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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 3 sell ratings, 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.
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9 Wall Street analysts have issued 12 month price targets for McCormick & Company, Incorporated's stock. Their MKC share price forecasts range from $66.00 to $94.00. On average, they predict the company's stock price to reach $79.89 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
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McCormick & Company, Incorporated's stock was trading at $82.89 on January 1st, 2023. Since then, MKC shares have decreased by 2.0% and is now trading at $81.20.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 5th 2023.
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McCormick & Company, Incorporated (NYSE:MKC) issued its quarterly earnings data on Tuesday, March, 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.10. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. McCormick & Company, Incorporated had a net margin of 10.74% and a trailing twelve-month return on equity of 14.76%. McCormick & Company, Incorporated's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share.
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McCormick & Company, Incorporated announced 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 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for MKC.

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).

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.

McCormick & Company, Incorporated shares split 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 market closes 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 updated its FY 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share (EPS) guidance of $2.56-$2.61 for the period, compared to the consensus estimate of $2.57. The company issued revenue guidance of $6.67 billion-$6.79 billion, compared to the consensus revenue estimate of $6.69 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 a variety of institutional and retail 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.
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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.
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One share of MKC stock can currently be purchased for approximately $81.20.

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $21.77 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.

The company employs 14,200 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.