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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
NYSE:MKC

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

$73.92
+1.22 (+1.68%)
(As of 04/19/2024 ET)
Today's Range
$72.73
$74.18
50-Day Range
$64.99
$78.27
52-Week Range
$59.13
$94.39
Volume
1.73 million shs
Average Volume
2.19 million shs
Market Capitalization
$19.84 billion
P/E Ratio
28.21
Dividend Yield
2.27%
Price Target
$77.88

McCormick & Company, Incorporated MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.4% Upside
$77.88 Price Target
Short Interest
Healthy
1.99% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.91mentions of McCormick & Company, Incorporated in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$2.38 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.

3.97 out of 5 stars

Consumer Staples Sector

36th out of 135 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, 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

Tiny Biotech Stock Wins $75 Billion Patent
A little-known biotech has been quietly working on revolutionary treatments for neurodegenerative diseases. Most people have never heard of them... but those in the know have been taking notice. Jeff Bezos cut them a check for $130 million. Fidelity Biosciences for a further $217 million. They've even had several collaborative partnerships with much larger companies like Biogen, Sanofi, and Takeda.
McCormick & Company Stock Isn't Cheap, But It Is Undervalued
McCormick & Company NYSE: MKC stock may not be cheap, trading at 22X this year's and 20X next year's earnings, but it is undervalued. The company is among the highest-quality consumer staples on the market, trading below its historical norms and near the middle of the group's range.
McCormick & Company Stock Isn’t Cheap, But It Is Undervalued
McCormick & Company had a solid quarter and reaffirmed good and cautious guidance. The company is building momentum and likely to outperform this year.
Tiny Biotech Stock Wins $75 Billion Patent
A little-known biotech has been quietly working on revolutionary treatments for neurodegenerative diseases. Most people have never heard of them... but those in the know have been taking notice. Jeff Bezos cut them a check for $130 million. Fidelity Biosciences for a further $217 million. They've even had several collaborative partnerships with much larger companies like Biogen, Sanofi, and Takeda.
McCormick & Company: Potential Recovery In Margins
McCormick declares $0.42 dividend
McCormick Declares $0.42 Quarterly Dividend
Company News for Mar 27, 2024
See More Headlines
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Company Calendar

Last Earnings
3/26/2024
Ex-Dividend for 4/22 Dividend
4/05/2024
Today
4/20/2024
Dividend Payable
4/22/2024
Next Earnings (Estimated)
7/04/2024
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
$77.88
High Stock Price Target
$88.00
Low Stock Price Target
$57.00
Potential Upside/Downside
+5.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
9 Analysts

Profitability

Net Income
$680.60 million
Pretax Margin
12.44%

Debt

Sales & Book Value

Annual Sales
$6.66 billion
Cash Flow
$3.51 per share
Book Value
$19.59 per share

Miscellaneous

Free Float
206,946,000
Market Cap
$19.84 billion
Optionable
Optionable
Beta
0.74

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

Pros

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

  • McCormick & Company, Incorporated operates in two segments, Consumer and Flavor Solutions, providing diversification in its product offerings.
  • The company has a strong presence in various regions globally, offering exposure to different markets and potential growth opportunities.
  • Recent financial reports show consistent revenue growth and profitability, indicating a stable financial performance.
  • McCormick & Company, Incorporated's stock price has shown resilience during market fluctuations, reflecting investor confidence.
  • The company's focus on innovation and product development keeps it competitive in the food industry, potentially leading to sustained growth.

Cons

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

  • Fluctuations in commodity prices, such as spices and herbs, could impact the company's margins and profitability.
  • Intense competition in the food industry may pressure pricing and market share, affecting the company's growth prospects.
  • Changes in consumer preferences or dietary trends could require significant adjustments in product offerings, leading to potential risks.
  • Economic downturns or disruptions in the supply chain could impact the company's operations and financial performance.
  • Regulatory changes related to food safety standards or labeling requirements could increase compliance costs for McCormick & Company, affecting profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these McCormick & Company, Incorporated pros and cons to contact@marketbeat.com.

MKC Stock Analysis - Frequently Asked Questions

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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

9 Wall Street research analysts have issued 1-year price targets for McCormick & Company, Incorporated's shares. Their MKC share price targets range from $57.00 to $88.00. On average, they predict the company's share price to reach $77.88 in the next twelve months. This suggests a possible upside of 5.4% 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 2024?

McCormick & Company, Incorporated's stock was trading at $68.42 on January 1st, 2024. Since then, MKC shares have increased by 8.0% and is now trading at $73.92.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 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, March, 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The company earned $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 14.45% and a net margin of 10.56%. McCormick & Company, Incorporated's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 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 27th. Shareholders of record on Monday, April 8th will be paid a dividend of $0.42 per share on Monday, April 22nd. This represents a $1.68 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, April 5th.
Read our dividend analysis for MKC
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.31%. 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 64.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 55.26% 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 Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly issued shares were payable 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 FY24 earnings guidance on Tuesday, March, 26th. The company provided earnings per share guidance of $2.80-2.85 for the period, compared to the consensus estimate of $2.82. The company issued revenue guidance of down 2% to flat yr/yr to ~$6.53-6.67 billion, compared to the consensus revenue estimate of $6.64 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 number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.24%), AMI Asset Management Corp (0.15%), Bath Savings Trust Co (0.06%), Centre Asset Management LLC (0.06%), Jacobs & Co. CA (0.06%) and Wealth Enhancement Advisory Services LLC (0.05%). 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, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MKC) was last updated on 4/20/2024 by MarketBeat.com Staff

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