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McCormick & Co., Inc. - MKC STOCK NEWS

Welcome to our dedicated news page for McCormick & Co. (Ticker: MKC), a resource for investors and traders seeking the latest updates and insights on McCormick & Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect McCormick & Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of McCormick & Co.'s position in the market.

Rhea-AI Summary
McCormick & Company, Inc. (MKC) declares a quarterly dividend of $0.42 per share, marking 100 years of consecutive dividend payments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
dividends
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Rhea-AI Summary
McCormick & Company, Inc. reported a 3% sales growth in Q1 2024, with operating income reaching $234 million, a 5% increase. Adjusted earnings per share rose by 7% to $0.63. The company reaffirmed its fiscal 2024 outlook, expecting sales to range between (2)% to 0% compared to 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.52%
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none
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Rhea-AI Summary
McCormick & Company, Incorporated (NYSE: MKC) will host a conference call and webcast to discuss its first quarter 2024 financial results. The event will feature key executives and will be available for replay on the company's website. Investors can access the call and presentation materials online.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
Tags
conferences earnings
Rhea-AI Summary
McCormick & Company, Incorporated (NYSE: MKC) has been recognized on the 2024 Barron's 100 Most Sustainable Companies list, ranking 33rd overall and rising 21 spots from 2023. This is McCormick's sixth appearance on the list, showcasing its commitment to environmental, social, and governance measures. The company's President and CEO, Brendan Foley, highlighted their Purpose-led Performance commitment driving progress towards their goals for 2025 and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
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none
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Rhea-AI Summary
McCormick & Company, Incorporated (MKC) will be presenting at the Consumer Analyst Group of New York (CAGNY) Conference on February 20, 2024. The presentation will be webcast live and a replay will be available on the company's website. Brendan Foley, President & CEO, and Mike Smith, Executive Vice President & CFO, will represent McCormick at the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
conferences
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Rhea-AI Summary
McCormick & Company, Inc. reported a 3% increase in sales for the fourth quarter and 5% increase for fiscal year 2023. Earnings per share grew to $0.81 for the fourth quarter and $2.52 for the fiscal year. The company's 2024 outlook anticipates sales to range between (2)% to 0% compared to 2023, with operating income expected to grow by 8% to 10%. President and CEO Brendan M. Foley expressed confidence in driving improved volume trends in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.29%
Tags
earnings
Rhea-AI Summary
McCormick & Company, Incorporated (MKC) announced the appointment of Terry Thomas, Chief Growth Officer of Flowers Foods, Inc., to its Board of Directors. Mr. Thomas brings over 30 years of experience in the CPG industry and is known for his expertise in sales, marketing, and growth strategy. His deep understanding of the retail landscape and global experience make him a valuable addition to McCormick's board. The appointment is part of the board's commitment to continuous refreshment, ensuring a relevant mix of skills and experiences to complement McCormick's strategy and governance practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
management
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Rhea-AI Summary
McCormick & Company, a global leader in flavor, has been named the world's 49th most sustainable company and No. 1 in the Food Products industry by the Corporate Knights Global 100 Sustainability Index. The company has been featured on this list for the eighth consecutive year and has retained its top position among its food industry peers. McCormick is committed to transitioning to low-carbon renewable energy sources and has made significant progress in achieving its Net-Zero goal by 2050.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
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none
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Rhea-AI Summary
McCormick & Company, Incorporated (NYSE: MKC) to host conference call and webcast for Q4 2023 financial results on January 25, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
Tags
conferences earnings
Rhea-AI Summary
McCormick & Company, Incorporated (NYSE: MKC) has had its net-zero science-based target by 2050 approved by the Science Based Targets initiative (SBTi). The company also had its near-term emission reduction targets approved, with a 42% absolute reduction across Scopes 1, 2, and 3 by 2030. McCormick is a cofounding member of the Supplier Leadership on Climate Transition (S-LOCT) to support suppliers in reducing emissions. The company is committed to achieving full decarbonization through various initiatives, including energy efficiencies, renewable energy transition, waste reduction, regenerative agriculture, and nature-based solutions. McCormick is actively seeking partnerships within its supply chain and inviting other organizations to join them on the journey to net-zero.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
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none
McCormick & Co., Inc.

NYSE:MKC

MKC Rankings

MKC Stock Data

20.63B
266.68M
0.02%
87.5%
2.29%
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US
Hunt Valley

About MKC

mccormick & company, incorporated (nyse: mkc) is a global leader in flavor and one of the most respected and familiar names in the industry. in business for more than 125 years, mccormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry—retail outlets, food manufacturers and food service businesses. the mccormick name represents a trusted source of flavor in millions of kitchens around the globe—in homes and in restaurants. partnerships with farmers and suppliers around the world allow us to provide great-tasting, quality spices with year-over-year consistency that you can trust. no exceptions. our herbs and spices come from 40 different countries, while our brands reach consumers in more than 135 countries and territories. our passion for quality is matched only by our commitment to an innovative and energetic company culture. at mccormick, we believe in respect, recognition, inclusion and collaborat