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S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
3 Drone Stocks That Can Lift Your Portfolio Higher
66,000% upside on tiny biotech? (Ad)
3 Quality Stocks On Track for Significant Dividend Increases
International Paper's 5% Yield Offers Big Value
Something is Coming for America's Top Stock (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
66,000% upside on tiny biotech? (Ad)
This Is One of the Top-Rated and Most-Upgraded Stocks
5 Economic Trends That Will Drive The Market In Q4
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
3 Drone Stocks That Can Lift Your Portfolio Higher
66,000% upside on tiny biotech? (Ad)
3 Quality Stocks On Track for Significant Dividend Increases
International Paper's 5% Yield Offers Big Value
Something is Coming for America's Top Stock (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
66,000% upside on tiny biotech? (Ad)
This Is One of the Top-Rated and Most-Upgraded Stocks
5 Economic Trends That Will Drive The Market In Q4
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
3 Drone Stocks That Can Lift Your Portfolio Higher
66,000% upside on tiny biotech? (Ad)
3 Quality Stocks On Track for Significant Dividend Increases
International Paper's 5% Yield Offers Big Value
Something is Coming for America's Top Stock (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
66,000% upside on tiny biotech? (Ad)
This Is One of the Top-Rated and Most-Upgraded Stocks
5 Economic Trends That Will Drive The Market In Q4
NYSE:MKC

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

$68.40
-6.32 (-8.46%)
(As of 10/3/2023 ET)
Compare
Today's Range
$66.60
$71.44
50-Day Range
$68.40
$89.93
52-Week Range
$66.60
$94.39
Volume
7.56 million shs
Average Volume
1.43 million shs
Market Capitalization
$18.35 billion
P/E Ratio
26.41
Dividend Yield
2.28%
Price Target
$83.92

McCormick & Company, Incorporated MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
22.7% 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
0.78mentions of McCormick & Company, Incorporated in the last 14 days
Based on 29 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.

2.70 out of 5 stars

Consumer Staples Sector

36th out of 132 stocks

Miscellaneous Food Preparations & Kindred Products Industry

1st out of 4 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

McCormick Sees Demand Fall in China, and Shares Sink
"Chilling War Games Show US Forces Crushed" – FOX NEWS
=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
McCormick Might Leave a Bad Taste in Investors' Mouths
Why McCormick & Company Stock Dropped Today
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
McCormick: Take Our Sage Advice And Tread Gingerly
McCormick: Time To Buy
McCORMICK REPORTS STRONG THIRD QUARTER PERFORMANCE
McCormick declares $0.39 dividend
Goldman Sachs Keeps Their Sell Rating on McCormick & Company (MKC)
2 Undervalued Dividend Aristocrats for Growth and Income
See More Headlines
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MKC Company Calendar

Ex-Dividend for 7/24 Dividend
7/07/2023
Dividend Payable
7/24/2023
Last Earnings
10/03/2023
Today
10/04/2023
Ex-Dividend for 10/24 Dividend
10/06/2023
Dividend Payable
10/24/2023
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
$83.92
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$71.00
Forecasted Upside/Downside
+22.7%
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
$2.98 per share
Book Value
$17.53 per share

Miscellaneous

Free Float
217,345,000
Market Cap
$18.35 billion
Optionable
Optionable
Beta
0.61

Social Links

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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 analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 1 year price objectives for McCormick & Company, Incorporated's stock. Their MKC share price forecasts range from $71.00 to $100.00. On average, they expect the company's share price to reach $83.92 in the next year. This suggests a possible upside of 22.7% 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 at the beginning of 2023. Since then, MKC stock has decreased by 17.5% and is now trading at $68.40.
View the best growth stocks for 2023 here
.

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

McCormick & Company, Incorporated (NYSE:MKC) posted its earnings results on Tuesday, October, 3rd. The company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. McCormick & Company, Incorporated had a net margin of 10.74% and a trailing twelve-month return on equity of 14.76%. The company's revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS.

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. Shareholders 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, October 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 2.06%. 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's stock 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 closing bell 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 FY23 earnings guidance on Tuesday, October, 3rd. The company provided earnings per share guidance of $2.62-2.67 for the period, compared to the consensus EPS estimate of $2.65. The company issued revenue guidance of +5-7% yr/yr to ~$6.67-6.80 billion, compared to the consensus revenue estimate of $6.76 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."

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 $68.40.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $18.35 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 10/4/2023 by MarketBeat.com Staff

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