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NYSE:MKC

McCormick & Company, Incorporated Stock Forecast, Price & News

$185.67
-6.54 (-3.40 %)
(As of 10/28/2020 12:00 AM ET)
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Compare
Today's Range
$185.40
Now: $185.67
$191.06
50-Day Range
$185.49
MA: $195.16
$202.69
52-Week Range
$112.22
Now: $185.67
$211.07
Volume443,360 shs
Average Volume756,173 shs
Market Capitalization$24.77 billion
P/E Ratio32.80
Dividend Yield1.29%
Beta0.43
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, Frank's RedHot, Lawry's, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names 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 or wholesalers. 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.
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McCormick & Company, Incorporated logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 out of 5 stars

Industry, Sector and Symbol

Industry Miscellaneous food preparations & kindred products
Sub-IndustryPackaged Foods & Meats
CUSIP57978020
Phone410-771-7301
Employees15,100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.35 billion
Cash Flow$6.20 per share
Book Value$29.58 per share

Profitability

Net Income$702.70 million

Miscellaneous

Market Cap$24.77 billion
Next Earnings Date1/26/2021 (Estimated)
OptionableOptionable
$185.67
-6.54 (-3.40 %)
(As of 10/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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McCormick & Company, Incorporated (NYSE:MKC) Frequently Asked Questions

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

McCormick & Company, Incorporated's stock was trading at $146.61 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MKC shares have increased by 26.6% and is now trading at $185.67.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of McCormick & Company, Incorporated?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for McCormick & Company, Incorporated
.

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

McCormick & Company, Incorporated is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for McCormick & Company, Incorporated
.

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

McCormick & Company, Incorporated (NYSE:MKC) announced its earnings results on Monday, October, 5th. The company reported $1.53 EPS for the quarter, topping the Zacks' consensus estimate of $1.52 by $0.01. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.39 billion. McCormick & Company, Incorporated had a return on equity of 20.93% and a net margin of 13.75%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business earned $1.46 earnings per share.
View McCormick & Company, Incorporated's earnings history
.

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, September 22nd. Shareholders of record on Monday, October 5th will be paid a dividend of $0.62 per share on Monday, October 19th. This represents a $2.48 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, October 2nd.
View McCormick & Company, Incorporated's dividend history
.

When did McCormick & Company, Incorporated's stock split? How did McCormick & Company, Incorporated's stock split work?

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 minted shares will be payable 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 issued an update on its FY20 earnings guidance on Tuesday, September, 29th. The company provided earnings per share guidance of $5.64-5.72 for the period, compared to the Thomson Reuters consensus estimate of $5.76. The company issued revenue guidance of +4-5% yr/yr to ~$5.56-5.61 billion, compared to the consensus revenue estimate of $5.53 billion.

What price target have analysts set for MKC?

10 analysts have issued 1 year price objectives for McCormick & Company, Incorporated's shares. Their forecasts range from $130.00 to $215.00. On average, they anticipate McCormick & Company, Incorporated's share price to reach $160.80 in the next year. This suggests that the stock has a possible downside of 13.4%.
View analysts' price targets for McCormick & Company, Incorporated
.

Are investors shorting McCormick & Company, Incorporated?

McCormick & Company, Incorporated saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,970,000 shares, an increase of 26.4% from the September 15th total of 2,350,000 shares. Based on an average daily volume of 527,100 shares, the short-interest ratio is currently 5.6 days.
View McCormick & Company, Incorporated's Short Interest
.

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), Home Depot (HD), Verizon Communications (VZ), Walmart (WMT), AT&T (T), Mastercard (MA) and Starbucks (SBUX).

Who are McCormick & Company, Incorporated's key executives?

McCormick & Company, Incorporated's management team includes the following people:
  • Mr. Lawrence E. Kurzius, Chairman, Pres & CEO (Age 62, Pay $6.17M)
  • Mr. Michael R. Smith, Exec. VP & CFO (Age 55, Pay $1.96M)
  • Mr. Malcolm S. Swift, Chief Admin. Officer & Pres of Global Flavor Solutions for EMEA (Age 60, Pay $1.82M)
  • Mr. Jeffery D. Schwartz, VP, Gen. Counsel & Corp. Sec. (Age 50, Pay $1.46M)
  • Mr. Brendan F. Foley, Pres of Global Consumer, Americas & Asia (Age 54, Pay $2.3M)

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 AMI Asset Management Corp (0.20%), Dearborn Partners LLC (0.17%), Crestwood Advisors Group LLC (0.15%), Bartlett & Co. LLC (0.14%), Bradley Foster & Sargent Inc. CT (0.13%) and CWM LLC (0.12%). Company insiders that own McCormick & Company, Incorporated stock include Alan D Wilson, Christina M Mcmullen, Jacques Tapiero, Lawrence Erik Kurzius, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Maritza Gomez Montiel, Michael Aaron Conway, Michael R Smith, Nneka Louise Rimmer 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 Retirement Systems of Alabama, KBC Group NV, Ziegler Capital Management LLC, Gilman Hill Asset Management LLC, State of Alaska Department of Revenue, Boston Trust Walden Corp, CWM LLC, and AMI Asset Management Corp. Company insiders that have sold McCormick & Company, Incorporated company stock in the last year include Christina M Mcmullen, Jacques Tapiero, Malcolm Swift, Margaret M V Preston, Maritza Gomez Montiel, Michael R Smith, and Patricia A Little.
View insider buying and selling activity for McCormick & Company, Incorporated
.

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

MKC stock was purchased by a variety of institutional investors in the last quarter, including Bradley Foster & Sargent Inc. CT, Trust Co. of Oklahoma, Confluence Wealth Management LLC, Howland Capital Management LLC, Crossmark Global Holdings Inc., Bristol John W & Co. Inc. NY, Avantax Advisory Services Inc., and Hall Laurie J Trustee.
View insider buying and selling activity for McCormick & Company, Incorporated
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is McCormick & Company, Incorporated's stock price today?

One share of MKC stock can currently be purchased for approximately $185.67.

How big of a company is McCormick & Company, Incorporated?

McCormick & Company, Incorporated has a market capitalization of $24.77 billion and generates $5.35 billion in revenue each year. The company earns $702.70 million in net income (profit) each year or $5.35 on an earnings per share basis. McCormick & Company, Incorporated employs 15,100 workers across the globe.

What is McCormick & Company, Incorporated's official website?

The official website for McCormick & Company, Incorporated is www.mccormickcorporation.com.

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 10/28/2020 by MarketBeat.com Staff

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