NYSE:MKC

McCormick & Company, Incorporated Stock Forecast, Price & News

$86.27
+0.16 (+0.19 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$85.76
$86.80
50-Day Range
$83.18
$88.61
52-Week Range
$82.03
$101.67
Volume2.39 million shs
Average Volume1.25 million shs
Market Capitalization$23.06 billion
P/E Ratio30.98
Dividend Yield1.58%
Beta0.48
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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.

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MarketRank

Overall MarketRank

2.66 out of 5 stars

Consumer Staples Sector

24th out of 179 stocks

Miscellaneous Food Preparations & Kindred Products Industry

3rd out of 6 stocks

Analyst Opinion: 2.1Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -
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McCormick & Company, Incorporated (NYSE:MKC) Frequently Asked Questions

Is McCormick & Company, Incorporated a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

What stocks does MarketBeat like better than McCormick & Company, Incorporated?

Wall Street analysts have given McCormick & Company, Incorporated a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but McCormick & Company, Incorporated wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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When is McCormick & Company, Incorporated's next earnings date?

McCormick & Company, Incorporated is scheduled to release its next quarterly earnings announcement on Thursday, September 30th 2021.
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, September 30th 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 "13722560".

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

McCormick & Company, Incorporated (NYSE:MKC) announced its quarterly earnings results on Wednesday, June, 30th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The business earned $1.56 billion during the quarter, compared to the consensus estimate of $1.47 billion. McCormick & Company, Incorporated had a net margin of 12.48% and a trailing twelve-month return on equity of 19.50%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share.
View McCormick & Company, Incorporated's earnings history
.

How has McCormick & Company, Incorporated's stock price been impacted by COVID-19 (Coronavirus)?

McCormick & Company, Incorporated's stock was trading at $73.3050 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MKC stock has increased by 17.7% and is now trading at $86.27.
View which stocks have been most impacted by COVID-19
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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 29th. Shareholders of record on Monday, July 12th will be given a dividend of $0.34 per share on Monday, July 26th. This represents a $1.36 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, July 9th.
View McCormick & Company, Incorporated's dividend history
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.58%. The dividend payout ratio of McCormick & Company, Incorporated is 48.06%. 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 42.90% 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?

Shares of McCormick & Company, Incorporated split on Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly created shares were issued to shareholders after the closing bell 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 updated its FY 2021 earnings guidance on Thursday, July, 29th. The company provided earnings per share (EPS) guidance of $3.000-$3.050 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.000. The company issued revenue guidance of $6.22 billion-$6.33 billion, compared to the consensus revenue estimate of $6.12 billion.

What price target have analysts set for MKC?

5 equities research analysts have issued twelve-month target prices for McCormick & Company, Incorporated's stock. Their forecasts range from $89.00 to $107.50. On average, they expect McCormick & Company, Incorporated's share price to reach $96.88 in the next year. This suggests a possible upside of 12.3% from the stock's current price.
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
  • Christina M. McMullen, 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.

Who are some of McCormick & Company, Incorporated's key competitors?

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), The Walt Disney (DIS), AbbVie (ABBV), The 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.44%), BlackRock Inc. (7.18%), State Street Corp (4.77%), Franklin Resources Inc. (1.69%), Geode Capital Management LLC (1.69%) and Northern Trust Corp (1.03%). Company insiders that own McCormick & Company, Incorporated stock include Christina M Mcmullen, Freeman A Hrabowski III, Jacques Tapiero, 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 for McCormick & Company, Incorporated
.

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

MKC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Swiss National Bank, Renaissance Technologies LLC, Nuveen Asset Management LLC, Sawgrass Asset Management LLC, Vanguard Group Inc., Cibc World Markets Corp, and JPMorgan Chase & Co.. Company insiders that have sold McCormick & Company, Incorporated company stock in the last year include Freeman A Hrabowski III, and Michael D Mangan.
View insider buying and selling activity for McCormick & Company, Incorporated
or view top insider-selling stocks.

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

MKC stock was acquired by a variety of institutional investors in the last quarter, including Parnassus Investments CA, State Street Corp, Amundi, Roffman Miller Associates Inc. PA, Champlain Investment Partners LLC, Impax Asset Management Group plc, Balyasny Asset Management LLC, and Haverford Trust Co..
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 $86.27.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated has a market capitalization of $23.06 billion and generates $5.60 billion in revenue each year. The company earns $747.40 million in net income (profit) each year or $2.83 on an earnings per share basis.

How many employees does McCormick & Company, Incorporated have?

McCormick & Company, Incorporated employs 15,500 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 or via email at [email protected].


This page was last updated on 9/19/2021 by MarketBeat.com Staff
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