S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?

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

$68.12
-0.05 (-0.07%)
(As of 03/18/2024 ET)
Today's Range
$67.96
$69.17
50-Day Range
$64.61
$69.89
52-Week Range
$59.13
$94.39
Volume
1.87 million shs
Average Volume
2.02 million shs
Market Capitalization
$18.27 billion
P/E Ratio
27.03
Dividend Yield
2.47%
Price Target
$73.78

McCormick & Company, Incorporated MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.89 Rating Score
Upside/​Downside
8.3% Upside
$73.78 Price Target
Short Interest
Healthy
2.12% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.92mentions of McCormick & Company, Incorporated in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$326,000 Sold Last Quarter
Proj. Earnings Growth
7.09%
From $2.82 to $3.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.83 out of 5 stars

Consumer Staples Sector

91st out of 139 stocks

Miscellaneous Food Preparations & Kindred Products Industry

3rd out of 4 stocks

MKC stock logo

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

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, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other 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.

MKC Stock Price History

MKC Stock News Headlines

AI Cracks Open Largest Untapped Energy Reserve on Earth
This orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… 
MKC Sep 2024 65.000 call
MKC Sep 2024 70.000 put
MKC Apr 2024 70.000 put
Central Bank Gold Heist In Progress
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
3 Stock Staples to Buy for a Decade of Growth
Here’s how much McCormick’s new CEO made last year
The Joy of Eating the Real Thing
The 7 Best Dividend Stocks to Buy in February 2024
Return Trends At McCormick (NYSE:MKC) Aren't Appealing
McCormick shakes it up with new seasoning line
Q4 2023 McCormick & Company Inc Earnings Call
McCormick gives upbeat outlook for 2024
See More Headlines
Receive MKC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for McCormick & Company, Incorporated and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 1/8 Dividend
12/28/2023
Dividend Payable
1/08/2024
Last Earnings
1/25/2024
Today
3/18/2024
Next Earnings (Confirmed)
3/26/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
13,800
Year Founded
1889

Price Target and Rating

Average Stock Price Target
$73.78
High Stock Price Target
$87.00
Low Stock Price Target
$57.00
Potential Upside/Downside
+7.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.89
Research Coverage
9 Analysts

Profitability

Net Income
$680.60 million
Pretax Margin
11.99%

Debt

Sales & Book Value

Annual Sales
$6.66 billion
Cash Flow
$3.49 per share
Book Value
$18.95 per share

Miscellaneous

Free Float
206,811,000
Market Cap
$18.43 billion
Optionable
Optionable
Beta
0.73

Social Links

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for March 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Should I Buy McCormick & Company, Incorporated Stock? MKC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of McCormick & Company, Incorporated was last updated on Wednesday, March 13, 2024 at 11:31 PM.

Pros

Here are some ways that investors could benefit from investing in McCormick & Company, Incorporated:

  • McCormick & Company, Incorporated operates in two segments, Consumer and Flavor Solutions, providing diversification in its revenue streams.
  • The company offers a wide range of products under well-known brands like McCormick, French's, and Lawry's, ensuring brand recognition and customer loyalty.
  • Recent positive financial performance and growth trends indicate a strong position in the market, potentially leading to increased stock value.
  • McCormick & Company, Incorporated's focus on innovation and product development keeps it competitive in the ever-evolving food industry.
  • With a history dating back to 1889, the company has a long-standing reputation for quality and reliability in its products.

Cons

Investors should be bearish about investing in McCormick & Company, Incorporated for these reasons:

  • Fluctuations in commodity prices, such as spices and herbs, can impact the company's production costs and profit margins.
  • Intense competition in the food industry may lead to pricing pressures and challenges in maintaining market share.
  • Global economic conditions and trade policies could affect the company's international operations and revenue streams.
  • Changes in consumer preferences and dietary trends may require continuous adaptation and investment in new product offerings.
  • Stock price volatility in the market can pose risks to investors, impacting short-term investment decisions.

MKC Stock Analysis - Frequently Asked Questions

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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" MKC shares.
View MKC analyst ratings
or view top-rated stocks.

What is McCormick & Company, Incorporated's stock price target for 2024?

9 analysts have issued twelve-month price objectives for McCormick & Company, Incorporated's shares. Their MKC share price targets range from $57.00 to $87.00. On average, they predict the company's share price to reach $73.78 in the next year. This suggests a possible upside of 8.3% 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 2024?

McCormick & Company, Incorporated's stock was trading at $68.42 on January 1st, 2024. Since then, MKC shares have decreased by 0.4% and is now trading at $68.12.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 26th 2024.
View our MKC earnings forecast
.

How can I listen to McCormick & Company, Incorporated's earnings call?

McCormick & Company, Incorporated will be holding an earnings conference call on Tuesday, March 26th 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 "13744819".

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

McCormick & Company, Incorporated (NYSE:MKC) issued its earnings results on Thursday, January, 25th. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. The firm earned $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. McCormick & Company, Incorporated had a net margin of 10.22% and a trailing twelve-month return on equity of 14.55%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS.
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 declared a quarterly dividend on Tuesday, November 28th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.42 per share on Monday, January 8th. This represents a $1.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, December 28th. This is a positive change from the stock's previous quarterly dividend of $0.39.
Read our dividend analysis for MKC
.

Is McCormick & Company, Incorporated a good dividend stock?

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.47%. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 55.63% 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 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 2024 earnings guidance on Friday, January, 26th. The company provided earnings per share (EPS) guidance of 2.800-2.850 for the period, compared to the consensus EPS estimate of 2.870. The company issued revenue guidance of $6.5 billion-$6.7 billion, compared to the consensus revenue estimate of $6.9 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).

Who are McCormick & Company, Incorporated's major shareholders?

McCormick & Company, Incorporated's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.27%), Vanguard Group Inc. (11.27%), Massachusetts Financial Services Co. MA (2.00%), Franklin Resources Inc. (1.83%), Northern Trust Corp (1.24%) and Goldman Sachs Group Inc. (1.19%). Insiders that own company stock include Brendan M Foley, Freeman A Hrabowski III, Jacques Tapiero, Jeffery D Schwartz, Lawrence Erik Kurzius, Lisa Manzone, Margaret M V Preston, Maritza Gomez Montiel, Michael D Mangan and Michael R Smith.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MKC) was last updated on 3/18/2024 by MarketBeat.com Staff

From Our Partners