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NYSE:MKC

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

$73.79
-0.79 (-1.06%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$73.68
$74.46
50-Day Range
$73.46
$86.60
52-Week Range
$71.19
$107.35
Volume
1.21 million shs
Average Volume
1.33 million shs
Market Capitalization
$19.78 billion
P/E Ratio
29.28
Dividend Yield
2.07%
Price Target
$87.00

McCormick & Company, Incorporated MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
17.9% Upside
$87.00 Price Target
Short Interest
Healthy
2.53% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.43mentions of McCormick & Company, Incorporated in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$410,000 Sold Last Quarter
Proj. Earnings Growth
8.81%
From $2.61 to $2.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.97 out of 5 stars

Consumer Staples Sector

4th out of 137 stocks

Miscellaneous Food Preparations & Kindred Products Industry

1st out of 5 stocks

MKC stock logo

About McCormick & Company, Incorporated (NYSE:MKC) Stock

McCormick & 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.

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MKC Stock News Headlines

Is This Proven Dividend Stock a Buy?
Better Buy: McCormick vs. Procter & Gamble
New Years, New Ways To Trade!
If you’ve been considering options trading but don’t know where to start, trading champion Chuck Hughes’ coveted guide, “Options Trading Made Easy” is for you! Free for a limited time, this guide could help 2023 become your most profitable year yet! Click here for a free copy now! pixel
What the Smartest Investors Know About McCormick Stock
New Years, New Ways To Trade!
If you’ve been considering options trading but don’t know where to start, trading champion Chuck Hughes’ coveted guide, “Options Trading Made Easy” is for you! Free for a limited time, this guide could help 2023 become your most profitable year yet! Click here for a free copy now! pixel
McCormick Full Year 2022 Earnings: Misses Expectations
Disappointing Earnings Makes This Stock a 'Show Me Story'
McCormick (MKC) Misses Q4 Earnings and Revenue Estimates
See More Headlines
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MKC Company Calendar

Ex-Dividend for 1/9 Dividend
12/29/2022
Dividend Payable
1/09/2023
Last Earnings
1/26/2023
Today
2/08/2023
Next Earnings (Estimated)
4/04/2023
Fiscal Year End
11/30/2023

Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
14,200
Year Founded
1889

Price Target and Rating

Average Stock Price Forecast
$87.00
High Stock Price Forecast
$112.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+17.9%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$682 million
Pretax Margin
12.80%

Debt

Sales & Book Value

Annual Sales
$6.35 billion
Cash Flow
$3.23 per share
Book Value
$17.53 per share

Miscellaneous

Free Float
225,474,000
Market Cap
$19.78 billion
Optionable
Optionable
Beta
0.56

Social Links


Key Executives

  • Lawrence Erik KurziusLawrence Erik Kurzius
    Chairman & Chief Executive Officer
  • Brendan M. FoleyBrendan M. Foley
    President & Chief Operating Officer
  • Michael R. SmithMichael R. Smith
    Chief Financial Officer & Executive Vice President
  • Jeffery Darrell Schwartz
    Secretary, Vice President & General Counsel
  • Gregory P. Repas
    Chief Accounting Officer, VP & Controller













MKC Stock - Frequently Asked Questions

Should I buy or sell McCormick & Company, Incorporated stock right now?

7 Wall Street 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 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 analysts have issued twelve-month target prices 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 17.9% 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 2023. Since then, MKC shares have decreased by 11.0% and is now trading at $73.79.
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) released its quarterly earnings data on Thursday, January, 26th. The company reported $0.73 earnings per share (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%. The firm's revenue was down 2.0% compared to the same quarter last year. During the same quarter 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 announced a quarterly dividend on Tuesday, November 29th. Investors 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 annualized dividend and a yield of 2.11%. 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
.

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 2.07%. 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 54.93% 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's stock 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 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 many different institutional and retail investors. Top institutional investors include Nordea Investment Management AB (0.90%), ProShare Advisors LLC (0.82%), Vaughan Nelson Investment Management L.P. (0.81%), Congress Asset Management Co. MA (0.48%), Swiss National Bank (0.38%) and Sumitomo Mitsui Trust Holdings Inc. (0.28%). 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 $73.79.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $19.78 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 2/8/2023 by MarketBeat.com Staff