QQQ   295.58 (+0.76%)
AAPL   146.26 (+1.60%)
MSFT   248.43 (+0.17%)
META   151.16 (+2.62%)
GOOGL   99.22 (+1.74%)
AMZN   102.12 (+2.92%)
TSLA   173.34 (+8.15%)
NVDA   201.13 (+1.57%)
NIO   12.36 (+1.56%)
BABA   117.76 (-2.33%)
AMD   75.72 (+0.75%)
T   19.89 (-0.55%)
MU   63.21 (+0.65%)
F   13.14 (+1.70%)
CGC   2.87 (+3.99%)
GE   83.35 (+2.72%)
DIS   109.79 (+0.08%)
AMC   5.18 (-1.89%)
PFE   44.09 (-0.36%)
PYPL   81.83 (+1.26%)
NFLX   362.87 (-0.55%)
QQQ   295.58 (+0.76%)
AAPL   146.26 (+1.60%)
MSFT   248.43 (+0.17%)
META   151.16 (+2.62%)
GOOGL   99.22 (+1.74%)
AMZN   102.12 (+2.92%)
TSLA   173.34 (+8.15%)
NVDA   201.13 (+1.57%)
NIO   12.36 (+1.56%)
BABA   117.76 (-2.33%)
AMD   75.72 (+0.75%)
T   19.89 (-0.55%)
MU   63.21 (+0.65%)
F   13.14 (+1.70%)
CGC   2.87 (+3.99%)
GE   83.35 (+2.72%)
DIS   109.79 (+0.08%)
AMC   5.18 (-1.89%)
PFE   44.09 (-0.36%)
PYPL   81.83 (+1.26%)
NFLX   362.87 (-0.55%)
QQQ   295.58 (+0.76%)
AAPL   146.26 (+1.60%)
MSFT   248.43 (+0.17%)
META   151.16 (+2.62%)
GOOGL   99.22 (+1.74%)
AMZN   102.12 (+2.92%)
TSLA   173.34 (+8.15%)
NVDA   201.13 (+1.57%)
NIO   12.36 (+1.56%)
BABA   117.76 (-2.33%)
AMD   75.72 (+0.75%)
T   19.89 (-0.55%)
MU   63.21 (+0.65%)
F   13.14 (+1.70%)
CGC   2.87 (+3.99%)
GE   83.35 (+2.72%)
DIS   109.79 (+0.08%)
AMC   5.18 (-1.89%)
PFE   44.09 (-0.36%)
PYPL   81.83 (+1.26%)
NFLX   362.87 (-0.55%)
QQQ   295.58 (+0.76%)
AAPL   146.26 (+1.60%)
MSFT   248.43 (+0.17%)
META   151.16 (+2.62%)
GOOGL   99.22 (+1.74%)
AMZN   102.12 (+2.92%)
TSLA   173.34 (+8.15%)
NVDA   201.13 (+1.57%)
NIO   12.36 (+1.56%)
BABA   117.76 (-2.33%)
AMD   75.72 (+0.75%)
T   19.89 (-0.55%)
MU   63.21 (+0.65%)
F   13.14 (+1.70%)
CGC   2.87 (+3.99%)
GE   83.35 (+2.72%)
DIS   109.79 (+0.08%)
AMC   5.18 (-1.89%)
PFE   44.09 (-0.36%)
PYPL   81.83 (+1.26%)
NFLX   362.87 (-0.55%)
NYSE:MKC

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

$74.93
+1.47 (+2.00%)
(As of 01/27/2023 12:22 PM ET)
Add
Compare
Today's Range
$73.74
$75.49
50-Day Range
$73.46
$86.60
52-Week Range
$71.19
$107.35
Volume
1.04 million shs
Average Volume
1.24 million shs
Market Capitalization
$20.10 billion
P/E Ratio
29.27
Dividend Yield
2.12%
Price Target
$93.00

McCormick & Company, Incorporated MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
18.5% Upside
$88.29 Price Target
Short Interest
Healthy
2.52% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of McCormick & Company, Incorporated in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$410,000 Sold Last Quarter
Proj. Earnings Growth
9.77%
From $2.66 to $2.92 Per Share

Overall MarketRank

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

2.96 out of 5 stars

Consumer Staples Sector

4th out of 142 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. is engaged 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 operates by selling to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce through the following brands: McCormick, French's, Frank's RedHot, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor, and DaQiao. The Flavour Solutions segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors, except for its businesses in China and India. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

Receive MKC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for McCormick & Company, Incorporated and its competitors with MarketBeat's FREE daily newsletter.

MKC Stock News Headlines

"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
Disappointing Earnings Makes This Stock a 'Show Me Story'
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
McCormick (MKC) Misses Q4 Earnings and Revenue Estimates
Got $1,000? Here Are 2 Stocks to Buy for the Long Term.
Where Will McCormick Stock Be in 3 Years?
Is a Raise Enough to Make This Dividend Stock a Buy?
McCormick Is Down 20% From Its High. Time to Buy?
See More Headlines
Receive MKC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for McCormick & Company, Incorporated and its competitors with MarketBeat's FREE daily newsletter.

MKC Company Calendar

Last Earnings
9/29/2021
Ex-Dividend for 1/9 Dividend
12/29/2022
Dividend Payable
1/09/2023
Today
1/27/2023
Next Earnings (Estimated)
3/27/2023
Fiscal Year End
11/30/2023

Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
14,000
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
+24.1%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
7 Analysts

Profitability

Net Income
$755.30 million
Pretax Margin
13.04%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$3.65 per share
Book Value
$16.56 per share

Miscellaneous

Free Float
225,562,000
Market Cap
$20.10 billion
Optionable
Optionable
Beta
0.61

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?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last twelve months. There are currently 3 hold ratings and 2 buy 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 2023?

5 Wall Street research analysts have issued 12-month price objectives for McCormick & Company, Incorporated's stock. Their MKC share price forecasts range from $82.00 to $112.00. On average, they predict the company's share price to reach $93.00 in the next twelve months. This suggests a possible upside of 26.6% 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 stock has decreased by 11.4% and is now trading at $73.46.
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 Monday, March 27th 2023.
View our MKC earnings forecast
.

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

McCormick & Company, Incorporated (NYSE:MKC) issued its earnings results on Wednesday, September, 29th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.54 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 15.65% and a net margin of 10.86%. The business's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 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 declared a quarterly dividend on Tuesday, November 29th. Stockholders 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 dividend yield of 2.12%. The ex-dividend date 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 2.00%. 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 60.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 53.42% 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 the morning of Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly minted shares were distributed 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.

What guidance has McCormick & Company, Incorporated issued on next quarter's earnings?

McCormick & Company, Incorporated updated 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 EPS 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 a variety of institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.48%), AMI Asset Management Corp (0.15%), Roffman Miller Associates Inc. PA (0.13%), Bartlett & Co. LLC (0.13%), Boston Common Asset Management LLC (0.12%) and Gofen & Glossberg LLC IL (0.10%). 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 $73.46.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $19.70 billion and generates $6.32 billion in revenue each year. The company earns $755.30 million in net income (profit) each year or $2.56 on an earnings per share basis.

How many employees does McCormick & Company, Incorporated have?

The company employs 14,000 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 1/27/2023 by MarketBeat.com Staff