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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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7 Wall Street research analysts have issued 12 month target prices for McCormick & Company, Incorporated's shares. Their MKC share price forecasts range from $63.00 to $112.00. On average, they expect the company's share price to reach $87.00 in the next twelve months. This suggests a possible upside of 16.9% from the stock's current price.
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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 10.2% and is now trading at $74.44.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
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McCormick & Company, Incorporated (NYSE:MKC) released its earnings results on Thursday, January, 26th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.86 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 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 revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS.
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McCormick & Company, Incorporated declared 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 2.10%. The ex-dividend date is Thursday, December 29th. This is an increase from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for MKC.

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.56 per share and currently has a dividend yield of 2.12%. 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 61.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 50.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MKC.

Shares of McCormick & Company, Incorporated split before market open 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 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 FY23 earnings guidance on Thursday, January, 26th. The company provided earnings per share (EPS) 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.

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 number of institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.48%), Natixis Advisors L.P. (0.24%), AMI Asset Management Corp (0.15%), Roffman Miller Associates Inc. PA (0.13%), Bartlett & Co. LLC (0.13%) and Boston Common Asset Management LLC (0.12%). 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 $74.44.

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $19.97 billion and generates $6.39 billion in revenue each year. The company earns $755.30 million in net income (profit) each year or $2.52 on an earnings per share basis.

The company employs 14,000 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.