S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
S&P 500   4,397.94
DOW   34,265.37
QQQ   351.69
NYSE:MKC

McCormick & Company, Incorporated Stock Forecast, Price & News

$95.71
+0.37 (+0.39%)
(As of 01/21/2022 12:00 AM ET)
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Today's Range
$95.37
$96.94
50-Day Range
$82.69
$97.47
52-Week Range
$77.85
$98.80
Volume
1.25 million shs
Average Volume
1.52 million shs
Market Capitalization
$25.59 billion
P/E Ratio
34.06
Dividend Yield
1.55%
Beta
0.49
30 days | 90 days | 365 days | Advanced Chart
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McCormick & Company, Incorporated logo

About McCormick & Company, Incorporated

McCormick & Co., Inc. engages in the manufacture, market and distribution of spices, seasoning mixes, condiments and other flavorful products to retail outlets, food manufacturers and foodservice businesses. It operates through the following segments: Consumer and Flavor Solutions. The Consumer segment operates by selling to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce through the following brands: McCormick, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor and DaQiao. The Flavour Solutions segment provides products to multinational food manufacturers and foodservice customers. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

Headlines

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Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
13,000
Year Founded
1889

Sales & Book Value

Annual Sales
$5.60 billion
Cash Flow
$3.41 per share
Book Value
$14.76 per share

Profitability

Net Income
$747.40 million
Pretax Margin
14.57%

Debt

Price-To-Earnings

Miscellaneous

Free Float
230,161,000
Market Cap
$25.59 billion
Optionable
Optionable

Company Calendar

Last Earnings
9/29/2021
Ex-Dividend for 10/26 Dividend
10/08/2021
Dividend Payable
10/26/2021
Ex-Dividend for 1/10 Dividend
12/30/2021
Dividend Payable
1/10/2022
Today
1/23/2022
Next Earnings (Confirmed)
1/27/2022
Fiscal Year End
11/30/2022

Social Links


MarketRank

Overall MarketRank

2.62 out of 5 stars

Consumer Staples Sector

41st out of 184 stocks

Miscellaneous Food Preparations & Kindred Products Industry

3rd out of 6 stocks

Analyst Opinion: 1.0Community Rank: 4.0Dividend Strength: 4.2Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -












McCormick & Company, Incorporated (NYSE:MKC) Frequently Asked Questions

Is McCormick & Company, Incorporated a buy right now?

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

How has McCormick & Company, Incorporated's stock been impacted by Coronavirus?

McCormick & Company, Incorporated's stock was trading at $73.3050 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MKC stock has increased by 30.6% and is now trading at $95.71.
View which stocks have been most impacted by COVID-19
.

Are investors shorting McCormick & Company, Incorporated?

McCormick & Company, Incorporated saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 6,110,000 shares, an increase of 26.0% from the November 30th total of 4,850,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 4.4 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 Thursday, January 27th 2022.
View our earnings forecast for McCormick & Company, Incorporated
.

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

McCormick & Company, Incorporated will be holding an earnings conference call on Thursday, January 27th 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 "13725702".

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

McCormick & Company, Incorporated (NYSE:MKC) posted its quarterly earnings data on Wednesday, September, 29th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.08. The firm earned $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 19.23% and a net margin of 12.34%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share.
View McCormick & Company, Incorporated's earnings history
.

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 30th. Investors of record on Friday, December 31st will be given a dividend of $0.37 per share on Monday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, December 30th. This is a positive change from McCormick & Company, Incorporated's previous quarterly dividend of $0.34.
View McCormick & Company, Incorporated's dividend history
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.55%. 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 52.67%. 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 48.05% 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 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 market closes 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, October, 28th. The company provided earnings per share guidance of $2.970-$3.020 for the period, compared to the Thomson Reuters consensus estimate of $3.020. The company issued revenue guidance of $6.27 billion-$6.33 billion, compared to the consensus revenue estimate of $6.30 billion.

What price target have analysts set for MKC?

4 equities research analysts have issued twelve-month price objectives for McCormick & Company, Incorporated's stock. Their forecasts range from $89.00 to $100.00. On average, they anticipate McCormick & Company, Incorporated's share price to reach $92.67 in the next twelve months. This suggests that the stock has a possible downside of 3.2%.
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:
  • Lawrence Erik Kurzius, Chairman, President & Chief Executive Officer
  • Michael R. Smith, Chief Financial Officer & Executive Vice President
  • Jeffery Darrell Schwartz, Secretary, Vice President & General Counsel
  • Gregory P. Repas, Chief Accounting Officer, VP & Controller
  • Malcolm Stuart Swift, Chief Administrative Officer

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.

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 investors include Nordea Investment Management AB (1.33%), AMI Asset Management Corp (0.16%), Royal London Asset Management Ltd. (0.11%), Huntington National Bank (0.11%), Mcdaniel Terry & Co. (0.08%) and Stock Yards Bank & Trust Co. (0.08%). Company insiders that own McCormick & Company, Incorporated stock include Christina M Mcmullen, Freeman A Hrabowski III, Jacques Tapiero, Malcolm Swift, Margaret M V Preston, Maritza Gomez Montiel, Michael D Mangan, Michael R Smith and Patricia A Little.
View institutional ownership trends for McCormick & Company, Incorporated
.

Which institutional investors are selling McCormick & Company, Incorporated stock?

MKC stock was sold by a variety of institutional investors in the last quarter, including Moody National Bank Trust Division, Russell Investments Group Ltd., Crossmark Global Holdings Inc., AMI Asset Management Corp, Parallel Advisors LLC, Armstrong Henry H Associates Inc., Retirement Systems of Alabama, and Kovack Advisors Inc.. Company insiders that have sold McCormick & Company, Incorporated company stock in the last year include Freeman A Hrabowski III, and Maritza Gomez Montiel.
View insider buying and selling activity for McCormick & Company, Incorporated
or view top insider-selling stocks.

Which institutional investors are buying McCormick & Company, Incorporated stock?

MKC stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Huntington National Bank, Spring Capital Management LLC, Fenimore Asset Management Inc., First Hawaiian Bank, Wealthfront Advisers LLC, Mcdaniel Terry & Co., and DNB Asset Management AS.
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 $95.71.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated has a market capitalization of $25.59 billion and generates $5.60 billion in revenue each year. The company earns $747.40 million in net income (profit) each year or $2.81 on an earnings per share basis.

How many employees does McCormick & Company, Incorporated have?

McCormick & Company, Incorporated employs 13,000 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, via email at [email protected], or via fax at 410-771-7462.


This page was last updated on 1/23/2022 by MarketBeat.com Staff

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