend yield calculator
MCCORMICK has announced an increase in their dividend to $0.42 per share, a 7.7% increase from the previous year. Over the past three years, the company has issued an annual dividend per share of $1.54, $1.48, and $1.36 USD respectively. The dividend yields from 2021 to 2023 are estimated to be 1.85%, 1.62%, and 1.47%, with an average dividend yield of 1.65%. With the latest dividend increase, MCCORMICK is showing its commitment to delivering value to shareholders.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mccormick. More…
| Total Revenues | Net Income | Net Margin |
| 6.61k | 647 | 10.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mccormick. More…
| Operations | Investing | Financing |
| 1.06k | -275.7 | -1.01k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mccormick. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.99k | 7.92k | 18.82 |
Key Ratios Snapshot
Some of the financial key ratios for Mccormick are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.1% | -1.3% | 14.7% |
| FCF Margin | ROE | ROA |
| 11.8% | 12.1% | 4.7% |
Analysis – Mccormick Intrinsic Stock Value
At GoodWhale, we have performed an analysis of MCCORMICK‘s financials and our proprietary Valuation Line has suggested that the fair value of MCCORMICK’s share is around $93.8. However, currently the stock is priced at $64.3, which is undervalued by 31.4%. This suggests that this might be a great opportunity for investors to buy MCCORMICK’s stock. More…
Peers
The competition in the spice and flavoring industry is heating up. McCormick & Co Inc, the world’s largest spice company, is facing stiff competition from Nestle SA, Kellogg Co, and Campbell Soup Co. all of which are looking to gain a larger share of the $5 billion global market. While McCormick has long been the leader in the space, its competitors are quickly catching up, thanks to their strong brands and deep pockets.
– Nestle SA ($LTS:0RR6)
Nestle SA is a Swiss multinational food and drink processing conglomerate. The company has a market cap of 298.21B as of 2022 and a Return on Equity of 14.82%. The company was founded in 1866 by Henri Nestle and is headquartered in Vevey, Switzerland. Nestle SA is the world’s largest food company, with over 2,000 brands and operations in 189 countries. The company’s products include baby food, bottled water, cereals, coffee, dairy products, ice cream, pet food, and snacks.
– Kellogg Co ($NYSE:K)
Kellogg Co is a publicly traded company with a market capitalization of 26.13 billion as of 2022. The company has a return on equity of 33.71%. Kellogg Co is engaged in the manufacture and marketing of cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods. The company’s products are marketed under the Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, Morningstar Farms, and Kashi brand names.
– Campbell Soup Co ($NYSE:CPB)
Campbell Soup Company is a food and beverage company. It is engaged in manufacturing and marketing branded convenience food products. The company offers soups, sauces, beverages, biscuits, confectioneries, and prepared dishes. It operates through the following segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment includes soups and sauces in the United States, as well as simple meals, shelf-stable beverages and organic products in the United States and Canada. The Global Biscuits and Snacks segment comprises biscuits, cookies, crackers, salty snacks, and other snacks in Australia, Asia Pacific, Canada, Europe, and Latin America. The Campbell Fresh segment offers refrigerated soups, pasta, sauces, sandwiches, Bolthouse Farms beverages and salad dressings, refrigerated and frozen juices, carrots, and organic salads in the United States. The company was founded by Joseph A. Campbell in 1869 and is headquartered in Camden, NJ.
Summary
McCormick, the global leader in herbs and spices, has seen strong performance in recent years with sustained revenue growth across its segments. Investors may find long-term potential in McCormick, as the company is expected to continue to benefit from the trend towards healthier foods. In addition, McCormick has made strategic acquisitions to expand its product portfolio, both regionally and internationally.
