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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:MKC

McCormick & Company, Incorporated Stock Forecast, Price & News

$87.84
+2.34 (+2.74%)
(As of 06/24/2022 06:40 PM ET)
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Today's Range
$85.77
$87.96
50-Day Range
$82.54
$104.28
52-Week Range
$77.85
$107.35
Volume
1.39 million shs
Average Volume
1.42 million shs
Market Capitalization
$23.55 billion
P/E Ratio
31.71
Dividend Yield
1.68%
Price Target
$98.00
30 days | 90 days | 365 days | Advanced Chart

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MKC Stock Forecast (MarketRank)

Overall MarketRank

2.97 out of 5 stars

Consumer Staples Sector

11th out of 188 stocks

Miscellaneous Food Preparations & Kindred Products Industry

2nd out of 6 stocks

Analyst Opinion: 2.1Community Rank: 4.0Dividend Strength: 4.2Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -
McCormick & Company, Incorporated logo

About McCormick & Company, Incorporated (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 Drogheria & Alimentari, 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. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

MKC Stock News Headlines

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Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
14,000
Year Founded
1889

Company Calendar

Last Earnings
3/29/2022
Ex-Dividend for 4/25 Dividend
4/08/2022
Dividend Payable
4/25/2022
Today
6/27/2022
Next Earnings (Confirmed)
6/29/2022
Fiscal Year End
11/30/2022

Price Target and Rating

Average Stock Price Forecast
$98.00
High Stock Price Forecast
$112.00
Low Stock Price Forecast
$89.00
Forecasted Upside/Downside
+11.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$755.30 million
Pretax Margin
13.66%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$3.80 per share
Book Value
$16.56 per share

Miscellaneous

Free Float
225,453,000
Market Cap
$23.55 billion
Optionable
Optionable
Beta
0.45

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McCormick & Company, Incorporated Frequently Asked Questions

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

4 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 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" McCormick & Company, Incorporated stock. 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 analyst ratings for McCormick & Company, Incorporated
or view top-rated stocks.

What is McCormick & Company, Incorporated's stock price forecast for 2022?

4 brokers have issued 1 year price objectives for McCormick & Company, Incorporated's shares. Their MKC stock forecasts range from $89.00 to $112.00. On average, they predict McCormick & Company, Incorporated's share price to reach $98.00 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts' price targets for McCormick & Company, Incorporated
or view top-rated stocks among Wall Street analysts.

How has McCormick & Company, Incorporated's stock price performed in 2022?

McCormick & Company, Incorporated's stock was trading at $96.61 at the beginning of 2022. Since then, MKC shares have decreased by 9.1% and is now trading at $87.84.
View the best growth stocks for 2022 here
.

Are investors shorting McCormick & Company, Incorporated?

McCormick & Company, Incorporated saw a increase in short interest in May. As of May 31st, there was short interest totaling 6,630,000 shares, an increase of 22.6% from the May 15th total of 5,410,000 shares. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 5.5 days.
View McCormick & Company, Incorporated's Short Interest
.

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

McCormick & Company, Incorporated is scheduled to release its next quarterly earnings announcement on Wednesday, June 29th 2022.
View our earnings forecast for McCormick & Company, Incorporated
.

How can I listen to McCormick & Company, Incorporated's earnings call?

McCormick & Company, Incorporated will be holding an earnings conference call on Wednesday, June 29th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13730100".

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

McCormick & Company, Incorporated (NYSE:MKC) issued its quarterly earnings results on Tuesday, March, 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.47 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 18.00% and a net margin of 11.77%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS.
View McCormick & Company, Incorporated's earnings history
.

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 30th. Stockholders of record on Monday, April 11th will be given a dividend of $0.37 per share on Monday, April 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, April 8th.
View McCormick & Company, Incorporated's dividend history
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated(NYSE:MKC) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.68%. McCormick & Company, Incorporated 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 of McCormick & Company, Incorporated is 53.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, McCormick & Company, Incorporated will have a dividend payout ratio of 43.53% next year. This indicates that McCormick & Company, Incorporated will be able to sustain or increase its dividend.
View McCormick & Company, Incorporated's dividend history.

When did McCormick & Company, Incorporated's stock split? How did McCormick & Company, Incorporated's stock split work?

McCormick & Company, Incorporated shares split on 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 market closes on Monday, November 30th 2020. An investor that had 100 shares of McCormick & Company, Incorporated 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 issued an update on its FY 2022 earnings guidance on Tuesday, April, 26th. The company provided earnings per share (EPS) guidance of $3.170-$3.220 for the period, compared to the consensus earnings per share estimate of $3.190. The company issued revenue guidance of $6.51 billion-$6.63 billion, compared to the consensus revenue estimate of $6.57 billion.

Who are McCormick & Company, Incorporated's key executives?

McCormick & Company, Incorporated's management team includes the following people:

What is Lawrence Kurzius' approval rating as McCormick & Company, Incorporated's CEO?

102 employees have rated McCormick & Company, Incorporated CEO Lawrence Kurzius on Glassdoor.com. Lawrence Kurzius has an approval rating of 83% among McCormick & Company, Incorporated'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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.80%), BlackRock Inc. (7.62%), State Street Corp (5.03%), Northern Trust Corp (1.35%), Capital Research Global Investors (1.01%) and Massachusetts Financial Services Co. MA (0.99%). Company insiders that own McCormick & Company, Incorporated 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 Aaron Conway, Michael D Mangan, Michael R Smith, Nneka Louise Rimmer and Patricia A Little.
View institutional ownership trends for McCormick & Company, Incorporated
.

Which major investors are selling McCormick & Company, Incorporated stock?

MKC stock was sold by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Lord Abbett & CO. LLC, APG Asset Management N.V., State Street Corp, Acadian Asset Management LLC, ProShare Advisors LLC, PEAK6 Investments LLC, and Invesco Ltd.. Company insiders that have sold McCormick & Company, Incorporated company stock in the last two years 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 insider buying and selling activity for McCormick & Company, Incorporated
or view top insider-selling stocks.

Which major investors are buying McCormick & Company, Incorporated stock?

MKC stock was purchased by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Westwood Holdings Group Inc., Mawer Investment Management Ltd., AEGON ASSET MANAGEMENT UK Plc, Vanguard Group Inc., Renaissance Technologies LLC, Huntington National Bank, and Caisse DE Depot ET Placement DU Quebec.
View insider buying and selling activity for McCormick & Company, Incorporated
or or view top insider-buying stocks.

How do I buy shares of McCormick & Company, Incorporated?

Shares of MKC 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 $87.84.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $23.55 billion and generates $6.32 billion in revenue each year. The company earns $755.30 million in net income (profit) each year or $2.769990 on an earnings per share basis.

How many employees does McCormick & Company, Incorporated have?

McCormick & Company, Incorporated employs 14,000 workers across the globe.

When was McCormick & Company, Incorporated founded?

McCormick & Company, Incorporated was founded in 1889.

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 McCormick & Company, Incorporated is www.mccormickcorporation.com. The company can be reached via phone at (410) 771-7301, via email at [email protected], or via fax at 410-771-7462.

This page (NYSE:MKC) was last updated on 6/27/2022 by MarketBeat.com Staff

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