MARKET COMPOSITE
MKC - McCormick & Co., Inc.5:41:52 PM 4/25/2024
Price
$75.41
-0.44 (-0.58%)
McCormick & Company is a global food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products for the industrial, restaurant, institutional, and home markets. A Fortune 1000 company, McCormick has approximately 12,400 employees. The company headquarters moved from Sparks to Hunt Valley, Maryland in the third quarter of 2018. Willoughby M. McCormick , started the business in Baltimore at age 25 in 1889. From one room and a cellar, he sold his initial products door-to-door which included root beer, flavoring extracts, fruit syrups and juices. Seven years later, McCormick bought the F.G. Emmett Spice Company and entered the spice industry. In 1903, Willoughby and his brother Roberdeau incorporated the company in Maine; they reincorporated in Maryland in 1915. Most of the company's assets and records were destroyed in the Great Baltimore Fire of February 1904. However, they constructed a new five-story building on the same site within 10 months in 1905.
Financials
Quarterly financials
(USD)Feb 2024Q/Q
Revenue1.6B-9%
Gross Profit599.3MM-15%
Cost Of Revenue1B-5%
Operating Income233.5MM-21%
Operating Expenses365.8MM-
Net Income166MM-24%
G&A361.6MM-7%
Interest Expense50.3MM-5%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Stock news