People In Business NYSE 3
McCormick & Company director Freeman A. Hrabowski sells 17 October 2017
NEWS BITES - PEOPLE IN BUSINESS
McCormick & Company (NYSE:MKC) Director Freeman A. Hrabowski sold 3,000 shares worth $US296,050 on October 13. The selling price was $US98.68.
HTTP link to original article
|Freeman A. Hrabowski (Reported Selling; trailing 12 months)|
|Month||No. of Shares||Price, USD||Value, USD|
|October 17, 2017||3,000||98.68||296,050|
Original news release
SECTION 1 BIOGRAPHY FREEMAN A. HRABOWSKI, DIRECTOR
Dr. Hrabowski's qualifications include (i) strategic leadership at a large, complex, organization, (ii) governmental experience, and (iii) consumer marketing experience. Dr. Hrabowski has served as the President of the University of Maryland, Baltimore County (UMBC) since 1992, and his strategic leadership of that organization has been widely recognized. In 2008, he was named one of America's Best Leaders by U.S. News & World Report, which in each of the last six years has ranked UMBC the number one "Up and Coming" university in the nation. In 2009, Time Magazine named him one of America's 10 Best College Presidents, and, in 2012, named him as one of the "100 Most Influential People in the World." His career has been devoted to education and to helping students become future leaders in science, technology, and engineering, with a special emphasis on minority and underrepresented groups. In this regard, he was named by President Obama to chair the newly created President's Advisory Commission on Educational Excellence for African-Americans. Dr. Hrabowski's governmental experience includes working closely with the National Institutes of Health, the National Academy of Sciences, the National Science Foundation, and the U.S. Department of Education, as well as various agencies of the State of Maryland. Dr. Hrabowski is also a nationally recognized expert on marketing and recruitment in higher education, and works extensively with colleges and universities around the nation on such matters.
SECTION 2 MCCORMICK & COMPANY, INCORPORATED PRICE PERFORMANCE SCORECARD (NYSE:MKC):
+ McCormick & Company, Incorporated is placed 1,676/2,553 in the BSS News Bites ranking of price performance of NYSE stocks in the past year, a percentile ranking of 34.
2.1 MCap History:
In the past 5 years Market Capitalization has increased by $US11.1 billion from $US751.1 million to $US11.9 billion. Based on a dynamic start date of 5 years ago, there has been only 1 decline in MCap over the last 5 years.
|Price||MCap (US$ B)|
|1 Year ago||$US93.96||11.9|
|2 Years ago||$US82.14||1|
|3 Years ago||$US66.81||0.8|
|4 Years ago||$US64.56||0.8|
|5 Years ago||$US58.95||0.8|
2.2 Moving Annual Return (Trailing 12 months):
Based on a dynamic start date of 5 years ago, the Moving Annual Return has consistently exceeded 2.0%.
|MKC||Close||Dividends||Capital Gain %||% Yield||Annual Return %|
|Last Traded Oct 16||$US99.13||$US2.31||5.5||2.5||8.1|
|1 Year ago||$US93.85||$US1.69||14.1||2.1||16.2|
|2 Years ago||$US82.25||$US1.17||25||1.8||26.7|
|3 Years ago||$US65.83||$US1.48||0.6||2.3||2.9|
|4 Years ago||$US65.42||$US1.36||10.3||2.3||12.6|
Close 5 years ago $US59.30.
2.3 Present Value of $US1000 invested in the past
The present value of $US1000 invested a year ago is $US1,075
|S&P 500 Index||1,005||1,024||1,199|
2.4 Trailing Price Change %
1-Year price change for McCormick & Company was 5.5%. Compared with the S&P 500 Index which rose 19.9% in the year, the relative price change was -14.4%.
|Price Change %||1-Month||3-Month||1-Year|
|Food products sector||-1.1||-0.7||-3.5|
|S&P 500 Index||2.3||4.0||19.9|
SECTION 3 MCCORMICK & COMPANY, INCORPORATED FINANCIALS AND GROWTH PERFORMANCE SCORECARD (NYSE:MKC):
3.1 Key Financials (All figures percent)
EPS Growth has improved from -4.3% in 2013 to 18.6% in 2016, Return on Equity has improved from 18.8% in 2013 to 26.8% in 2016, Operating Margin has improved from 13.4% in 2013 to 14.6% in 2016 and Revenue Growth has improved from 2.7% in 2013 to 2.8% in 2016.
|MKC||Revenue Growth||EPS Growth||Operating Margin||ROE|
5-years average annualized earnings growth rate of 5.8%
+ Revenue growth rate is positive and has seen consecutive rises in recent years. [Year ended, all figures in %]
|Year||Revenue Growth||EPS Growth|
3.4 Performance (All figures in %)
Net Profit Margin 10-year average is 9.0% and Return on Equity 10-year average is 22.1%.
|Operating Profit Margin||14.6||13.9|
|Net Profit Margin||9.9||9.0|
|Return on Equity||26.8||22.1|
|Return on Assets||9.4||8.6|
|Return on Capital Employed||20.1||18.4|
3.5 High Performance Indicators:
|Description||Value||Rank In NYSE Market|
|Turnover in Quarter||$US7.6 billion||In Top Quartile|
|Return on Capital Employed [ROCE] %||20.1||In Top Quartile|
|Return on Assets [ROA] %||9.4||In Top Quartile|
|Price Change %||0.6||In Top Quartile|
SECTION 4 MCCORMICK & COMPANY, INCORPORATED MARKET POSITION AND GLOBAL RANK (NYSE:MKC):
4.1 Market Position
McCormick & Company, Incorporated (NYSE:MKC), NYSE's 14th largest Food Products company by market cap, increased $US5.17 (or 5.5%) in the trailing 12 months to October 16, 2017 to close at $US99.13. Compared with the S&P 500 Index which has risen 19.9% over the same period, this is a relative price change of -14.4%. Average daily volume of 851,529 shares in the trailing year was 1.2 times average daily volume in the previous year. In the trailing 12 months the market cap has declined $US36.2 million.
4.2 Global Rank
Rank in the S&P 500 Index [out of 500 stocks]
|Total Assets (US$)||4.6B||441|
|Net Profit (US$)||472.3M||344|
|Return on Equity %||26.8||100|
|Net Profit Margin %||9.9||239|
|PV$1000 (1Year) US$||1,075||344|
|% Change YTD||6.2||295|
SECTION 5 OTHER DIRECTORS OF MCCORMICK & COMPANY, INCORPORATED
Lawrence Kurzius, Chief Executive Officer & President & Chief Operating Officer & Chief Administrative Officer
Mike Smith, Chief Financial Officer & Executive Vice President
Jacques Tapiero, Director
Gary Rodkin, Director
Michael D. Mangan, Director
Michael Conway, Director
Freeman A. Hrabowski, Director
Margaret M. V. Preston, Director
Alan D. Wilson, Director
Nneka Rimmer, Director
Patricia Little, Director
Maritza G. Montiel, Director
J. Michael Fitzpatrick, Director
Brendan Foley, Director
Jeffery D. Schwartz, Company Secretary & Vice President
SECTION 6 MCCORMICK & COMPANY, INCORPORATED ACTIVITIES
McCormick & Company, Incorporated (McCormick) is a diversified specialty food company and manufactures, markets and distributes flavor products, including spices, herbs, extracts, seasonings and flavorings, and other specialty food products to the entire food industry. The Company's major sales, distribution and production facilities are located in North America and Europe. Additional facilities are located in Central America, Australia, China, Singapore, Thailand and South Africa. The Company operates in two business segments: consumer and industrial. In February 2008, the Company acquired Billy Bee Honey Products Ltd. On July 31, 2008, the Company completed its previously announced purchase from Conopco, Inc., an indirect subsidiary of Unilever N.V.
SECTION 7 RECENT NEWS ON DIRECTORS
7.1 SHAREHOLDER VALUE ADDED BY DIRECTORS
24 September 2017
Jacques Tapiero starts sixth year as McCormick & Company Director
Jacques Tapiero was appointed Director of McCormick & Company (NYSE:MKC) five years ago on September 24, 2012. The shares were up from US$60.3 to US$96.1 and the total annualized return to shareholders (TRS) since appointment is 12%. The present value of USD1,000 (PV1000) invested on the appointment date is now worth US$1,761, a gain of US$592 and dividend reinvested of US$169.
23 September 2017
Margaret M. V. Preston brings three bagger value to McCormick & Company
Margaret M. V. Preston was appointed Director of McCormick & Company (NYSE:MKC) fourteen years ago on September 23, 2003. The present value of USD1,000 (PV1000) invested on the appointment date is $US3,522, for a capital gain of $US2,128 and dividend reinvested of $US394.
7.2 RECENT REPORTED BUYING
04 May 2017
McCormick & Company director Maritza G. Montiel buys
McCormick & Company (NYSE:MKC) Director Maritza G. Montiel bought 2,500 shares worth $US249,050 on May 03. The purchase price was $US99.62.
7.3 RECENT REPORTED SELLING
02 October 2017
McCormick & Company chief financial officer, chief financial officer-north america, executive vice president and senior vice president finance-capital markets Mike Smith sells
McCormick & Company (NYSE:MKC) Chief Financial Officer, Chief Financial Officer-North America, Executive Vice President and Senior Vice President Finance-Capital Markets Mike Smith sold 5,500 shares worth $US564,325 on September 29. The selling price was $US102.60. The shares hit a five-month high on the day.