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

8 Wall Street equities research 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 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.
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8 Wall Street research analysts have issued 1-year price targets for McCormick & Company, Incorporated's stock. Their MKC share price targets range from $70.00 to $90.00. On average, they anticipate the company's stock price to reach $78.20 in the next year. This suggests a possible upside of 20.6% from the stock's current price.
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McCormick & Company, Incorporated's stock was trading at $82.89 at the start of the year. Since then, MKC shares have decreased by 21.8% and is now trading at $64.86.
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McCormick & Company, Incorporated saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 3,890,000 shares, a decline 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 currently 2.0 days.
View McCormick & Company, Incorporated's Short Interest.

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

McCormick & Company, Incorporated (NYSE:MKC) posted its earnings results on Tuesday, October, 3rd. The company reported $0.65 earnings per share for the quarter, meeting analysts' consensus estimates of $0.65. The firm earned $1.68 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share.
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McCormick & Company, Incorporated declared a quarterly dividend on Tuesday, November 28th. Investors 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 dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from the stock's previous quarterly dividend of $0.39.
Read our dividend analysis for MKC.

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.56 per share and currently has a dividend yield of 2.43%. 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.

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).

Shares of McCormick & Company, Incorporated split on 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.

McCormick & Company, Incorporated issued an update on 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.

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's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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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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