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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums

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

$88.46
+0.88 (+1.00%)
(As of 06/2/2023 ET)
Compare
Today's Range
$87.46
$88.54
50-Day Range
$74.06
$90.85
52-Week Range
$70.60
$93.00
Volume
1.14 million shs
Average Volume
1.41 million shs
Market Capitalization
$23.73 billion
P/E Ratio
35.81
Dividend Yield
1.76%
Price Target
$80.10

McCormick & Company, Incorporated MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.5% Downside
$80.10 Price Target
Short Interest
Bearish
3.11% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.60mentions of McCormick & Company, Incorporated in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$3.59 M Sold Last Quarter
Proj. Earnings Growth
11.11%
From $2.61 to $2.90 Per Share

Overall MarketRank

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

2.36 out of 5 stars

Consumer Staples Sector

51st out of 139 stocks

Miscellaneous Food Preparations & Kindred Products Industry

2nd out of 5 stocks


MKC stock logo

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

McCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

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MKC Stock News Headlines

Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
McCormick Announces Malcolm Swift's Plan to Retire
Can McCormick Get Margins Back On Track In 2023?
MKC.V McCormick & Company, Incorporated
See More Headlines

MKC Price History

MKC Company Calendar

Last Earnings
3/28/2023
Ex-Dividend for 4/24 Dividend
4/06/2023
Dividend Payable
4/24/2023
Today
6/04/2023
Next Earnings (Confirmed)
6/29/2023
Fiscal Year End
11/30/2023

Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
14,200
Year Founded
1889

Price Target and Rating

Average Stock Price Forecast
$80.10
High Stock Price Forecast
$94.00
Low Stock Price Forecast
$66.00
Forecasted Upside/Downside
-9.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$682 million
Pretax Margin
12.39%

Debt

Sales & Book Value

Annual Sales
$6.35 billion
Cash Flow
$3.33 per share
Book Value
$17.53 per share

Miscellaneous

Free Float
217,268,000
Market Cap
$23.73 billion
Optionable
Optionable
Beta
0.58

Social Links


Key Executives

  • Lawrence Erik KurziusLawrence Erik Kurzius
    Chairman & Chief Executive Officer
  • Brendan M. FoleyBrendan M. Foley
    President & Chief Operating Officer
  • Michael R. SmithMichael R. Smith
    Chief Financial Officer & Executive Vice President
  • Jeffery Darrell Schwartz
    Secretary, Vice President & General Counsel
  • Gregory P. Repas
    Chief Accounting Officer, VP & Controller













MKC Stock - Frequently Asked Questions

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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 1-year price targets for McCormick & Company, Incorporated's shares. Their MKC share price forecasts range from $66.00 to $94.00. On average, they anticipate the company's stock price to reach $80.10 in the next twelve months. This suggests that the stock has a possible downside of 9.5%.
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 shares have increased by 6.7% and is now trading at $88.46.
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 Thursday, June 29th 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 Thursday, June 29th 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 "13738873".

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

McCormick & Company, Incorporated (NYSE:MKC) announced its quarterly earnings results on Tuesday, March, 28th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.10. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.54 billion. McCormick & Company, Incorporated had a net margin of 10.42% and a trailing twelve-month return on equity of 14.34%. The company's revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company 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 declared a quarterly dividend on Wednesday, March 29th. Shareholders of record on Monday, April 10th will be given a dividend of $0.39 per share on Monday, April 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, April 6th.
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 1.78%. 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 63.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 53.79% 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?

Shares of McCormick & Company, Incorporated split on the morning of Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly issued shares were distributed 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 guidance has McCormick & Company, Incorporated issued on next quarter's earnings?

McCormick & Company, Incorporated updated its FY 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share (EPS) guidance of $2.56-$2.61 for the period, compared to the consensus estimate of $2.57. The company issued revenue guidance of $6.67 billion-$6.79 billion, compared to the consensus revenue estimate of $6.69 billion.

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."

Who are McCormick & Company, Incorporated's major shareholders?

McCormick & Company, Incorporated's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.30%), State Street Corp (5.26%), Geode Capital Management LLC (2.01%), Franklin Resources Inc. (1.82%), Fundsmith Investment Services LTD. (1.52%) and Champlain Investment Partners LLC (0.96%). Insiders that own company stock include Brendan M Foley, Christina M Mcmullen, Freeman A Hrabowski III, Jacques Tapiero, Lawrence Erik Kurzius, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Maritza Gomez Montiel, Michael D Mangan, Michael R Smith and Patricia A Little.
View institutional ownership trends
.

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 $88.46.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $23.73 billion and generates $6.35 billion in revenue each year. The company earns $682 million in net income (profit) each year or $2.47 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 6/4/2023 by MarketBeat.com Staff

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