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NYSE:MKC

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

$84.40
-0.51 (-0.60%)
(As of 11/28/2022 12:04 PM ET)
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Compare
Today's Range
$84.27
$85.27
50-Day Range
$71.27
$86.12
52-Week Range
$71.19
$107.35
Volume
18,219 shs
Average Volume
1.33 million shs
Market Capitalization
$22.64 billion
P/E Ratio
32.97
Dividend Yield
1.74%
Price Target
$93.50

McCormick & Company, Incorporated MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
10.6% Upside
$93.50 Price Target
Short Interest
Bearish
3.00% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$942,632 Sold Last Quarter
Proj. Earnings Growth
13.16%
From $2.66 to $3.01 Per Share

Overall MarketRank

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

2.41 out of 5 stars

Consumer Staples Sector

31st out of 141 stocks

Miscellaneous Food Preparations & Kindred Products Industry

1st out of 5 stocks

MKC stock logo

About McCormick & Company, Incorporated (NYSE:MKC) Stock

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands 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 and wholesale foodservice suppliers. 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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MKC Stock News Headlines

Blue Chip Stocks and Dividend Yields (MKC)
How to Invest in Blue Chip Stocks (MKC)
Blue-chip stocks are a winning target for safety and dividends, but not all blue chips are the same. Learn more about how to invest in blue chip stocks.
McCormick's longtime head of human resources to retire
McCormick Announces Lisa Manzone's Plan to Retire
Here's a Spicy Stock Pick for Dividend Growth Investors
Why McCormick Stock Still Looks Appetizing
2 Simple Stocks to Buy With $3,000 Right Now
McCormick Is Facing Headwinds
McCormick & Company, Incorporated (MKC)
See More Headlines
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MKC Company Calendar

Last Earnings
10/06/2022
Ex-Dividend for 10/25 Dividend
10/07/2022
Dividend Payable
10/25/2022
Today
11/28/2022
Fiscal Year End
11/30/2022
Next Earnings (Estimated)
1/26/2023

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
$93.50
High Stock Price Forecast
$112.00
Low Stock Price Forecast
$79.00
Forecasted Upside/Downside
+10.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$755.30 million
Pretax Margin
13.04%

Debt

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$3.78 per share
Book Value
$16.56 per share

Miscellaneous

Free Float
225,562,000
Market Cap
$22.64 billion
Optionable
Optionable
Beta
0.60

Social Links


Key Executives

  • Mr. Lawrence E. KurziusMr. Lawrence E. Kurzius (Age 64)
    Chairman & CEO
    Comp: $4.62M
  • Mr. Brendan M. FoleyMr. Brendan M. Foley (Age 56)
    Pres & COO
    Comp: $2.01M
  • Mr. Michael R. SmithMr. Michael R. Smith (Age 57)
    Exec. VP & CFO
    Comp: $1.98M
  • Mr. Malcolm S. SwiftMr. Malcolm S. Swift (Age 62)
    Chief Admin. Officer & Pres of Global Flavor Solutions
    Comp: $1.95M
  • Mr. Jeffery D. Schwartz (Age 52)
    VP, Gen. Counsel & Corp. Sec.
    Comp: $1.5M
  • Kasey A. Jenkins
    VP of Investor Relations
  • Ms. Lori Amos Robinson
    VP of Corp. Communications, Corp. Branding and Culinary Marketing
  • Ms. Lisa B. ManzoneMs. Lisa B. Manzone (Age 57)
    Sr. VP of Human Relations
  • Mr. Robert P. Conrad
    VP & Treasurer
  • Mr. Randy L. Carper
    Pres of U.S. Industrial Group













MKC Stock - Frequently Asked Questions

Should I buy or sell McCormick & Company, Incorporated stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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?

6 brokerages have issued twelve-month price objectives for McCormick & Company, Incorporated's stock. Their MKC share price forecasts range from $79.00 to $112.00. On average, they anticipate the company's stock price to reach $93.50 in the next twelve months. This suggests a possible upside of 10.0% 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 2022?

McCormick & Company, Incorporated's stock was trading at $96.61 at the beginning of the year. Since then, MKC shares have decreased by 12.0% and is now trading at $85.01.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our MKC earnings forecast
.

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

McCormick & Company, Incorporated (NYSE:MKC) released its earnings results on Thursday, October, 6th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. The firm earned $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 15.65% and a net margin of 10.86%. McCormick & Company, Incorporated's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share.
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 announced a quarterly dividend on Thursday, September 29th. Investors of record on Tuesday, October 11th will be paid a dividend of $0.37 per share on Tuesday, October 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, October 7th.
Read our dividend analysis for MKC
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.74%. 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 57.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 49.17% 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 before market open on Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly issued shares were issued 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 issued an update on its FY 2022 earnings guidance on Thursday, October, 27th. The company provided earnings per share guidance of $2.63-$2.68 for the period, compared to the consensus earnings per share estimate of $2.84. The company issued revenue guidance of $6.32 billion-$6.44 billion, compared to the consensus revenue estimate of $6.47 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.12%), State Street Corp (5.13%), Massachusetts Financial Services Co. MA (1.26%), Nordea Investment Management AB (0.91%), Vaughan Nelson Investment Management L.P. (0.86%) and Bank of New York Mellon Corp (0.77%). 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 $85.01.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $22.80 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 11/28/2022 by MarketBeat.com Staff