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. $81.49 +0.31 (+0.38%) (As of 03/29/2023 09:57 AM ET) Add Compare Share Share Today's Range$81.27▼$81.8850-Day Range$70.95▼$81.1852-Week Range$70.60▼$105.19Volume275,742 shsAverage Volume1.44 million shsMarket Capitalization$21.85 billionP/E Ratio32.34Dividend Yield1.91%Price Target$79.38 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media McCormick & Company, Incorporated MarketRank™ ForecastAnalyst RatingHold2.13 Rating ScoreUpside/Downside2.2% Downside$79.38 Price TargetShort InterestHealthy2.62% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.81Based on 26 Articles This WeekInsider TradingSelling Shares$375,000 Sold Last QuarterProj. Earnings Growth11.67%From $2.57 to $2.87 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.2.47 out of 5 starsConsumer Staples Sector39th out of 136 stocksMiscellaneous Food Preparations & Kindred Products Industry2nd out of 5 stocks 1.1 Analyst's Opinion Consensus RatingMcCormick & Company, Incorporated has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 3 buy ratings, 3 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $79.38, McCormick & Company, Incorporated has a forecasted downside of 2.2% from its current price of $81.18.Amount of Analyst CoverageMcCormick & Company, Incorporated has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.62% 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 5.5.Change versus previous monthShort interest in McCormick & Company, Incorporated has recently decreased by 8.34%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend YieldMcCormick & Company, Incorporated pays a meaningful dividend of 2.14%, 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 54.36% 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 3.8 News and Social Media Coverage News SentimentMcCormick & Company, Incorporated has a news sentiment score of 0.81. 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 higher news sentiment than the 0.52 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 26 news articles for McCormick & Company, Incorporated this week, compared to 6 articles on an average week.Search Interest18 people have searched for MKC on MarketBeat in the last 30 days. This is an increase of 125% compared to the previous 30 days.MarketBeat Follows16 people have added McCormick & Company, Incorporated to their MarketBeat watchlist in the last 30 days. This is an increase of 167% 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 $375,000.00 in company stock.Percentage Held by Insiders19.00% 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 11.67% in the coming year, from $2.57 to $2.87 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of McCormick & Company, Incorporated is 32.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.80.Price to Earnings Ratio vs. SectorThe P/E ratio of McCormick & Company, Incorporated is 32.21, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 18.26.Price to Earnings Growth RatioMcCormick & Company, Incorporated has a PEG Ratio of 4.10. 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 4.63. 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 HeadlinesMarch 28, 2023 | marketbeat.comThe Bottom Is In For McCormick & CompanyMcCormick had a solid quarter and gave good guidance but its value and yield make it less attractive than others in the staples group.March 24, 2023 | marketbeat.com14 Best Consumer Staples Dividend Stocks (MKC)Consumer staples dividend stocks may have consistent growth and low volatility. Check out the best consumer staples dividend stocks on our list.March 29, 2023 | Press Research (Ad)Lithium Could Be 2023's Next Big SurpriseLithium is the hottest commodity for our green futureMarch 10, 2023 | marketbeat.comThree Staples Stocks With Double-Digit Upside Ahead (MKC)Consumer staples stocks will return to favor as inflation rages on and the FOMC hikes rates above the 5.5% mark later this year.March 29, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (NYSE:MKC) Issues Earnings Results, Beats Expectations By $0.11 EPSMarch 28, 2023 | marketwatch.comMcCormick & Co. Inc. stock rises Tuesday, outperforms marketMarch 28, 2023 | finance.yahoo.comMcCormick & Company stock jumps after earnings beatMarch 28, 2023 | finanznachrichten.deMcCormick & Company, Incorporated Reports First Quarter Performance And Reaffirms 2023 OutlookMarch 29, 2023 | Press Research (Ad)Lithium Could Be 2023's Next Big SurpriseLithium is the hottest commodity for our green futureMarch 28, 2023 | msn.comMcCormick (MKC) Q1 Earnings Top Estimates, Sales Increase Y/YMarch 28, 2023 | ca.finance.yahoo.comMcCormick beats quarterly estimates on higher prices, reiterates outlookMarch 28, 2023 | finance.yahoo.comMcCormick (MKC) Tops Q1 Earnings and Revenue EstimatesMarch 28, 2023 | finance.yahoo.comMcCormick Q1 Highlights: 3% Sales Growth, Earnings Beat, Reaffirms FY23 Outlook & MoreMarch 28, 2023 | finance.yahoo.comMcCormick Needs More Spice, It's Fundamentally FlawedMarch 28, 2023 | finance.yahoo.comWhy McCormick Stock Soared TuesdayMarch 28, 2023 | finance.yahoo.comMcCORMICK REPORTS FIRST QUARTER PERFORMANCE AND REAFFIRMS 2023 OUTLOOKMarch 27, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (MKC) to Release Quarterly Earnings on TuesdayMarch 23, 2023 | thestreet.comMcCormick's Earnings Rally Won't Last -- Here's How to Trade ItMarch 23, 2023 | finance.yahoo.comWhy We Think McCormick & Company, Incorporated's (NYSE:MKC) CEO Compensation Is Not Excessive At AllMarch 23, 2023 | americanbankingnews.comMcCormick & Company, Incorporated (NYSE:MKC) Price Target Cut to $72.00March 20, 2023 | americanbankingnews.comDeutsche Bank Aktiengesellschaft Trims McCormick & Company, Incorporated (NYSE:MKC) Target Price to $69.00March 16, 2023 | finance.yahoo.comHere's What To Make Of McCormick's (NYSE:MKC) Decelerating Rates Of ReturnMarch 16, 2023 | marketwatch.comMcCormick & Co. Inc. stock rises Wednesday, outperforms marketMarch 13, 2023 | marketwatch.comMcCormick & Co. Inc. stock rises Monday, outperforms marketMarch 11, 2023 | msn.comUBS Initiates Coverage of McCormick & (MKC) with Sell RecommendationMarch 10, 2023 | msn.comExpert Ratings for McCormick & CoMarch 10, 2023 | finance.yahoo.com5 big analyst cuts: DocuSign stock slashed after earnings | Pro RecapSee 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 Earnings3/28/2023Today3/29/2023Fiscal 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$79.38 High Stock Price Forecast$94.00 Low Stock Price Forecast$63.00 Forecasted Upside/Downside-2.2%Consensus RatingHold Rating Score (0-4)2.13 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$2.52 Trailing P/E Ratio32.21 Forward P/E Ratio31.59 P/E Growth4.1Net 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 / Sales3.43 Cash Flow$3.67 per share Price / Cash Flow22.09 Book Value$17.53 per share Price / Book4.63Miscellaneous Outstanding Shares268,100,000Free Float217,163,000Market Cap$21.76 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 CompetitorsCloroxNYSE:CLXTyson FoodsNYSE:TSNChurch & DwightNYSE:CHDHormel FoodsNYSE:HRLInternational Flavors & FragrancesNYSE:IFFView All CompetitorsInsiders & InstitutionsProstatis Group LLCBought 703 shares on 3/23/2023Ownership: 0.003%ETF Managers Group LLCBought 285 shares on 3/23/2023Ownership: 0.003%Victory Capital Management Inc.Bought 53,299 shares on 3/10/2023Ownership: 0.077%Rockefeller Capital Management L.P.Bought 1,345 shares on 3/6/2023Ownership: 0.037%OLD Mission Capital LLCBought 515 shares on 3/6/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions MKC Stock - Frequently Asked Questions Should I buy or sell McCormick & Company, Incorporated stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 2 sell ratings, 3 hold ratings and 3 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. What is McCormick & Company, Incorporated's stock price forecast for 2023? 8 analysts have issued 12 month price objectives for McCormick & Company, Incorporated's shares. Their MKC share price forecasts range from $63.00 to $94.00. On average, they anticipate the company's share price to reach $79.38 in the next twelve months. This suggests that the stock has a possible downside of 2.2%. 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 stock has decreased by 2.1% and is now trading at $81.18. View the best growth stocks for 2023 here. How were McCormick & Company, Incorporated's earnings last quarter? McCormick & Company, Incorporated (NYSE:MKC) issued its earnings results on Tuesday, March, 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.11. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 14.76% and a net margin of 10.74%. The business's revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. 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. Stockholders 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 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, December 29th. This is a positive change from the stock's previous quarterly dividend of $0.37. Read our dividend analysis for MKC. What ETFs hold McCormick & Company, Incorporated's stock? ETFs with the largest weight of McCormick & Company, Incorporated (NYSE:MKC) stock in their portfolio include Natixis Vaughan Nelson Select ETF (VNSE), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), ProShares MSCI Transformational Changes ETF (ANEW), iShares MSCI Water Management Multisector ETF (IWTR), ProShares S&P 500 Aristocrats ETF (NOBL), ProShares Russell US Dividend Growers ETF (TMDV), FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and Putnam Sustainable Future ETF (PFUT). 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 2.14%. 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 61.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 54.36% 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 issued 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 issued an update on its FY23 earnings guidance on Tuesday, March, 28th. The company provided EPS guidance of $2.56-2.61 for the period, compared to the consensus earnings per share estimate of $2.57. The company issued revenue guidance of +5-7% yr/yr to ~$6.67-6.80 billion, compared to the consensus revenue estimate of $6.69 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 many different retail and institutional investors. Top institutional shareholders include Fundsmith LLP (5.78%), Moneta Group Investment Advisors LLC (2.15%), Geode Capital Management LLC (1.98%), Franklin Resources Inc. (1.83%), Nordea Investment Management AB (0.90%) and ProShare Advisors LLC (0.82%). 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 $81.18. How much money does McCormick & Company, Incorporated make? McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $21.76 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 3/29/2023 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. 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