NYSE:MKC

McCormick & Company, Incorporated Stock Forecast, Price & News

$84.64
+0.47 (+0.56 %)
(As of 08/2/2021 11:50 AM ET)
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Today's Range
$83.90
$84.68
50-Day Range
$84.17
$90.60
52-Week Range
$82.03
$105.54
Volume8,625 shs
Average Volume1.32 million shs
Market Capitalization$22.62 billion
P/E Ratio30.39
Dividend Yield1.62%
Beta0.48
30 days | 90 days | 365 days | Advanced Chart
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McCormick & Company, Incorporated logo

About McCormick & Company, Incorporated

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers rice, spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, 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 brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; McCormick, Aeroplane, and Gourmet Garden brand names in Australia; and Kohinoor brand in India, 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 or wholesalers. 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.

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MarketRank

Overall MarketRank

2.81 out of 5 stars

Consumer Staples Sector

20th out of 330 stocks

Miscellaneous Food Preparations & Kindred Products Industry

2nd out of 10 stocks

Analyst Opinion: 2.0Community Rank: 4.1Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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McCormick & Company, Incorporated (NYSE:MKC) Frequently Asked Questions

Is McCormick & Company, Incorporated a buy right now?

3 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 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 stocks does MarketBeat like better than McCormick & Company, Incorporated?

Wall Street analysts have given McCormick & Company, Incorporated a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but McCormick & Company, Incorporated wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting McCormick & Company, Incorporated?

McCormick & Company, Incorporated saw a drop in short interest in June. As of June 30th, there was short interest totaling 100 shares, a drop of 100.0% from the June 15th total of 4,420,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 0.0 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 Tuesday, October 5th 2021.
View our earnings forecast for McCormick & Company, Incorporated
.

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

McCormick & Company, Incorporated (NYSE:MKC) announced its quarterly earnings data on Wednesday, June, 30th. The company reported $0.69 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.62 by $0.07. The business had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.47 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 19.50% and a net margin of 12.48%. McCormick & Company, Incorporated's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share.
View McCormick & Company, Incorporated's earnings history
.

How has McCormick & Company, Incorporated's stock price been impacted by COVID-19 (Coronavirus)?

McCormick & Company, Incorporated's stock was trading at $73.3050 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MKC shares have increased by 15.1% and is now trading at $84.39.
View which stocks have been most impacted by COVID-19
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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 Tuesday, June 29th. Shareholders of record on Monday, July 12th will be given a dividend of $0.34 per share on Monday, July 26th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, July 9th.
View McCormick & Company, Incorporated's dividend history
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.62%. 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 48.06%. 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 43.17% 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 before market open on Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly minted shares were issued to shareholders after the closing bell 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 2021 earnings guidance on Thursday, July, 29th. The company provided earnings per share guidance of $3.000-$3.050 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.000. The company issued revenue guidance of $6.22 billion-$6.33 billion, compared to the consensus revenue estimate of $6.12 billion.

What price target have analysts set for MKC?

3 brokers have issued 1 year target prices for McCormick & Company, Incorporated's shares. Their forecasts range from $89.00 to $107.50. On average, they anticipate McCormick & Company, Incorporated's stock price to reach $98.25 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
View analysts' price targets for McCormick & Company, Incorporated
or view top-rated stocks among Wall Street analysts.

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

McCormick & Company, Incorporated's management team includes the following people:
  • Mr. Lawrence E. Kurzius, Chairman, Pres & CEO (Age 63, Pay $7.89M)
  • Mr. Michael R. Smith, Exec. VP & CFO (Age 56, Pay $2.64M)
  • Mr. Malcolm S. Swift, Chief Admin. Officer & Pres of Global Flavor Solutions for EMEA (Age 61, Pay $2.26M)
  • Mr. Jeffery D. Schwartz, VP, Gen. Counsel & Corp. Sec. (Age 51, Pay $1.79M)
  • Mr. Brendan F. Foley, Pres of Global Consumer, Americas & Asia (Age 55, Pay $3.04M)
  • Ms. Christina M. McMullen, VP, Controller & Chief Accounting Officer (Age 65)
  • Kasey A. Jenkins, VP of Investor Relations
  • Ms. Lori Amos Robinson, VP of Corp. Communications, Corp. Branding and Culinary Marketing
  • Ms. Lisa B. Manzone, Sr. VP of Human Relations (Age 56)
  • Ms. Nneka Louise Rimmer, Pres of Global Flavors & Extracts (Age 49)

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.

Who are some of McCormick & Company, Incorporated's key competitors?

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), The Walt Disney (DIS), AbbVie (ABBV), The 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 a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.33%), Bartlett & Co. LLC (0.13%), Alliancebernstein L.P. (0.13%), Gofen & Glossberg LLC IL (0.10%), Howland Capital Management LLC (0.09%) and NS Partners Ltd (0.09%). Company insiders that own McCormick & Company, Incorporated stock include Christina M Mcmullen, Jacques Tapiero, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Maritza Gomez Montiel, Michael Aaron Conway, Michael D Mangan, Michael R Smith 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 Baldwin Brothers Inc. MA, Sumitomo Mitsui Trust Holdings Inc., Ziegler Capital Management LLC, Raab & Moskowitz Asset Management LLC, Alliancebernstein L.P., Boston Trust Walden Corp, Whittier Trust Co., and Town & Country Bank & Trust CO dba First Bankers Trust CO. Company insiders that have sold McCormick & Company, Incorporated company stock in the last year include Jacques Tapiero, and Michael D Mangan.
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 bought by a variety of institutional investors in the last quarter, including Sarasin & Partners LLP, NS Partners Ltd, Howland Capital Management LLC, Sage Capital Advisors llc, CBOE Vest Financial LLC, Taylor Frigon Capital Management LLC, Stratos Wealth Advisors LLC, and Brookstone Capital Management.
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 $84.39.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated has a market capitalization of $22.55 billion and generates $5.60 billion in revenue each year. The company earns $747.40 million in net income (profit) each year or $2.83 on an earnings per share basis.

How many employees does McCormick & Company, Incorporated have?

McCormick & Company, Incorporated employs 15,500 workers across the globe.

When was McCormick & Company, Incorporated founded?

McCormick & Company, Incorporated was founded in 1889.

What is McCormick & Company, Incorporated's official website?

The official website for McCormick & Company, Incorporated is www.mccormickcorporation.com.

Where are McCormick & Company, Incorporated's headquarters?

McCormick & Company, Incorporated is headquartered at 24 Schilling Road Suite 1, Hunt Valley MD, 21031.

How can I contact McCormick & Company, Incorporated?

McCormick & Company, Incorporated's mailing address is 24 Schilling Road Suite 1, Hunt Valley MD, 21031. The company can be reached via phone at 410-771-7301 or via email at [email protected]


This page was last updated on 8/2/2021 by MarketBeat.com Staff
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