McCormick & Company, Incorporated - MKC Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 4 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.

6 brokers have issued twelve-month target prices for McCormick & Company, Incorporated's shares. Their MKC share price forecasts range from $79.00 to $112.00. On average, they predict the company's stock price to reach $93.50 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts price targets for MKC or view top-rated stocks among Wall Street analysts.

McCormick & Company, Incorporated's stock was trading at $96.61 at the start of the year. Since then, MKC stock has decreased by 13.3% and is now trading at $83.75.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our MKC earnings forecast.

McCormick & Company, Incorporated (NYSE:MKC) issued its quarterly earnings results on Thursday, October, 6th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.04. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. McCormick & Company, Incorporated had a net margin of 10.86% and a trailing twelve-month return on equity of 15.65%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share.
Read the conference call transcript.

McCormick & Company, Incorporated declared a quarterly dividend on Tuesday, November 29th. Shareholders of record on Friday, December 30th will be given a dividend of $0.39 per share on Monday, January 9th. This represents a $1.56 dividend on an annualized basis and a yield of 1.86%. This is a positive change from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for MKC.

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.77%. 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 57.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 49.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MKC.

Shares of McCormick & Company, Incorporated split on the morning of Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly issued 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 issued an update on its FY 2022 earnings guidance on Thursday, October, 27th. The company provided earnings per share guidance of $2.63-$2.68 for the period, compared to the consensus estimate of $2.84. The company issued revenue guidance of $6.32 billion-$6.44 billion, compared to the consensus revenue estimate of $6.47 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "MKC."

McCormick & Company, Incorporated's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.12%), State Street Corp (5.13%), Massachusetts Financial Services Co. MA (1.26%), Nordea Investment Management AB (0.91%), Vaughan Nelson Investment Management L.P. (0.86%) and Bank of New York Mellon Corp (0.77%). Insiders that own company 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 D Mangan, Michael R Smith and Patricia A Little.
View institutional ownership trends.

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.

One share of MKC stock can currently be purchased for approximately $83.75.

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $22.46 billion and generates $6.32 billion in revenue each year. The company earns $755.30 million in net income (profit) each year or $2.56 on an earnings per share basis.

The company employs 14,000 workers across the globe.

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.