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

+0.77 (+1.04%)
(As of 04/22/2024 ET)
Today's Range
50-Day Range
52-Week Range
1.71 million shs
Average Volume
2.08 million shs
Market Capitalization
$20.05 billion
P/E Ratio
Dividend Yield
Price Target

McCormick & Company, Incorporated MarketRank™ Stock Analysis

Analyst Rating
2.00 Rating Score
4.3% Upside
$77.88 Price Target
Short Interest
1.99% of Shares Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
0.92mentions of McCormick & Company, Incorporated in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$2.38 M Sold Last Quarter
Proj. Earnings Growth
From $2.85 to $3.04 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.98 out of 5 stars

Consumer Staples Sector

43rd out of 134 stocks

Miscellaneous Food Preparations & Kindred Products Industry

1st out of 4 stocks

MKC stock logo

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

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, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other 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. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

MKC Stock Price History

MKC Stock News Headlines

Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
McCormick & Company Stock Isn't Cheap, But It Is Undervalued
McCormick & Company NYSE: MKC stock may not be cheap, trading at 22X this year's and 20X next year's earnings, but it is undervalued. The company is among the highest-quality consumer staples on the market, trading below its historical norms and near the middle of the group's range.
McCormick & Company Stock Isn’t Cheap, But It Is Undervalued
McCormick & Company had a solid quarter and reaffirmed good and cautious guidance. The company is building momentum and likely to outperform this year.
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
McCormick & Company: Potential Recovery In Margins
McCormick declares $0.42 dividend
McCormick Declares $0.42 Quarterly Dividend
Company News for Mar 27, 2024
See More Headlines
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Company Calendar

Last Earnings
Ex-Dividend for 4/22 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Miscellaneous food preparations & kindred products
Packaged Foods & Meats
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
9 Analysts


Net Income
$680.60 million
Pretax Margin


Sales & Book Value

Annual Sales
$6.66 billion
Cash Flow
$3.49 per share
Book Value
$18.95 per share


Free Float
Market Cap
$20.05 billion

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Should I Buy McCormick & Company, Incorporated Stock? MKC Pros and Cons Explained


Here are some ways that investors could benefit from investing in McCormick & Company, Incorporated:

  • McCormick & Company, Incorporated operates in two segments, Consumer and Flavor Solutions, providing diversification in its product offerings.
  • The company has a strong presence in various regions globally, offering exposure to different markets and potential growth opportunities.
  • Recent financial reports show consistent revenue growth and profitability, indicating a stable financial performance.
  • McCormick & Company, Incorporated's stock price has shown resilience during market fluctuations, reflecting investor confidence.
  • The company's focus on innovation and product development keeps it competitive in the food industry, potentially leading to sustained growth.


Investors should be bearish about investing in McCormick & Company, Incorporated for these reasons:

  • Fluctuations in commodity prices, such as spices and herbs, could impact the company's margins and profitability.
  • Intense competition in the food industry may pressure pricing and market share, affecting the company's growth prospects.
  • Changes in consumer preferences or dietary trends could require significant adjustments in product offerings, leading to potential risks.
  • Economic downturns or disruptions in the supply chain could impact the company's operations and financial performance.
  • Regulatory changes related to food safety standards or labeling requirements could increase compliance costs for McCormick & Company, affecting profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these McCormick & Company, Incorporated pros and cons to contact@marketbeat.com.

MKC Stock Analysis - Frequently Asked Questions

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

9 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, 5 hold ratings and 2 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 target for 2024?

9 analysts have issued 1-year price targets for McCormick & Company, Incorporated's shares. Their MKC share price targets range from $57.00 to $88.00. On average, they predict the company's share price to reach $77.88 in the next twelve months. This suggests a possible upside of 4.3% 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 2024?

McCormick & Company, Incorporated's stock was trading at $68.42 at the start of the year. Since then, MKC stock has increased by 9.2% and is now trading at $74.69.
View the best growth stocks for 2024 here

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
View our MKC earnings forecast

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

McCormick & Company, Incorporated (NYSE:MKC) announced its quarterly earnings data on Tuesday, March, 26th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The company earned $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. McCormick & Company, Incorporated had a net margin of 10.56% and a trailing twelve-month return on equity of 14.45%. McCormick & Company, Incorporated's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 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 27th. Investors of record on Monday, April 8th will be given a dividend of $0.42 per share on Monday, April 22nd. This represents a $1.68 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, April 5th.
Read our dividend analysis for MKC

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.27%. 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 64.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 55.26% 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 before market open on 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 guidance has McCormick & Company, Incorporated issued on next quarter's earnings?

McCormick & Company, Incorporated updated its FY24 earnings guidance on Tuesday, March, 26th. The company provided earnings per share guidance of $2.80-2.85 for the period, compared to the consensus estimate of $2.82. The company issued revenue guidance of down 2% to flat yr/yr to ~$6.53-6.67 billion, compared to the consensus revenue estimate of $6.64 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).

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

McCormick & Company, Incorporated's stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.24%), AMI Asset Management Corp (0.15%), Bath Savings Trust Co (0.06%), Centre Asset Management LLC (0.06%), Jacobs & Co. CA (0.06%) and Wealth Enhancement Advisory Services LLC (0.05%). Insiders that own company stock include Brendan M Foley, Freeman A Hrabowski III, Jacques Tapiero, Jeffery D Schwartz, Lawrence Erik Kurzius, Lisa Manzone, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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This page (NYSE:MKC) was last updated on 4/23/2024 by MarketBeat.com Staff

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