Lowest-Rated StocksLowest-RatedNYSE:MKC McCormick & Company, Incorporated (MKC) Stock Forecast, Price & News $85.73 +0.31 (+0.36%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$84.76▼$86.5750-Day Range$71.20▼$90.8552-Week Range$70.60▼$93.38Volume5.84 million shsAverage Volume1.44 million shsMarket Capitalization$23.00 billionP/E Ratio34.71Dividend Yield1.82%Price Target$80.10 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media McCormick & Company, Incorporated MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside6.6% Downside$80.10 Price TargetShort InterestBearish3.11% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.69Based on 3 Articles This WeekInsider TradingSelling Shares$3.59 M Sold Last QuarterProj. Earnings Growth9.92%From $2.62 to $2.88 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.31 out of 5 starsConsumer Staples Sector62nd out of 140 stocksMiscellaneous Food Preparations & Kindred Products Industry2nd out of 5 stocks 2.0 Analyst's Opinion Consensus RatingMcCormick & Company, Incorporated has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 4 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $80.10, McCormick & Company, Incorporated has a forecasted downside of 6.6% from its current price of $85.73.Amount of Analyst CoverageMcCormick & Company, Incorporated has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.11% of the outstanding shares of McCormick & Company, Incorporated have been sold short.Short Interest Ratio / Days to CoverMcCormick & Company, Incorporated has a short interest ratio ("days to cover") of 5.6.Change versus previous monthShort interest in McCormick & Company, Incorporated has recently increased by 0.12%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend YieldMcCormick & Company, Incorporated pays a meaningful dividend of 1.79%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMcCormick & Company, Incorporated has been increasing its dividend for 37 years.Dividend CoverageThe dividend payout ratio of McCormick & Company, Incorporated is 63.16%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, McCormick & Company, Incorporated will have a dividend payout ratio of 54.17% next year. This indicates that McCormick & Company, Incorporated will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MKC. Previous Next 1.5 News and Social Media Coverage News SentimentMcCormick & Company, Incorporated has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 3 news articles for McCormick & Company, Incorporated this week, compared to 5 articles on an average week.Search InterestOnly 9 people have searched for MKC on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added McCormick & Company, Incorporated to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, McCormick & Company, Incorporated insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,592,338.00 in company stock.Percentage Held by Insiders19.00% of the stock of McCormick & Company, Incorporated is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions79.15% of the stock of McCormick & Company, Incorporated is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for McCormick & Company, Incorporated are expected to grow by 9.92% in the coming year, from $2.62 to $2.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of McCormick & Company, Incorporated is 34.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.42.Price to Earnings Ratio vs. SectorThe P/E ratio of McCormick & Company, Incorporated is 34.71, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 17.67.Price to Earnings Growth RatioMcCormick & Company, Incorporated has a PEG Ratio of 4.80. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMcCormick & Company, Incorporated has a P/B Ratio of 4.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About McCormick & Company, Incorporated (NYSE:MKC) StockMcCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.Read More Receive MKC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for McCormick & Company, Incorporated and its competitors with MarketBeat's FREE daily newsletter. Email Address MKC Stock News HeadlinesMay 30, 2023 | seekingalpha.comMcCormick: Valuation Dooms Stock Performance In The Mid TermMay 26, 2023 | finance.yahoo.comWith A Return On Equity Of 14%, Has McCormick & Company, Incorporated's (NYSE:MKC) Management Done Well?June 1, 2023 | Behind the Markets (Ad)BREAKING: The truth about war with ChinaForeign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.May 22, 2023 | finance.yahoo.comMcCormick & Company to Participate in the Deutsche Bank Global Consumer ConferenceMay 20, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (NYSE:MKC) Receives Consensus Rating of "Hold" from AnalystsMay 18, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on McCormick & Company, Incorporated (NYSE:MKC)May 18, 2023 | americanbankingnews.comLawrence Erik Kurzius Sells 39,906 Shares of McCormick & Company, Incorporated (NYSE:MKC) StockMay 17, 2023 | bizjournals.comLongtime McCormick executive Malcolm Swift to retireJune 1, 2023 | Behind the Markets (Ad)BREAKING: The truth about war with ChinaForeign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.May 17, 2023 | finanznachrichten.deMcCormick & Company, Incorporated: McCormick Announces Malcolm Swift's Plan to RetireMay 17, 2023 | finance.yahoo.comMcCormick Announces Malcolm Swift's Plan to RetireMay 3, 2023 | finance.yahoo.comIs McCormick & Company (MKC) Stock Outpacing Its Consumer Staples Peers This Year?May 3, 2023 | finance.yahoo.comAfter a String of Acquisitions, This Food Giant Is Feeling the Sting of Higher Interest RatesApril 30, 2023 | finance.yahoo.comMcCormick & Company, Incorporated (NYSE:MKC) is a favorite amongst institutional investors who own 86%April 28, 2023 | finance.yahoo.comCan McCormick Get Margins Back On Track In 2023?April 27, 2023 | finance.yahoo.comMcCormick (MKC) Up 4.7% Since Last Earnings Report: Can It Continue?April 26, 2023 | seekingalpha.comMKC.V McCormick & Company, IncorporatedApril 25, 2023 | finance.yahoo.comMcCormick Releases 2022 Purpose-led Performance Progress Report Highlighting Positive Impact of Farmer Resiliency, Sustainable Sourcing and Climate InitiativesApril 25, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (NYSE:MKC) Receives Average Rating of "Hold" from AnalystsApril 22, 2023 | marketwatch.comMcCormick & Co. Inc. stock rises Friday, outperforms marketApril 16, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (NYSE:MKC) Earns Hold Rating from Analysts at Stifel NicolausApril 14, 2023 | msn.comStifel Reiterates McCormick (MKC) Hold RecommendationApril 14, 2023 | bizjournals.comMcCormick executives see pay cuts in 2022 as company misses goalsApril 14, 2023 | finance.yahoo.com4 Stocks to Add to Your Portfolio on Soaring Grocery SalesApril 5, 2023 | finance.yahoo.comMcCormick (MKC) Looks Tempting: Stock Up 15% Since Q1 ResultsApril 4, 2023 | finance.yahoo.comWhy McCormick Stock Gained 12% Last MonthApril 3, 2023 | finance.yahoo.com1 Passive Income Stock Investors Should Pay Close Attention ToSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MKC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for McCormick & Company, Incorporated and its competitors with MarketBeat's FREE daily newsletter. Email Address MKC Company Calendar Last Earnings3/28/2023Ex-Dividend for 4/24 Dividend4/06/2023Dividend Payable4/24/2023Today6/01/2023Next Earnings (Estimated)7/05/2023Fiscal Year End11/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Miscellaneous food preparations & kindred products Sub-IndustryPackaged Foods & Meats SectorConsumer Staples Current SymbolNYSE:MKC CUSIP57978020 CIK63754 Webwww.mccormickcorporation.com Phone(410) 771-7301Fax410-771-7462Employees14,200Year Founded1889Price Target and Rating Average Stock Price Forecast$80.10 High Stock Price Forecast$94.00 Low Stock Price Forecast$66.00 Forecasted Upside/Downside-6.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$2.47 Trailing P/E Ratio34.71 Forward P/E Ratio32.72 P/E Growth4.8Net Income$682 million Net Margins10.42% Pretax Margin12.39% Return on Equity14.34% Return on Assets5.16% Debt Debt-to-Equity Ratio0.74 Current Ratio0.73 Quick Ratio0.32 Sales & Book Value Annual Sales$6.35 billion Price / Sales3.62 Cash Flow$3.25 per share Price / Cash Flow26.35 Book Value$17.53 per share Price / Book4.89Miscellaneous Outstanding Shares268,230,000Free Float217,268,000Market Cap$23.00 billion OptionableOptionable Beta0.58 Social Links Key ExecutivesLawrence Erik KurziusChairman & Chief Executive OfficerBrendan M. FoleyPresident & Chief Operating OfficerMichael R. SmithChief Financial Officer & Executive Vice PresidentJeffery Darrell SchwartzSecretary, Vice President & General CounselGregory P. RepasChief Accounting Officer, VP & ControllerKey CompetitorsKelloggNYSE:KChurch & DwightNYSE:CHDHormel FoodsNYSE:HRLInternational Flavors & FragrancesNYSE:IFFCloroxNYSE:CLXView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 6,922 shares on 5/26/2023Ownership: 0.822%Empower Advisory Group LLCBought 9,546 shares on 5/25/2023Ownership: 0.004%Toroso Investments LLCBought 367 shares on 5/23/2023Ownership: 0.002%Ameriprise Financial Inc.Bought 38,193 shares on 5/22/2023Ownership: 0.121%Putnam Investments LLCSold 1,147,502 shares on 5/22/2023Ownership: 0.034%View All Insider TransactionsView All Institutional Transactions MKC Stock - Frequently Asked Questions Should I buy or sell McCormick & Company, Incorporated stock right now? 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 3 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 forecast for 2023? 10 brokers have issued twelve-month price objectives for McCormick & Company, Incorporated's shares. Their MKC share price forecasts range from $66.00 to $94.00. On average, they predict the company's share price to reach $80.10 in the next year. This suggests that the stock has a possible downside of 6.6%. 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 start of the year. Since then, MKC stock has increased by 3.4% and is now trading at $85.73. View the best growth stocks for 2023 here. When is McCormick & Company, Incorporated's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 5th 2023. View our MKC earnings forecast. How were McCormick & Company, Incorporated's earnings last quarter? McCormick & Company, Incorporated (NYSE:MKC) posted its quarterly earnings data on Tuesday, March, 28th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.10. The firm earned $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 14.34% and a net margin of 10.42%. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 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 29th. Investors of record on Monday, April 10th will be given a dividend of $0.39 per share on Monday, April 24th. This represents a $1.56 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, April 6th. Read our dividend analysis for MKC. What ETFs hold McCormick & Company, Incorporated's stock? 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), ProShares MSCI Transformational Changes ETF (ANEW), ProShares Russell US Dividend Growers ETF (TMDV), iShares MSCI Water Management Multisector ETF (IWTR), FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG), ProShares S&P 500 Aristocrats ETF (NOBL) and Motley Fool Next Index ETF (TMFX). 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 1.79%. 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 63.16%. 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's stock split before market open on Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly minted 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 FY 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share guidance of $2.56-$2.61 for the period, compared to the consensus earnings per share estimate of $2.57. The company issued revenue guidance of $6.67 billion-$6.79 billion, compared to the consensus revenue estimate of $6.69 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." Who are McCormick & Company, Incorporated's major shareholders? McCormick & Company, Incorporated's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.30%), State Street Corp (5.26%), Geode Capital Management LLC (2.01%), Franklin Resources Inc. (1.82%), Fundsmith Investment Services LTD. (1.52%) and Champlain Investment Partners LLC (0.96%). Insiders that own company stock include Brendan M Foley, Christina M Mcmullen, Freeman A Hrabowski III, Jacques Tapiero, Lawrence Erik Kurzius, Lisa Manzone, Malcolm Swift, 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 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 $85.73. How much money does McCormick & Company, Incorporated make? McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $23.00 billion and generates $6.35 billion in revenue each year. The company earns $682 million in net income (profit) each year or $2.47 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 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding McCormick & Company, Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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