NYSE:MKC McCormick & Company, Incorporated - MKC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding McCormick & Company, Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. $74.54 -0.43 (-0.57%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$73.87▼$76.0250-Day Range$73.46▼$86.6052-Week Range$71.19▼$107.35Volume1.20 million shsAverage Volume1.35 million shsMarket Capitalization$19.98 billionP/E Ratio29.58Dividend Yield2.09%Price Target$87.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media McCormick & Company, Incorporated MarketRank™ ForecastAnalyst RatingHold2.29 Rating ScoreUpside/Downside16.7% Upside$87.00 Price TargetShort InterestHealthy2.53% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.15Based on 23 Articles This WeekInsider TradingSelling Shares$410,000 Sold Last QuarterProj. Earnings Growth8.81%From $2.61 to $2.84 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.95 out of 5 starsConsumer Staples Sector4th out of 139 stocksMiscellaneous Food Preparations & Kindred Products Industry1st out of 5 stocks 3.1 Analyst's Opinion Consensus RatingMcCormick & Company, Incorporated has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 3 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $87.00, McCormick & Company, Incorporated has a forecasted upside of 16.7% from its current price of $74.54.Amount of Analyst CoverageMcCormick & Company, Incorporated has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.53% of the outstanding shares of McCormick & Company, Incorporated have been sold short.Short Interest Ratio / Days to CoverMcCormick & Company, Incorporated has a short interest ratio ("days to cover") of 5.8.Change versus previous monthShort interest in McCormick & Company, Incorporated has recently decreased by 2.59%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend YieldMcCormick & Company, Incorporated pays a meaningful dividend of 2.09%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMcCormick & Company, Incorporated has been increasing its dividend for 37 years.Dividend CoverageThe dividend payout ratio of McCormick & Company, Incorporated is 61.91%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, McCormick & Company, Incorporated will have a dividend payout ratio of 54.93% next year. This indicates that McCormick & Company, Incorporated will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MKC. Previous Next 2.9 News and Social Media Coverage News SentimentMcCormick & Company, Incorporated has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 23 news articles for McCormick & Company, Incorporated this week, compared to 5 articles on an average week.Search Interest19 people have searched for MKC on MarketBeat in the last 30 days. This is an increase of 850% compared to the previous 30 days.MarketBeat Follows6 people have added McCormick & Company, Incorporated to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, McCormick & Company, Incorporated insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $410,000.00 in company stock.Percentage Held by Insiders15.90% of the stock of McCormick & Company, Incorporated is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions79.15% of the stock of McCormick & Company, Incorporated is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for McCormick & Company, Incorporated are expected to grow by 8.81% in the coming year, from $2.61 to $2.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of McCormick & Company, Incorporated is 29.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.60.Price to Earnings Ratio vs. SectorThe P/E ratio of McCormick & Company, Incorporated is 29.58, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 15.02.Price to Earnings Growth RatioMcCormick & Company, Incorporated has a PEG Ratio of 4.13. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMcCormick & Company, Incorporated has a P/B Ratio of 4.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About McCormick & Company, Incorporated (NYSE:MKC) StockMcCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.Read More Receive MKC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for McCormick & Company, Incorporated and its competitors with MarketBeat's FREE daily newsletter. Email Address MKC Stock News HeadlinesFebruary 1, 2023 | finance.yahoo.comWhat the Smartest Investors Know About McCormick StockFebruary 1, 2023 | americanbankingnews.comJefferies Financial Group Comments on McCormick & Company, Incorporated's Q1 2023 Earnings (NYSE:MKC)February 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 31, 2023 | marketwatch.comMcCormick & Co. Inc. stock rises Tuesday, still underperforms marketJanuary 31, 2023 | finance.yahoo.comMcCormick brings the heat to Fortnite with a Frank's RedHot worldJanuary 30, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (NYSE:MKC) Price Target Lowered to $74.00 at Deutsche Bank AktiengesellschaftJanuary 30, 2023 | americanbankingnews.comJPMorgan Chase & Co. Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $63.00January 30, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (NYSE:MKC) Lifted to "Outperform" at Sanford C. BernsteinFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 29, 2023 | americanbankingnews.comJefferies Financial Group Weighs in on McCormick & Company, Incorporated's Q3 2023 Earnings (NYSE:MKC)January 28, 2023 | finance.yahoo.comMcCormick Full Year 2022 Earnings: Misses ExpectationsJanuary 28, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (NYSE:MKC) Shares Gap Down After Earnings MissJanuary 27, 2023 | finance.yahoo.comMcCormick & Company, Incorporated (NYSE:MKC) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | finance.yahoo.comMcCormick & Co. cutting 10% of U.S. supply chain staff to increase efficiency, profitabilityJanuary 26, 2023 | seekingalpha.comMcCormick & Company, Incorporated (MKC) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | finance.yahoo.comMcCormick misses the mark at year end as supply chain problems, inflation persistJanuary 26, 2023 | finance.yahoo.comDisappointing Earnings Makes This Stock a 'Show Me Story'January 26, 2023 | finanznachrichten.deMcCormick & Company, Incorporated: McCORMICK REPORTS 2022 FINANCIAL RESULTS AND PROVIDES 2023 OUTLOOKJanuary 26, 2023 | finanznachrichten.deMcCormick & Company Reports 2022 Financial Results and Provides 2023 OutlookJanuary 26, 2023 | finance.yahoo.comMcCormick (MKC) Q4 Earnings & Sales Miss Estimates, Decline Y/YJanuary 26, 2023 | finance.yahoo.comMcCormick stock falls after it misses profit target and warns of 2023 earnings shortfallJanuary 26, 2023 | finance.yahoo.comMcCormick (MKC) Misses Q4 Earnings and Revenue EstimatesJanuary 26, 2023 | finance.yahoo.comMcCormick Q4 Earnings Miss Street View Impacted By COVID-Related Disruptions In ChinaJanuary 26, 2023 | finance.yahoo.comMcCormick misses on Q4 earnings, issues weaker-than-expected guidanceJanuary 26, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (NYSE:MKC) Updates FY 2023 Earnings GuidanceJanuary 26, 2023 | finance.yahoo.comMcCORMICK REPORTS 2022 FINANCIAL RESULTS AND PROVIDES 2023 OUTLOOKJanuary 25, 2023 | marketwatch.comMcCormick & Co. Inc. stock falls Wednesday, underperforms marketSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MKC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for McCormick & Company, Incorporated and its competitors with MarketBeat's FREE daily newsletter. Email Address MKC Company Calendar Ex-Dividend for 1/9 Dividend12/29/2022Dividend Payable1/09/2023Last Earnings1/26/2023Today2/04/2023Next Earnings (Estimated)4/04/2023Fiscal Year End11/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Miscellaneous food preparations & kindred products Sub-IndustryPackaged Foods & Meats SectorConsumer Staples Current SymbolNYSE:MKC CUSIP57978020 CIK63754 Webwww.mccormickcorporation.com Phone(410) 771-7301Fax410-771-7462Employees14,200Year Founded1889Price Target and Rating Average Stock Price Forecast$87.00 High Stock Price Forecast$112.00 Low Stock Price Forecast$63.00 Forecasted Upside/Downside+16.7%Consensus RatingHold Rating Score (0-4)2.29 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$2.52 Trailing P/E Ratio29.58 Forward P/E Ratio28.56 P/E Growth4.13Net Income$682 million Net Margins10.74% Pretax Margin12.80% Return on Equity14.76% Return on Assets5.26% Debt Debt-to-Equity Ratio0.78 Current Ratio0.70 Quick Ratio0.30 Sales & Book Value Annual Sales$6.35 billion Price / Sales3.15 Cash Flow$3.30 per share Price / Cash Flow22.59 Book Value$17.52 per share Price / Book4.25Miscellaneous Outstanding Shares268,100,000Free Float225,474,000Market Cap$19.98 billion OptionableOptionable Beta0.56 Social Links Key ExecutivesLawrence Erik KurziusChairman & Chief Executive OfficerBrendan M. FoleyPresident & Chief Operating OfficerMichael R. SmithChief Financial Officer & Executive Vice PresidentJeffery Darrell SchwartzSecretary, Vice President & General CounselGregory P. RepasChief Accounting Officer, VP & ControllerKey CompetitorsChewyNYSE:CHWYChurch & DwightNYSE:CHDCloroxNYSE:CLXConagra BrandsNYSE:CAGKelloggNYSE:KView All CompetitorsInsiders & InstitutionsNichols & Pratt Advisers LLP MASold 425 shares on 2/3/2023Ownership: 0.025%Cutter & CO Brokerage Inc.Sold 1,035 shares on 2/3/2023Ownership: 0.016%Securian Asset Management Inc.Bought 588 shares on 2/3/2023Ownership: 0.008%Ellevest Inc.Bought 930 shares on 2/3/2023Ownership: 0.002%U.S. Capital Wealth Advisors LLCBought 1,715 shares on 2/3/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions MKC Stock - Frequently Asked Questions Should I buy or sell McCormick & Company, Incorporated stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 1 sell rating, 3 hold ratings and 3 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? 7 equities research analysts have issued twelve-month price objectives for McCormick & Company, Incorporated's shares. Their MKC share price forecasts range from $63.00 to $112.00. On average, they predict the company's stock price to reach $87.00 in the next twelve months. This suggests a possible upside of 16.7% 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 at the beginning of the year. Since then, MKC stock has decreased by 10.1% and is now trading at $74.54. 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, April 4th 2023. View our MKC earnings forecast. How were McCormick & Company, Incorporated's earnings last quarter? McCormick & Company, Incorporated (NYSE:MKC) posted its earnings results on Thursday, January, 26th. The company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.86 by $0.13. The company earned $1.70 billion during the quarter, compared to analysts' expectations of $1.77 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 14.76% and a net margin of 10.74%. McCormick & Company, Incorporated's revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 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 declared a quarterly dividend on Tuesday, November 29th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.39 per share on Monday, January 9th. This represents a $1.56 annualized dividend and a yield of 2.09%. The ex-dividend date is Thursday, December 29th. This is a boost from the stock's previous quarterly dividend of $0.37. 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 2.06%. 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 61.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 54.93% 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 before market open 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 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 FY23 earnings guidance on Thursday, January, 26th. The company provided earnings per share guidance of $2.56-2.61 for the period, compared to the consensus earnings per share estimate of $2.90. The company issued revenue guidance of +5-7% yr/yr to ~$6.67-6.80 billion, compared to the consensus revenue estimate of $6.65 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). 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 variety of institutional and retail investors. Top institutional shareholders include ProShare Advisors LLC (0.82%), Vaughan Nelson Investment Management L.P. (0.81%), Congress Asset Management Co. MA (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Natixis Advisors L.P. (0.24%) and Reik & CO. LLC (0.18%). 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. 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 $74.54. How much money does McCormick & Company, Incorporated make? McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $19.98 billion and generates $6.35 billion in revenue each year. The company earns $682 million in net income (profit) each year or $2.52 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 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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