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MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Better Than Oil Stocks? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Better Than Oil Stocks? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Better Than Oil Stocks? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
NYSE:MKC

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

$75.64
+0.99 (+1.33%)
(As of 09/29/2023 ET)
Compare
Today's Range
$75.02
$76.13
50-Day Range
$74.09
$89.93
52-Week Range
$70.60
$94.39
Volume
1.66 million shs
Average Volume
1.11 million shs
Market Capitalization
$20.30 billion
P/E Ratio
29.20
Dividend Yield
2.06%
Price Target
$83.92

McCormick & Company, Incorporated MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
10.9% Upside
$83.92 Price Target
Short Interest
Healthy
2.47% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of McCormick & Company, Incorporated in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.42 M Sold Last Quarter
Proj. Earnings Growth
9.77%
From $2.66 to $2.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Consumer Staples Sector

23rd out of 135 stocks

Miscellaneous Food Preparations & Kindred Products Industry

1st out of 4 stocks


MKC stock logo

About McCormick & Company, Incorporated (NYSE:MKC) Stock

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 LA Drogheria, 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. McCormick & Company, Incorporated was founded in 1889 and is headquartered in Hunt Valley, Maryland.

MKC Price History

MKC Stock News Headlines

McCormick declares $0.39 dividend
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Goldman Sachs Keeps Their Sell Rating on McCormick & Company (MKC)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
2 Undervalued Dividend Aristocrats for Growth and Income
Flowers Foods (FLO) Looks Well-Placed on Pricing, Buyouts
Church & Dwight (CHD) Thrives on Solid Brands & Pricing
Lamb Weston (LW) Gains on Pricing Actions Amid High Costs
Medifast (MED) Gains on OPTAVIA Lifestyle Solution Strength
McCormick & Company, Incorporated (MKC-V)
See More Headlines
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MKC Company Calendar

Last Earnings
3/28/2023
Ex-Dividend for 7/24 Dividend
7/07/2023
Dividend Payable
7/24/2023
Today
9/30/2023
Next Earnings (Confirmed)
10/03/2023
Ex-Dividend for 10/24 Dividend
10/06/2023
Dividend Payable
10/24/2023
Fiscal Year End
11/30/2023

Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
14,200
Year Founded
1889

Price Target and Rating

Average Stock Price Forecast
$83.92
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$71.00
Forecasted Upside/Downside
+10.9%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$682 million
Pretax Margin
12.96%

Debt

Sales & Book Value

Annual Sales
$6.35 billion
Cash Flow
$3.34 per share
Book Value
$17.53 per share

Miscellaneous

Free Float
217,345,000
Market Cap
$20.30 billion
Optionable
Optionable
Beta
0.59

Social Links

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Key Executives

  • Mr. Lawrence E. KurziusMr. Lawrence E. Kurzius (Age 65)
    Exec. Chairman
    Comp: $1.83M
  • Mr. Brendan M. FoleyMr. Brendan M. Foley (Age 57)
    Pres, CEO & Director
    Comp: $1.15M
  • Mr. Michael R. SmithMr. Michael R. Smith (Age 58)
    Exec. VP & CFO
    Comp: $980.65k
  • Mr. Jeffery D. Schwartz (Age 53)
    VP, Gen. Counsel & Corp. Sec.
    Comp: $802.88k
  • Mr. Malcolm S. SwiftMr. Malcolm S. Swift (Age 63)
    Exec. VP
    Comp: $750.18k
  • Ms. Lori Amos Robinson
    VP of Corp. Communications, Corp. Branding and Culinary Marketing
  • Ms. Sarah J. Piper (Age 46)
    Chief Human Relations Officer
  • Ms. Kasey A. Jenkins
    Chief Growth Officer
  • Ms. Ana Sanchez
    Pres of Europe & Middle East and Africa (EMEA)
  • Mr. Andrew Foust
    Pres of Americas













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 year. There are currently 2 sell ratings, 4 hold ratings and 4 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 Wall Street research analysts have issued 1 year price objectives for McCormick & Company, Incorporated's shares. Their MKC share price forecasts range from $71.00 to $100.00. On average, they anticipate the company's share price to reach $83.92 in the next year. This suggests a possible upside of 10.9% 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 2023?

McCormick & Company, Incorporated's stock was trading at $82.89 on January 1st, 2023. Since then, MKC shares have decreased by 8.7% and is now trading at $75.64.
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 Tuesday, October 3rd 2023.
View our MKC earnings forecast
.

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

McCormick & Company, Incorporated will be holding an earnings conference call on Tuesday, October 3rd 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 "13741008".

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 (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.10. The firm earned $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. McCormick & Company, Incorporated had a net margin of 10.74% and a trailing twelve-month return on equity of 14.76%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS.
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 announced a quarterly dividend on Thursday, September 28th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.39 per share on Tuesday, October 24th. This represents a $1.56 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, October 6th.
Read our dividend analysis for MKC
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.56 per share and currently has a dividend yield of 2.09%. 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 60.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 53.42% 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 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 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."

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 $75.64.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $20.30 billion and generates $6.35 billion in revenue each year. The company earns $682 million in net income (profit) each year or $2.59 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 9/30/2023 by MarketBeat.com Staff

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