McCormick & Company, Incorporated Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" McCormick & Company, Incorporated stock. 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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McCormick & Company, Incorporated is scheduled to release its next quarterly earnings announcement on Thursday, September 30th 2021.
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McCormick & Company, Incorporated will be holding an earnings conference call on Thursday, September 30th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13722560".

McCormick & Company, Incorporated (NYSE:MKC) announced its quarterly earnings results on Wednesday, June, 30th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The business earned $1.56 billion during the quarter, compared to the consensus estimate of $1.47 billion. McCormick & Company, Incorporated had a net margin of 12.48% and a trailing twelve-month return on equity of 19.50%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share.
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McCormick & Company, Incorporated's stock was trading at $73.3050 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MKC stock has increased by 17.7% and is now trading at $86.27.
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McCormick & Company, Incorporated announced a quarterly dividend on Tuesday, June 29th. Shareholders of record on Monday, July 12th will be given a dividend of $0.34 per share on Monday, July 26th. This represents a $1.36 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, July 9th.
View McCormick & Company, Incorporated's dividend history.

McCormick & Company, Incorporated pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.58%. The dividend payout ratio of McCormick & Company, Incorporated is 48.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, McCormick & Company, Incorporated will have a dividend payout ratio of 42.90% next year. This indicates that McCormick & Company, Incorporated will be able to sustain or increase its dividend.
View McCormick & Company, Incorporated's dividend history.

Shares of McCormick & Company, Incorporated split on Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly created shares were issued 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.

McCormick & Company, Incorporated updated its FY 2021 earnings guidance on Thursday, July, 29th. The company provided earnings per share (EPS) guidance of $3.000-$3.050 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.000. The company issued revenue guidance of $6.22 billion-$6.33 billion, compared to the consensus revenue estimate of $6.12 billion.

5 equities research analysts have issued twelve-month target prices for McCormick & Company, Incorporated's stock. Their forecasts range from $89.00 to $107.50. On average, they expect McCormick & Company, Incorporated's share price to reach $96.88 in the next year. This suggests a possible upside of 12.3% from the stock's current price.
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102 employees have rated McCormick & Company, Incorporated CEO Lawrence Kurzius on Glassdoor.com. Lawrence Kurzius has an approval rating of 83% among McCormick & Company, Incorporated's employees.

Some companies that are related to McCormick & Company, Incorporated include Mondelez International (MDLZ), The Hershey (HSY), General Mills (GIS), Tyson Foods (TSN), Hormel Foods (HRL), Kellogg (K), Conagra Brands (CAG), The J. M. Smucker (SJM), Campbell Soup (CPB), Pilgrim's Pride (PPC), Post (POST), Flowers Foods (FLO), Seaboard (SEB), Lancaster Colony (LANC) and Sanderson Farms (SAFM).
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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), The 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.44%), BlackRock Inc. (7.18%), State Street Corp (4.77%), Franklin Resources Inc. (1.69%), Geode Capital Management LLC (1.69%) and Northern Trust Corp (1.03%). Company insiders that own McCormick & Company, Incorporated stock include Christina M Mcmullen, Freeman A Hrabowski III, Jacques Tapiero, 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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MKC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Swiss National Bank, Renaissance Technologies LLC, Nuveen Asset Management LLC, Sawgrass Asset Management LLC, Vanguard Group Inc., Cibc World Markets Corp, and JPMorgan Chase & Co.. Company insiders that have sold McCormick & Company, Incorporated company stock in the last year include Freeman A Hrabowski III, and Michael D Mangan.
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MKC stock was acquired by a variety of institutional investors in the last quarter, including Parnassus Investments CA, State Street Corp, Amundi, Roffman Miller Associates Inc. PA, Champlain Investment Partners LLC, Impax Asset Management Group plc, Balyasny Asset Management LLC, and Haverford Trust Co..
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Shares of MKC 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 $86.27.

McCormick & Company, Incorporated has a market capitalization of $23.06 billion and generates $5.60 billion in revenue each year. The company earns $747.40 million in net income (profit) each year or $2.83 on an earnings per share basis.

McCormick & Company, Incorporated employs 15,500 workers across the globe.

McCormick & Company, Incorporated was founded in 1889.

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

McCormick & Company, Incorporated is headquartered at 24 Schilling Road Suite 1, Hunt Valley MD, 21031.

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].