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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
New CBOE “special perk” helps traders target income every weekend (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
New CBOE “special perk” helps traders target income every weekend (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
New CBOE “special perk” helps traders target income every weekend (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

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

$65.99
+1.16 (+1.79%)
(As of 12/1/2023 ET)
Compare
Today's Range
$64.59
$66.00
50-Day Range
$59.56
$75.64
52-Week Range
$59.13
$94.39
Volume
1.61 million shs
Average Volume
1.32 million shs
Market Capitalization
$17.71 billion
P/E Ratio
27.50
Dividend Yield
2.36%
Price Target
$78.20

McCormick & Company, Incorporated MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
18.5% Upside
$78.20 Price Target
Short Interest
Healthy
1.43% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.66mentions of McCormick & Company, Incorporated in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$128,740 Sold Last Quarter
Proj. Earnings Growth
8.68%
From $2.65 to $2.88 Per Share

Overall MarketRank

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

2.71 out of 5 stars

Consumer Staples Sector

20th 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, 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 Stock Price History

MKC Stock News Headlines

3 S&P stocks with growth to weather a downturn (MKC)
S&P 500 components Broadcom, McCormick and Merck stocks are diverse stocks worth tracking for investors seeking strong earnings and dividend growth.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
McCormick & Company Incorporated
McCormick's Goodwill Has Started To Be Worrying
Why Did McCormick Stock Fall 16% in October?
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Q3 2023 McCormick & Company Inc Earnings Call
McCormick Sees Demand Fall in China, and Shares Sink
McCormick Might Leave a Bad Taste in Investors' Mouths
Why McCormick & Company Stock Dropped Today
McCormick: Take Our Sage Advice And Tread Gingerly
See More Headlines
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Company Calendar

Last Earnings
10/03/2023
Ex-Dividend for 10/24 Dividend
10/06/2023
Dividend Payable
10/24/2023
Today
12/02/2023
Ex-Dividend for 1/8 Dividend
12/28/2023
Dividend Payable
1/08/2024
Next Earnings (Estimated)
1/25/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$78.20
High Stock Price Target
$90.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+18.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$682 million
Pretax Margin
11.65%

Debt

Sales & Book Value

Annual Sales
$6.35 billion
Cash Flow
$3.36 per share
Book Value
$17.53 per share

Miscellaneous

Free Float
217,349,000
Market Cap
$17.71 billion
Optionable
Optionable
Beta
0.67

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of McCormick & Company, Incorporated was last updated on Tuesday, November 28, 2023 at 10:37 PM.

Pros

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

  • McCormick & Company, Incorporated is a well-established company that has been in operation since 1889.
  • They manufacture, market, and distribute a wide range of spices, seasoning mixes, condiments, and other flavorful products.
  • McCormick & Company, Incorporated has a strong presence in the market and is a recognized brand in the industry.
  • Recent developments and updates in their product offerings ensure that they stay relevant and meet consumer demands.
  • Investing in McCormick & Company, Incorporated provides an opportunity to benefit from the growth of the food industry.

Cons

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

  • Like any investment, there are risks involved in investing in the stock market, including the stock of McCormick & Company, Incorporated.
  • Fluctuations in the market and changes in consumer preferences can impact the demand for their products.
  • Competition in the industry may affect McCormick & Company, Incorporated's market share and profitability.
  • Investors should carefully consider the current stock price and evaluate if it aligns with their investment goals and risk tolerance.
  • It is important to stay updated with the latest financial reports and news related to McCormick & Company, Incorporated to make informed investment decisions.














MKC Stock Analysis - Frequently Asked Questions

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

8 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 2 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 target for 2024?

8 brokerages have issued 12-month price objectives for McCormick & Company, Incorporated's shares. Their MKC share price targets range from $70.00 to $90.00. On average, they predict the company's stock price to reach $78.20 in the next twelve months. This suggests a possible upside of 18.5% 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 the year. Since then, MKC shares have decreased by 20.4% and is now trading at $65.99.
View the best growth stocks for 2023 here
.

Are investors shorting McCormick & Company, Incorporated?

McCormick & Company, Incorporated saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 3,890,000 shares, a decrease of 16.9% from the October 15th total of 4,680,000 shares. Based on an average trading volume of 1,990,000 shares, the short-interest ratio is presently 2.0 days.
View McCormick & Company, Incorporated's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our MKC earnings forecast
.

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

McCormick & Company, Incorporated (NYSE:MKC) released its earnings results on Tuesday, October, 3rd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 14.15% and a net margin of 9.80%. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.69 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 announced a quarterly dividend on Tuesday, November 28th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.42 per share on Monday, January 8th. This represents a $1.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, December 28th. This is a boost from the stock's previous quarterly dividend of $0.39.
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 2.41%. The company has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 65.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 54.17% 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 shares 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 distributed 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 EPS 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).

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

McCormick & Company, Incorporated's stock is owned by a variety of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.41%), Northern Trust Corp (1.28%), Vaughan Nelson Investment Management L.P. (0.83%), Bank of New York Mellon Corp (0.79%), Legal & General Group Plc (0.70%) and Invesco Ltd. (0.68%). 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 and Michael R Smith.
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.

This page (NYSE:MKC) was last updated on 12/3/2023 by MarketBeat.com Staff

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