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

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.
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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.
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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.
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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.

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) 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.
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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.

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.

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 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.

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.

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 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.
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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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