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NYSE:MKC

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

$91.61
-0.46 (-0.50%)
(As of 08/19/2022 12:21 PM ET)
Add
Compare
Today's Range
$91.21
$92.07
50-Day Range
$80.95
$92.58
52-Week Range
$77.85
$107.35
Volume
9,059 shs
Average Volume
1.00 million shs
Market Capitalization
$24.58 billion
P/E Ratio
36.21
Dividend Yield
1.60%
Price Target
$99.00

McCormick & Company, Incorporated MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.4% Upside
$99.00 Price Target
Short Interest
Healthy
2.75% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.01mentions of McCormick & Company, Incorporated in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$893,375 Sold Last Quarter
Proj. Earnings Growth
9.97%
From $3.01 to $3.31 Per Share

Overall MarketRank

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

2.16 out of 5 stars

Consumer Staples Sector

74th out of 147 stocks

Miscellaneous Food Preparations & Kindred Products Industry

3rd out of 5 stocks

MKC stock logo

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

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MKC. Deutsche Bank Aktiengesellschaft reduced their price target on shares of McCormick & Company, Incorporated from $91.00 to $85.00 and set a "hold" rating for the company in a research note on Thursday, June 30th. Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Wednesday, July 6th. Finally, TheStreet lowered shares of McCormick & Company, Incorporated from a "b" rating to a "c+" rating in a research note on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $99.00.

McCormick & Company, Incorporated Price Performance

MKC Stock traded down $0.52 on Friday, hitting $91.55. 6,544 shares of the company's stock traded hands, compared to its average volume of 1,003,622. McCormick & Company, Incorporated has a 1-year low of $77.85 and a 1-year high of $107.35. The stock has a market cap of $24.56 billion, a price-to-earnings ratio of 36.39, a P/E/G ratio of 5.77 and a beta of 0.50. The stock has a fifty day moving average of $85.70 and a 200-day moving average of $93.73. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.85.

McCormick & Company, Incorporated (NYSE:MKC - Get Rating) last released its earnings results on Wednesday, June 29th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.17). McCormick & Company, Incorporated had a net margin of 10.78% and a return on equity of 16.48%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts forecast that McCormick & Company, Incorporated will post 3.01 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 25th. Stockholders of record on Monday, July 11th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, July 8th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.62%. McCormick & Company, Incorporated's dividend payout ratio is currently 58.50%.

Insider Activity

In other news, Director Margaret M. V. Preston sold 10,580 shares of the business's stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $84.44, for a total transaction of $893,375.20. Following the sale, the director now owns 12,660 shares in the company, valued at $1,069,010.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.90% of the stock is owned by company insiders.

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MKC Stock News Headlines

Why McCormick Just Lowered This Key Outlook Metric
Why McCormick Stock Is Moving Lower
McCormick Slashes FY22 Earnings Outlook - Update
McCormick Stock Looks Tasty Right Now
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MKC Company Calendar

Last Earnings
6/29/2022
Ex-Dividend for 7/25 Dividend
7/08/2022
Dividend Payable
7/25/2022
Today
8/19/2022
Next Earnings (Estimated)
9/29/2022
Fiscal Year End
11/30/2022

Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
14,000
Year Founded
1889

Price Target and Rating

Average Stock Price Forecast
$99.00
High Stock Price Forecast
$112.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$755.30 million
Pretax Margin
12.51%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$3.76 per share
Book Value
$16.56 per share

Miscellaneous

Free Float
225,638,000
Market Cap
$24.58 billion
Optionable
Optionable
Beta
0.50

Social Links


Key Executives

  • Mr. Lawrence E. KurziusMr. Lawrence E. Kurzius (Age 64)
    Chairman & CEO
    Comp: $4.62M
  • Mr. Brendan F. FoleyMr. Brendan F. Foley (Age 56)
    Pres & COO
    Comp: $2.01M
  • Mr. Michael R. SmithMr. Michael R. Smith (Age 57)
    Exec. VP & CFO
    Comp: $1.98M
  • Mr. Malcolm S. SwiftMr. Malcolm S. Swift (Age 62)
    Chief Admin. Officer & Pres of Global Flavor Solutions
    Comp: $1.95M
  • Mr. Jeffery D. Schwartz (Age 52)
    VP, Gen. Counsel & Corp. Sec.
    Comp: $1.5M
  • Kasey A. Jenkins
    VP of Investor Relations
  • Ms. Lori Amos Robinson
    VP of Corp. Communications, Corp. Branding and Culinary Marketing
  • Ms. Lisa B. ManzoneMs. Lisa B. Manzone (Age 57)
    Sr. VP of Human Relations
  • Mr. Robert P. Conrad
    VP & Treasurer
  • Mr. Randy L. Carper
    Pres of U.S. Industrial Group













MKC Stock - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 3 hold 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 2022?

3 equities research analysts have issued 1 year target prices for McCormick & Company, Incorporated's stock. Their MKC share price forecasts range from $85.00 to $112.00. On average, they predict the company's stock price to reach $99.00 in the next year. This suggests a possible upside of 7.5% 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 2022?

McCormick & Company, Incorporated's stock was trading at $96.61 on January 1st, 2022. Since then, MKC shares have decreased by 4.7% and is now trading at $92.07.
View the best growth stocks for 2022 here
.

When is McCormick & Company, Incorporated's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
View our MKC earnings forecast
.

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

McCormick & Company, Incorporated (NYSE:MKC) announced its quarterly earnings results on Wednesday, June, 29th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by $0.17. The business earned $1.54 billion during the quarter, compared to the consensus estimate of $1.61 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 16.48% and a net margin of 10.78%. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.69 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, June 28th. Shareholders of record on Monday, July 11th will be paid a dividend of $0.37 per share on Monday, July 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, July 8th.
Read our dividend analysis for MKC
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.60%. The company 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 is 58.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 44.71% 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 the morning of Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly created 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 FY 2022 earnings guidance on Wednesday, July, 27th. The company provided earnings per share (EPS) guidance of $3.03-$3.08 for the period, compared to the consensus earnings per share estimate of $3.17. The company issued revenue guidance of $6.51 billion-$6.63 billion, compared to the consensus revenue estimate of $6.59 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 investors include State Street Corp (4.92%), Franklin Resources Inc. (1.84%), Northern Trust Corp (1.32%), Massachusetts Financial Services Co. MA (0.98%), Nordea Investment Management AB (0.91%) and Champlain Investment Partners LLC (0.91%). 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 Aaron Conway, 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 $92.07.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $24.70 billion and generates $6.32 billion in revenue each year. The company earns $755.30 million in net income (profit) each year or $2.53 on an earnings per share basis.

How many employees does McCormick & Company, Incorporated have?

The company employs 14,000 workers across the globe.

When was McCormick & Company, Incorporated founded?

McCormick & Company, Incorporated was founded in 1889.

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 8/19/2022 by MarketBeat.com Staff

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