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NYSE:MKC

McCormick & Company, Incorporated (MKC) Stock Forecast, Price & News

$100.94
+0.67 (+0.67%)
(As of 05/16/2022 04:00 PM ET)
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Today's Range
$100.03
$101.40
50-Day Range
$96.14
$104.28
52-Week Range
$77.85
$107.35
Volume
707,922 shs
Average Volume
1.43 million shs
Market Capitalization
$27.06 billion
P/E Ratio
36.44
Dividend Yield
1.48%
Beta
0.45
30 days | 90 days | 365 days | Advanced Chart
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McCormick & Company, Incorporated logo

About McCormick & Company, Incorporated

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.

Headlines

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Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
14,000
Year Founded
1889

Sales & Book Value

Annual Sales
$6.32 billion
Cash Flow
$3.83 per share
Book Value
$16.56 per share

Profitability

Net Income
$755.30 million
Pretax Margin
13.66%

Debt

Price-To-Earnings

Miscellaneous

Free Float
225,453,000
Market Cap
$27.06 billion
Optionable
Optionable

Company Calendar

Last Earnings
3/29/2022
Ex-Dividend for 4/25 Dividend
4/08/2022
Dividend Payable
4/25/2022
Today
5/16/2022
Next Earnings (Estimated)
7/07/2022
Fiscal Year End
11/30/2022

Social Links


MarketRank

Overall MarketRank

2.77 out of 5 stars

Consumer Staples Sector

16th out of 194 stocks

Miscellaneous Food Preparations & Kindred Products Industry

2nd out of 6 stocks

Analyst Opinion: 1.1Community Rank: 4.0Dividend Strength: 4.2Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -













McCormick & Company, Incorporated (NYSE:MKC) Frequently Asked Questions

Is McCormick & Company, Incorporated a buy right now?

4 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 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.
View analyst ratings for McCormick & Company, Incorporated
or view top-rated stocks.

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

McCormick & Company, Incorporated is scheduled to release its next quarterly earnings announcement on Thursday, July 7th 2022.
View our earnings forecast for McCormick & Company, Incorporated
.

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

McCormick & Company, Incorporated (NYSE:MKC) issued its quarterly earnings data on Tuesday, March, 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The company earned $1.52 billion during the quarter, compared to analyst estimates of $1.47 billion. McCormick & Company, Incorporated had a net margin of 11.77% and a trailing twelve-month return on equity of 18.00%. The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share.
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 Wednesday, March 30th. Investors of record on Monday, April 11th will be paid a dividend of $0.37 per share on Monday, April 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, April 8th.
View McCormick & Company, Incorporated's dividend history
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.48%. McCormick & Company, Incorporated 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 of McCormick & Company, Incorporated is 53.43%. 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 43.27% next year. This indicates that McCormick & Company, Incorporated will be able to sustain or increase its dividend.
View McCormick & Company, Incorporated's dividend history.

When did McCormick & Company, Incorporated's stock split? How did McCormick & Company, Incorporated's stock split work?

Shares of McCormick & Company, Incorporated split 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 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.

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 Tuesday, April, 26th. The company provided EPS guidance of $3.170-$3.220 for the period, compared to the consensus estimate of $3.190. The company issued revenue guidance of $6.51 billion-$6.63 billion, compared to the consensus revenue estimate of $6.57 billion.

What price target have analysts set for MKC?

4 analysts have issued twelve-month target prices for McCormick & Company, Incorporated's shares. Their forecasts range from $89.00 to $112.00. On average, they anticipate McCormick & Company, Incorporated's stock price to reach $100.00 in the next year. This suggests that the stock has a possible downside of 0.9%.
View analysts' price targets for McCormick & Company, Incorporated
or view top-rated stocks among Wall Street analysts.

Who are McCormick & Company, Incorporated's key executives?
McCormick & Company, Incorporated's management team includes the following people:
What is Lawrence Kurzius' approval rating as McCormick & Company, Incorporated's CEO?

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.

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. (10.80%), BlackRock Inc. (7.62%), State Street Corp (5.03%), Northern Trust Corp (1.35%), Massachusetts Financial Services Co. MA (0.99%) and Champlain Investment Partners LLC (0.92%). Company insiders that own McCormick & Company, Incorporated 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 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 Nordea Investment Management AB, Lord Abbett & CO. LLC, APG Asset Management N.V., State Street Corp, Acadian Asset Management LLC, ProShare Advisors LLC, PEAK6 Investments LLC, and Invesco Ltd.. Company insiders that have sold McCormick & Company, Incorporated company stock in the last year include Brendan M Foley, Freeman A Hrabowski III, Lawrence Erik Kurzius, Lisa Manzone, Maritza Gomez Montiel, and Michael R Smith.
View insider buying and selling activity for McCormick & Company, Incorporated
or view top insider-selling stocks.

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

MKC stock was bought by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Westwood Holdings Group Inc., Mawer Investment Management Ltd., AEGON ASSET MANAGEMENT UK Plc, Vanguard Group Inc., Renaissance Technologies LLC, Huntington National Bank, and Caisse DE Depot ET Placement DU Quebec.
View insider buying and selling activity for McCormick & Company, Incorporated
or or view top insider-buying stocks.

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 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 $100.94.

How much money does McCormick & Company, Incorporated make?

McCormick & Company, Incorporated has a market capitalization of $27.06 billion and generates $6.32 billion in revenue each year. The company earns $755.30 million in net income (profit) each year or $2.769990 on an earnings per share basis.

How many employees does McCormick & Company, Incorporated have?

McCormick & Company, Incorporated employs 14,000 workers across the globe.

When was McCormick & Company, Incorporated founded?

McCormick & Company, Incorporated was founded in 1889.

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, via email at [email protected], or via fax at 410-771-7462.

This page was last updated on 5/16/2022 by MarketBeat.com Staff

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