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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.

News
McCormick & Company's 2050 Net-Zero Target Validated by Science Based Targets Initiative
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
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News
McCormick Announces Increase in Quarterly Dividend
Rhea-AI Summary
McCormick & Company, Incorporated (NYSE:MKC) has declared an increase in the quarterly dividend from $0.39 to $0.42 per share on its common stocks, payable January 8, 2024 to shareholders of record December 29, 2023. This marks the 38th consecutive year that the Company has increased its quarterly dividend. Brendan M. Foley, President & CEO, emphasized the company's focus on growth, performance, and people, and the continued execution of proven strategies to deliver sustainable long-term growth and build shareholder value. McCormick has paid dividends each year since 1925.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
dividends
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News
McCORMICK REPORTS STRONG THIRD QUARTER PERFORMANCE
Rhea-AI Summary
McCormick reports 6% sales growth in Q3, with a 6% increase in constant currency. Operating income increases to $245 million. Adjusted earnings per share is $0.65. Cash flow from operations is $660 million. Sales and operating profit outlook for fiscal 2023 reaffirmed. Sales expected to grow by 5-7% in 2023. Operating income expected to grow by 11-13%. Adjusted earnings per share expected to be $2.62-$2.67. Strong cash flow expected.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.46%
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none
News
McCormick Declares $0.39 Quarterly Dividend
Rhea-AI Summary
McCormick & Company declares quarterly dividend of $0.39 per share, marking 99th consecutive year of dividend payments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
dividends
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News
McCormick & Company, Incorporated to Report 2023 Third Quarter Financial Results on October 3, 2023
Rhea-AI Summary
McCormick & Company to conduct Q3 financial results conference call and webcast on October 3, 2023 at 8:00 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
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conferences earnings
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News
McCormick & Company to Participate in the Barclays Global Consumer Staples Conference
Rhea-AI Summary
McCormick & Company to participate in Barclays Global Consumer Staples Conference on September 5, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
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conferences
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McCORMICK REPORTS STRONG SECOND QUARTER PERFORMANCE AND RAISES 2023 PROFIT OUTLOOK
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.52%
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Brendan Foley promoted to McCormick Chief Executive Officer; Lawrence Kurzius to continue as Executive Chairman of the Board
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.52%
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McCormick Declares $0.39 Quarterly Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
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dividends
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McCormick Recognizes 2023 Unsung Heroes During In-Person Event at M&T Bank Stadium; Awards $105,000 in Total Scholarships
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
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Stock MKC logo
McCormick & Co., Inc.

NYSE:MKC

MKC Rankings

#511 Ranked by Market Cap
#3333 Ranked by Stock Gains
#1328 Ranked by Dividends

MKC Stock Data

19.27B
266.64M
0.02%
88.02%
1.99%
All Other Miscellaneous Food Manufacturing
Manufacturing
Link
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