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NYSE:MKC

McCormick & Company, Incorporated Stock Forecast, Price & News

$186.98
+0.50 (+0.27 %)
(As of 11/30/2020 12:00 AM ET)
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Compare
Today's Range
$182.27
Now: $186.98
$187.22
50-Day Range
$89.16
MA: $94.49
$100.45
52-Week Range
$112.22
Now: $186.98
$211.07
Volume884,499 shs
Average Volume734,296 shs
Market Capitalization$24.95 billion
P/E Ratio33.04
Dividend Yield1.33%
Beta0.46
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.
McCormick & Company, Incorporated logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.56 out of 5 stars


Industry, Sector and Symbol

Industry Miscellaneous food preparations & kindred products
Sub-IndustryPackaged Foods & Meats
CUSIP57978020
Phone410-771-7301
Employees12,400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.35 billion
Cash Flow$6.52 per share
Book Value$26.01 per share

Profitability

Net Income$702.70 million

Miscellaneous

Market Cap$24.95 billion
Next Earnings Date1/26/2021 (Estimated)
OptionableOptionable
$186.98
+0.50 (+0.27 %)
(As of 11/30/2020 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 Coronavirus?

McCormick & Company, Incorporated's stock was trading at $73.3050 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MKC stock has increased by 155.1% and is now trading at $186.98.
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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than McCormick & Company, Incorporated?

Wall Street analysts have given McCormick & Company, Incorporated a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but McCormick & Company, Incorporated wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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) posted its quarterly earnings results on Monday, October, 5th. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.76 by $0.01. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.39 billion. McCormick & Company, Incorporated had a net margin of 13.75% and a return on equity of 20.93%. The business's revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 EPS.
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 declared a quarterly dividend on Friday, November 20th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.68 per share on Monday, January 11th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Wednesday, December 30th. This is a positive change from McCormick & Company, Incorporated's previous quarterly dividend of $0.62.
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's stock split before market open on 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 market closes 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 updated 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 twelve-month target prices for McCormick & Company, Incorporated's stock. Their forecasts range from $65.00 to $107.50. On average, they anticipate McCormick & Company, Incorporated's stock price to reach $80.40 in the next year. This suggests that the stock has a possible downside of 57.0%.
View analysts' price targets for McCormick & Company, Incorporated
.

Are investors shorting McCormick & Company, Incorporated?

McCormick & Company, Incorporated saw a drop in short interest in October. As of October 30th, there was short interest totaling 2,530,000 shares, a drop of 15.9% from the October 15th total of 3,010,000 shares. Based on an average trading volume of 516,500 shares, the days-to-cover ratio is currently 4.9 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), The 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)
  • Ms. Christina M. McMullen, VP, Controller & Chief Accounting Officer (Age 64)
  • Kasey A. Jenkins, VP of Investor Relations
  • Ms. Lori Amos Robinson, VP of Corp. Communications, Corp. Branding and Culinary Marketing
  • Ms. Lisa B. Manzone, Sr. VP of Human Relations (Age 55)
  • Ms. Nneka Louise Rimmer, Pres of Global Flavors & Extracts (Age 48)

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 investors include BlackRock Inc. (7.96%), State Street Corp (4.78%), California Public Employees Retirement System (0.77%), AustralianSuper Pty Ltd (0.74%), Swiss National Bank (0.65%) and TD Asset Management Inc. (0.50%). Company insiders that own McCormick & Company, Incorporated stock include Alan D Wilson, Christina M Mcmullen, Jacques Tapiero, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Maritza Gomez Montiel, Michael Aaron Conway, Michael D Mangan, Michael R Smith, Nneka Louise Rimmer and Patricia A Little.
View institutional ownership trends for McCormick & Company, Incorporated
.

Which institutional investors are selling McCormick & Company, Incorporated stock?

MKC stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Retirement Systems of Alabama, KBC Group NV, NN Investment Partners Holdings N.V., TD Asset Management Inc., Lord Abbett & CO. LLC, Ziegler Capital Management LLC, and ProShare Advisors LLC. 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 D Mangan, Michael R Smith, and Patricia A Little.
View insider buying and selling activity for McCormick & Company, Incorporated
.

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

MKC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Bradley Foster & Sargent Inc. CT, AustralianSuper Pty Ltd, Royal London Asset Management Ltd., Robeco Institutional Asset Management B.V., Great West Life Assurance Co. Can, JPMorgan Chase & Co., and Acadian Asset Management LLC.
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 $186.98.

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

McCormick & Company, Incorporated has a market capitalization of $24.95 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 12,400 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 11/30/2020 by MarketBeat.com Staff

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