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

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.

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.

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.
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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.

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.

ETFs with the largest weight of McCormick & Company, Incorporated (NYSE:MKC) stock in their portfolio include Natixis Vaughan Nelson Select ETF (VNSE), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), iShares MSCI Water Management Multisector ETF (IWTR), ProShares MSCI Transformational Changes ETF (ANEW), 2ndVote Society Defended ETF (EGIS), FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and ProShares S&P 500 Aristocrats ETF (NOBL).

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.

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.

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.

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.

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).

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

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.
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One share of MKC stock can currently be purchased for approximately $68.40.

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.

The company employs 14,200 workers across the globe.

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.