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 Video: What is a Stock Split?
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| McCormick & Co. manufactures, markets and distributes spices, seasoning mixes, condiments and other flavor products to the food industry- retailers, food manufacturers and foodservice businesses. Co. also is partner in a number of joint ventures that are involved in the manufacture and sale of flavor products. Co. operates in the following business segments: Consumer, in which Co. markets its products to customers and supplies private label items, also known as store brands; and Flavor Solutions, which provides a range of flavor solutions including seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. According to our McCormick and stock split history records, McCormick and has had 3 splits. | |
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McCormick and (MKC) has 3 splits in our McCormick and stock 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 McCormick and stock 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 McCormick and stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/08/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$34.14 |
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| End price/share: |
$80.61 |
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| Starting shares: |
292.91 |
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| Ending shares: |
350.77 |
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| Dividends reinvested/share: |
$11.86 |
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| Total return: |
182.75% |
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| Average Annual Total Return: |
10.96% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$28,283.99 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/08/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$34.14 |
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| End price/share: |
$80.61 |
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| Dividends collected/share: |
$11.86 |
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| Total return: |
170.87% |
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| Average Annual Total Return: |
10.48% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,084.33 |
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| Years: |
10.00 |
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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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