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NYSE:MKC

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

$75.79
+1.02 (+1.36%)
(As of 07/26/2024 ET)
Today's Range
$74.90
$76.22
50-Day Range
$67.67
$75.79
52-Week Range
$59.13
$90.45
Volume
2.63 million shs
Average Volume
1.95 million shs
Market Capitalization
$20.36 billion
P/E Ratio
27.66
Dividend Yield
2.22%
Price Target
$76.25

McCormick & Company, Incorporated MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
0.6% Upside
$76.25 Price Target
Short Interest
Healthy
2.51% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.43mentions of McCormick & Company, Incorporated in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$7.98 M Sold Last Quarter
Proj. Earnings Growth
6.67%
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.

2.82 out of 5 stars

Consumer Staples Sector

90th out of 136 stocks

Miscellaneous Food Preparations & Kindred Products Industry

4th 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

Financial markets news icon
MarketBeat Week in Review – 7/1 - 7/5 (MKC)
The market was mostly quiet in a holiday-shortened week; that may change next week with the latest inflation readings and the kickoff of a new earnings season
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
McCormick seasonings for sale inside a grocery store
McCormick Stock Q2: EPS Beat on Rising Margins, Falling Sales
McCormick & Company NYSE: MKC is in the consumer staples sector and is the 8th largest US food products company by market capitalization. The firm reported Q2 2024 earnings on Jun. 27, 2024.
McCormick seasonings for sale inside a grocery store
McCormick Stock Q2: EPS Beat on Rising Margins, Falling Sales (MKC)
McCormick & Company beat EPS estimates by 10 cents despite lower sales due to increased margins. The company could benefit from rebounding grocery sales growth.
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Spice Seller McCormick Rallies on Earnings Beat
Why McCormick Stock Jumped Today
See More Headlines
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Company Calendar

Last Earnings
6/27/2024
Ex-Dividend for 7/22 Dividend
7/08/2024
Dividend Payable
7/22/2024
Today
7/26/2024
Next Earnings (Estimated)
10/01/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
13,800
Year Founded
1889

Price Target and Rating

Average Stock Price Target
$76.25
High Stock Price Target
$88.00
Low Stock Price Target
$57.00
Potential Upside/Downside
+0.6%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
$680.60 million
Pretax Margin
12.64%

Debt

Sales & Book Value

Annual Sales
$6.66 billion
Cash Flow
$3.53 per share
Book Value
$19.93 per share

Miscellaneous

Free Float
207,114,000
Market Cap
$20.36 billion
Optionable
Optionable
Beta
0.75

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MKC Stock Analysis - Frequently Asked Questions

How have MKC shares performed this year?

McCormick & Company, Incorporated's stock was trading at $68.42 on January 1st, 2024. Since then, MKC stock has increased by 10.8% and is now trading at $75.79.
View the best growth stocks for 2024 here
.

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

McCormick & Company, Incorporated (NYSE:MKC) posted its earnings results on Thursday, June, 27th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.10. The company's revenue for the quarter was down 1.0% on a year-over-year basis.
Read the conference call transcript
.

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 issued shares were issued 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 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.

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

Top institutional investors of McCormick & Company, Incorporated include Bank of New York Mellon Corp (0.60%), Boston Trust Walden Corp (0.24%), Sumitomo Mitsui Trust Holdings Inc. (0.22%) and Reik & CO. LLC (0.17%). Insiders that own company stock include Lawrence Erik Kurzius, Michael R Smith, Freeman A Hrabowski III, Jeffery D Schwartz, Michael D Mangan, Jacques Tapiero, Patricia A Little, Margaret M V Preston, Maritza Gomez Montiel, Brendan M Foley, Katherine Jenkins and Lisa Manzone.
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.
Compare Top Brokerages Here.

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

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

This page (NYSE:MKC) was last updated on 7/27/2024 by MarketBeat.com Staff

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