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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last twelve months. There are currently 3 hold 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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3 equities research analysts have issued twelve-month price objectives for McCormick & Company, Incorporated's stock. Their MKC share price forecasts range from $85.00 to $112.00. On average, they anticipate the company's stock price to reach $99.00 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
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McCormick & Company, Incorporated's stock was trading at $96.61 at the start of the year. Since then, MKC shares have decreased by 4.7% and is now trading at $92.07.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
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McCormick & Company, Incorporated (NYSE:MKC) released its earnings results on Wednesday, June, 29th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.65 by $0.17. The firm earned $1.54 billion during the quarter, compared to the consensus estimate of $1.61 billion. McCormick & Company, Incorporated had a net margin of 10.78% and a trailing twelve-month return on equity of 16.48%. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS.
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McCormick & Company, Incorporated declared a quarterly dividend on Tuesday, June 28th. Stockholders of record on Monday, July 11th will be given a dividend of $0.37 per share on Monday, July 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, July 8th.
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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.
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Shares of McCormick & Company, Incorporated split on 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 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.

McCormick & Company, Incorporated updated its FY 2022 earnings guidance on Wednesday, July, 27th. The company provided EPS guidance of $3.03-$3.08 for the period, compared to the consensus EPS 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.

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 many different retail and institutional investors. Top institutional shareholders 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.
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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 $92.07.

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.

The company employs 14,000 workers across the globe.

McCormick & Company, Incorporated was founded in 1889.

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.