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 Video: What is a Stock Split?
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| McCormick & Co., Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the entire food industry, including e-commerce channels, grocery, food manufacturers and foodservice businesses. Co. operates through two business segments: Consumer and Flavor Solutions. In the Consumer segment, it sells its products under the McCormick brand and a variety of brands around the world, including French's, Frank's RedHot, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, Ducros, Vahine, Cholula, Schwartz, Club House, Kamis, DaQiao, La Drogheria, Stubb's, OLD BAY and Gourmet Garden. According to our MKC split history records, McCormick and has had 3 splits. | |
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McCormick and (MKC) has 3 splits in our MKC split history database. The first split for MKC took place on January 21, 1992. This was a 2 for 1
split, meaning for each share of MKC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. MKC's second split took place on April 09, 2002. This was a 2 for 1 split, meaning for each share of MKC owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. MKC's third split took place on December 01, 2020. This was a 2 for 1 split, meaning for each share of MKC owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as McCormick and splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the MKC split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into McCormick and shares, starting with a $10,000 purchase of MKC, presented on a split-history-adjusted basis factoring in the complete MKC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$37.49 |
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| End price/share: |
$73.62 |
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| Starting shares: |
266.74 |
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| Ending shares: |
319.61 |
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| Dividends reinvested/share: |
$12.35 |
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| Total return: |
135.29% |
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| Average Annual Total Return: |
8.94% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,532.60 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$37.49 |
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| End price/share: |
$73.62 |
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| Dividends collected/share: |
$12.35 |
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| Total return: |
129.31% |
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| Average Annual Total Return: |
8.66% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,935.03 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 01/21/1992 | 2 for 1
| | 04/09/2002 | 2 for 1 | | 12/01/2020 | 2 for 1 |
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