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NYSE:MCK

McKesson - MCK Stock Forecast, Price & News

$368.56
+1.19 (+0.32%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$364.34
$369.43
50-Day Range
$300.57
$373.84
52-Week Range
$193.89
$375.23
Volume
652,765 shs
Average Volume
1.14 million shs
Market Capitalization
$52.97 billion
P/E Ratio
38.96
Dividend Yield
0.51%
Price Target
$337.62

McKesson MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
8.4% Downside
$337.62 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.01
Upright™ Environmental Score
News Sentiment
0.22mentions of McKesson in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$14.47 M Sold Last Quarter
Proj. Earnings Growth
6.15%
From $24.39 to $25.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Medical Sector

72nd out of 1,119 stocks

Drugs, Proprietaries, & Sundries Industry

2nd out of 8 stocks

MCK stock logo

About McKesson (NYSE:MCK) Stock

McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: U.S. Pharmaceutical, International, Medical-Surgical Solutions, and Prescription Technology Solutions (RxTS). The U.S. Pharmaceutical segment distributes branded, generic, specialty, biosimilar, and over-the-counter pharmaceutical drugs and other healthcare-related products. This segment also provides practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices; and consulting, outsourcing, technological, and other services, as well as sells financial, operational, and clinical solutions to pharmacies. The International segment offers distribution and services to wholesale, institutional, and retail customers in 13 European countries and Canada. The Medical-Surgical Solutions segment provides medical-surgical supply distribution, logistics, and other services to healthcare providers. The RxTS segment serves biopharma and life sciences partners and patients to address medication challenges for patients throughout their journeys; connects pharmacies, providers, payers, and biopharma companies to deliver innovative access and adherence solutions; and provides third-party logistics and wholesale distribution support solutions. McKesson Corporation was founded in 1833 and is headquartered in Irving, Texas.

McKesson Price Performance

Shares of McKesson stock opened at $367.37 on Thursday. The stock's 50-day moving average is $330.54 and its 200 day moving average is $312.34. The firm has a market cap of $52.80 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 1.53 and a beta of 0.63. McKesson has a one year low of $193.89 and a one year high of $375.23.

McKesson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 1st will be given a dividend of $0.54 per share. This is a boost from McKesson's previous quarterly dividend of $0.47. The ex-dividend date is Wednesday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 0.59%. McKesson's payout ratio is presently 19.87%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MCK shares. Argus cut McKesson from a "buy" rating to a "hold" rating in a research note on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft upped their target price on McKesson from $378.00 to $409.00 in a research report on Monday, August 8th. Cowen increased their target price on shares of McKesson to $384.00 in a research note on Tuesday, August 9th. Credit Suisse Group boosted their price target on shares of McKesson from $377.00 to $385.00 and gave the company an "outperform" rating in a report on Monday, August 8th. Finally, Mizuho upped their price objective on shares of McKesson from $331.00 to $345.00 and gave the company a "neutral" rating in a research note on Thursday, August 4th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, McKesson has an average rating of "Moderate Buy" and a consensus target price of $337.62.

Insider Activity at McKesson

In other news, CEO Brian S. Tyler sold 1,535 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $305.20, for a total transaction of $468,482.00. Following the completion of the transaction, the chief executive officer now directly owns 75,737 shares of the company's stock, valued at approximately $23,114,932.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other McKesson news, CEO Brian S. Tyler sold 1,535 shares of the business's stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $305.20, for a total value of $468,482.00. Following the completion of the transaction, the chief executive officer now owns 75,737 shares of the company's stock, valued at approximately $23,114,932.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Britt J. Vitalone sold 27,281 shares of the firm's stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $333.16, for a total value of $9,088,937.96. Following the transaction, the chief financial officer now owns 13,693 shares in the company, valued at $4,561,959.88. The disclosure for this sale can be found here. Insiders have sold 44,396 shares of company stock valued at $14,471,365 over the last ninety days. Corporate insiders own 0.21% of the company's stock.

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MCK Stock News Headlines

States reach deal over marketing, safety of generic opioids
A former opioid manufacturer is agreeing in principle to pay up to $2.4 billion in a deal with a dozen states over its marketing and product safety practices
Cowen Boosts McKesson (NYSE:MCK) Price Target to $384.00
McKesson (NYSE:MCK) Price Target Raised to $400.00
Mizuho Raises McKesson (NYSE:MCK) Price Target to $345.00
What 6 Analyst Ratings Have To Say About McKesson
See More Headlines
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MCK Company Calendar

Last Earnings
10/31/2021
Ex-Dividend for 7/1 Dividend
5/31/2022
Dividend Payable
7/01/2022
Today
8/18/2022
Ex-Dividend for 10/3 Dividend
8/31/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Drugs, proprietaries, & sundries
Sub-Industry
Health Care Distributors
Sector
Medical
CUSIP
58155Q10
Employees
75,000
Year Founded
1833

Price Target and Rating

Average Stock Price Forecast
$337.62
High Stock Price Forecast
$409.00
Low Stock Price Forecast
$230.00
Forecasted Upside/Downside
-8.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$1.11 billion
Pretax Margin
0.88%

Debt

Sales & Book Value

Annual Sales
$263.97 billion
Cash Flow
$31.10 per share
Book Value
($10.24) per share

Miscellaneous

Free Float
143,428,000
Market Cap
$52.97 billion
Optionable
Optionable
Beta
0.63

Social Links


Key Executives

  • Mr. Brian S. Tyler Ph.D.Mr. Brian S. Tyler Ph.D. (Age 55)
    CEO & Director
    Comp: $5.9M
  • Mr. Britt J. VitaloneMr. Britt J. Vitalone (Age 53)
    Exec. VP & CFO
    Comp: $2.63M
  • Ms. Nancy FloresMs. Nancy Flores (Age 54)
    Exec. VP, Chief Information Officer & CTO
    Comp: $1.6M
  • Ms. Lori A. Schechter J.D.Ms. Lori A. Schechter J.D. (Age 60)
    Exec. VP, Chief Legal Officer & Gen. Counsel
    Comp: $2.66M
  • Ms. Tracy L. FaberMs. Tracy L. Faber (Age 52)
    Exec. VP & Chief HR Officer
    Comp: $1.83M
  • Mr. Napoleon B. Rutledge Jr. (Age 50)
    Sr. VP, Controller & Chief Accounting Officer
  • Ms. Holly Weiss
    Sr. VP of Investor Relations
  • Mr. Pete Slone
    Sr. VP of Corp. Public Affairs
  • Mr. Kirk Kaminsky
    Pres of The US Pharmaceutical & Specialty Solutions Bus.
  • Paul A. Smith
    Sr. VP of Taxes













MCK Stock - Frequently Asked Questions

Should I buy or sell McKesson stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McKesson in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MCK shares.
View MCK analyst ratings
or view top-rated stocks.

What is McKesson's stock price forecast for 2022?

12 analysts have issued 1 year price targets for McKesson's shares. Their MCK share price forecasts range from $230.00 to $409.00. On average, they expect the company's share price to reach $337.62 in the next year. This suggests that the stock has a possible downside of 8.4%.
View analysts price targets for MCK
or view top-rated stocks among Wall Street analysts.

How have MCK shares performed in 2022?

McKesson's stock was trading at $248.57 on January 1st, 2022. Since then, MCK stock has increased by 48.3% and is now trading at $368.56.
View the best growth stocks for 2022 here
.

When is McKesson's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our MCK earnings forecast
.

How were McKesson's earnings last quarter?

McKesson Co. (NYSE:MCK) issued its quarterly earnings data on Sunday, October, 31st. The company reported $6.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.66 by $1.49. The firm had revenue of $66.58 billion for the quarter, compared to the consensus estimate of $63.23 billion. McKesson had a net margin of 0.52% and a negative trailing twelve-month return on equity of 350.22%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.80 earnings per share.
Read the conference call transcript
.

How often does McKesson pay dividends? What is the dividend yield for McKesson?

McKesson declared a quarterly dividend on Monday, July 25th. Investors of record on Thursday, September 1st will be given a dividend of $0.54 per share on Monday, October 3rd. This represents a $2.16 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for MCK
.

Is McKesson a good dividend stock?

McKesson (NYSE:MCK) pays an annual dividend of $1.88 per share and currently has a dividend yield of 0.51%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCK will have a dividend payout ratio of 7.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCK.

How will McKesson's stock buyback program work?

McKesson announced that its board has authorized a stock buyback plan on Tuesday, February 2nd 2021, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

What guidance has McKesson issued on next quarter's earnings?

McKesson updated its FY 2023 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $23.95-$24.65 for the period, compared to the consensus EPS estimate of $23.35. The company issued revenue guidance of -.

What is Brian Tyler's approval rating as McKesson's CEO?

220 employees have rated McKesson Chief Executive Officer Brian Tyler on Glassdoor.com. Brian Tyler has an approval rating of 88% among the company's employees.

What other stocks do shareholders of McKesson own?

Based on aggregate information from My MarketBeat watchlists, some companies that other McKesson investors own include Walt Disney (DIS), Johnson & Johnson (JNJ), Gilead Sciences (GILD), CVS Health (CVS), AbbVie (ABBV), Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), UnitedHealth Group (UNH) and Home Depot (HD).

What is McKesson's stock symbol?

McKesson trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCK."

Who are McKesson's major shareholders?

McKesson's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (4.60%), JPMorgan Chase & Co. (3.97%), Massachusetts Financial Services Co. MA (3.41%), FMR LLC (2.16%), Pzena Investment Management LLC (1.69%) and Northern Trust Corp (1.14%). Insiders that own company stock include Brian S Tyler, Brian S Tyler, Britt J Vitalone, Kevin Emerson, Lori A Schechter, Lori A Schechter, Marie L/Ca Knowles, Nancy Flores, Sundeep G Reddy, Sundeep G Reddy, Thomas L Rodgers, Thomas L Rodgers and Tracy Faber.
View institutional ownership trends
.

How do I buy shares of McKesson?

Shares of MCK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is McKesson's stock price today?

One share of MCK stock can currently be purchased for approximately $368.56.

How much money does McKesson make?

McKesson (NYSE:MCK) has a market capitalization of $52.97 billion and generates $263.97 billion in revenue each year. The company earns $1.11 billion in net income (profit) each year or $9.46 on an earnings per share basis.

How many employees does McKesson have?

The company employs 75,000 workers across the globe.

Does McKesson have any subsidiaries?
The following companies are subsidiares of McKesson: A.L.I. Technologies, AMISYS Managed Care Systems, Abaton.com, Access Health, Biologics, Celesio, CoverMyMeds, D & K Healthcare Resources, Drug Trading Co. Ltd., EN-Chart Scanning Program, Echo, Emendo, Enterprise Systems Inc., HBO & Company, HPR, HealthCom Partners, HealthQx, IMNET Systems, LloydsDirect, MED3000, McKesson Europe AG, McKesson Europe Holdings GmbH & Co. KGaA, McKesson Global Procurement & Sourcing Limited, McKesson International Bermuda IP2A Limited, McKesson International Bermuda IP3A Limited, McKesson Ireland Limited, McKesson Medical-Surgical Holdings Inc., McKesson Medical-Surgical Inc., McKesson Medical-Surgical Supply Chain Services LLP, McKesson Medical-Surgical Top Holdings Inc., McKesson Plasma and Biologics LLC, McKesson Specialty Care Distribution LLC, McKesson UK Finance I Limited, McKesson UK Finance II Limited, McKesson US Finance Corporation, McQueary Brothers, MedVentive, Medcon, MediVation Inc., Medical Specialties Distributors, Medis Health And Pharmaceutical Services, Moore Medical, NDCHealth, Oncology Therapeutics Network, PSS World Medical, Per-Se Technologies, Portico Systems, Practice Partner, RedLine HealthCare, RelayHealth, Rexall, Rosebud Solutions, RxCrossroads, Sterling Medical Services LLC, UDG Healthcare, US Oncology, US Oncology Holdings Inc., US Oncology Inc., United Drug (Wholesale) Limited, United Drug Distributors Ireland Limited, Vantage Oncology, Vivalog Technologies, Well.ca, and peerVue.
Read More
When was McKesson founded?

McKesson was founded in 1833.

How can I contact McKesson?

McKesson's mailing address is 6555 STATE HWY 161, IRVING TX, 75039. The official website for the company is www.mckesson.com. The company can be reached via phone at (972) 446-4800, via email at investors@mckesson.com, or via fax at 415-983-8453.

This page (NYSE:MCK) was last updated on 8/18/2022 by MarketBeat.com Staff

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