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NYSE:MKC

McCormick & Company, Incorporated (MKC) Stock Forecast, Price & News

$75.78
+1.13 (+1.51%)
(As of 01:39 PM ET)
Compare
Today's Range
$75.02
$76.13
50-Day Range
$74.09
$89.93
52-Week Range
$70.60
$94.39
Volume
631,612 shs
Average Volume
1.38 million shs
Market Capitalization
$20.33 billion
P/E Ratio
29.26
Dividend Yield
2.06%
Price Target
$83.92

McCormick & Company, Incorporated MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
10.6% Upside
$83.92 Price Target
Short Interest
Healthy
2.47% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.81mentions of McCormick & Company, Incorporated in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.42 M Sold Last Quarter
Proj. Earnings Growth
9.77%
From $2.66 to $2.92 Per Share

Overall MarketRank

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

2.84 out of 5 stars

Consumer Defensive Sector

2nd out of 3 stocks

Packaged Foods Industry

1st out of 1 stocks


MKC stock logo

About McCormick & Company, Incorporated (NYSE:MKC) Stock

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. McCormick & Company, Incorporated was founded in 1889 and is headquartered in Hunt Valley, Maryland.

MKC Price History

MKC Stock News Headlines

14 Best Consumer Staples Dividend Stocks (MKC)
Consumer staples dividend stocks may have consistent growth and low volatility. Check out the best consumer staples dividend stocks on our list.
McCormick declares $0.39 dividend
Fox Couldn't Air my #1 A.I. Pick - Get it Here.
50-year Wall Street Insider Marc Chaikin got invited onto Fox News to talk about A.I. - Here's what he couldn't say on television. More here.
Goldman Sachs Keeps Their Sell Rating on McCormick & Company (MKC)
U.S. "Shadow Banks" About to Blow up again?
Analyst who called Lehman crash says our biggest calamities (1907, 1929, 2007, etc) all start in the same spot--and it’s about to happen again. More here.
2 Undervalued Dividend Aristocrats for Growth and Income
Flowers Foods (FLO) Looks Well-Placed on Pricing, Buyouts
Church & Dwight (CHD) Thrives on Solid Brands & Pricing
Lamb Weston (LW) Gains on Pricing Actions Amid High Costs
Medifast (MED) Gains on OPTAVIA Lifestyle Solution Strength
McCormick & Company, Incorporated (MKC-V)
See More Headlines
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MKC Company Calendar

Last Earnings
3/28/2023
Ex-Dividend for 7/24 Dividend
7/07/2023
Dividend Payable
7/24/2023
Today
9/29/2023
Next Earnings (Confirmed)
10/03/2023
Dividend Payable
10/24/2023
Fiscal Year End
11/30/2023
Ex-Dividend for 10/24 Dividend
1/01/2100

Industry, Sector and Symbol

Industry
Packaged Foods
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
14,200
Year Founded
1889

Price Target and Rating

Average Stock Price Forecast
$83.92
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$71.00
Forecasted Upside/Downside
+11.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$682 million
Pretax Margin
12.96%

Debt

Sales & Book Value

Annual Sales
$6.35 billion
Cash Flow
$3.36 per share
Book Value
$17.53 per share

Miscellaneous

Free Float
217,345,000
Market Cap
$20.25 billion
Optionable
Optionable
Beta
0.59

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Key Executives

  • Mr. Lawrence E. KurziusMr. Lawrence E. Kurzius (Age 65)
    Exec. Chairman
    Comp: $1.83M
  • Mr. Brendan M. FoleyMr. Brendan M. Foley (Age 57)
    Pres, CEO & Director
    Comp: $1.15M
  • Mr. Michael R. SmithMr. Michael R. Smith (Age 58)
    Exec. VP & CFO
    Comp: $980.65k
  • Mr. Jeffery D. Schwartz (Age 53)
    VP, Gen. Counsel & Corp. Sec.
    Comp: $802.88k
  • Mr. Malcolm S. SwiftMr. Malcolm S. Swift (Age 63)
    Exec. VP
    Comp: $750.18k
  • Ms. Lori Amos Robinson
    VP of Corp. Communications, Corp. Branding and Culinary Marketing
  • Ms. Sarah J. Piper (Age 46)
    Chief Human Relations Officer
  • Ms. Kasey A. Jenkins
    Chief Growth Officer
  • Ms. Ana Sanchez
    Pres of Europe & Middle East and Africa (EMEA)
  • Mr. Andrew Foust
    Pres of Americas













MKC Stock - Frequently Asked Questions

Should I buy or sell McCormick & Company, Incorporated stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MKC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MKC, but not buy additional shares or sell existing shares.
View MKC analyst ratings
or view top-rated stocks.

What is McCormick & Company, Incorporated's stock price forecast for 2023?

10 brokerages have issued twelve-month target prices for McCormick & Company, Incorporated's stock. Their MKC share price forecasts range from $71.00 to $100.00. On average, they anticipate the company's stock price to reach $83.92 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
View analysts price targets for MKC
or view top-rated stocks among Wall Street analysts.

How have MKC shares performed in 2023?

McCormick & Company, Incorporated's stock was trading at $82.89 on January 1st, 2023. Since then, MKC stock has decreased by 9.0% and is now trading at $75.47.
View the best growth stocks for 2023 here
.

When is McCormick & Company, Incorporated's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 3rd 2023.
View our MKC earnings forecast
.

How can I listen to McCormick & Company, Incorporated's earnings call?

McCormick & Company, Incorporated will be holding an earnings conference call on Tuesday, October 3rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13741008".

How were McCormick & Company, Incorporated's earnings last quarter?

McCormick & Company, Incorporated (NYSE:MKC) posted its quarterly earnings results on Tuesday, March, 28th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.10. The business earned $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. McCormick & Company, Incorporated had a net margin of 10.74% and a trailing twelve-month return on equity of 14.76%. The business's revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.63 earnings per share.
Read the conference call transcript
.

How often does McCormick & Company, Incorporated pay dividends? What is the dividend yield for McCormick & Company, Incorporated?

McCormick & Company, Incorporated announced a quarterly dividend on Thursday, September 28th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.39 per share on Tuesday, October 24th. This represents a $1.56 annualized dividend and a yield of 2.07%.
Read our dividend analysis for MKC
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.56 per share and currently has a dividend yield of 2.11%. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 53.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MKC.

When did McCormick & Company, Incorporated's stock split?

McCormick & Company, Incorporated shares split on the morning of Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly created shares were payable to shareholders after the market closes on Monday, November 30th 2020. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Lawrence Kurzius' approval rating as McCormick & Company, Incorporated's CEO?

102 employees have rated McCormick & Company, Incorporated Chief Executive Officer Lawrence Kurzius on Glassdoor.com. Lawrence Kurzius has an approval rating of 83% among the company's employees.

What other stocks do shareholders of McCormick & Company, Incorporated own?

Based on aggregate information from My MarketBeat watchlists, some companies that other McCormick & Company, Incorporated investors own include NVIDIA (NVDA), Johnson & Johnson (JNJ), Walt Disney (DIS), AbbVie (ABBV), Home Depot (HD), Verizon Communications (VZ), Walmart (WMT), AT&T (T), Mastercard (MA) and Starbucks (SBUX).

What is McCormick & Company, Incorporated's stock symbol?

McCormick & Company, Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "MKC."

How do I buy shares of McCormick & Company, Incorporated?

Shares of MKC 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 McCormick & Company, Incorporated's stock price today?

One share of MKC stock can currently be purchased for approximately $75.47.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $20.25 billion and generates $6.35 billion in revenue each year. The company earns $682 million in net income (profit) each year or $2.59 on an earnings per share basis.

How many employees does McCormick & Company, Incorporated have?

The company employs 14,200 workers across the globe.

How can I contact McCormick & Company, Incorporated?

McCormick & Company, Incorporated's mailing address is 24 Schilling Road Suite 1, Hunt Valley MD, 21031. The official website for the company is www.mccormickcorporation.com. The company can be reached via phone at (410) 771-7301, via email at kasey_jenkins@mccormick.com, or via fax at 410-771-7462.

This page (NYSE:MKC) was last updated on 9/29/2023 by MarketBeat.com Staff

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