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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 2 sell ratings, 5 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.
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9 Wall Street research analysts have issued 12-month price targets for McCormick & Company, Incorporated's stock. Their MKC share price targets range from $57.00 to $88.00. On average, they predict the company's share price to reach $77.88 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price.
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McCormick & Company, Incorporated's stock was trading at $68.42 at the beginning of the year. Since then, MKC stock has increased by 5.1% and is now trading at $71.91.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
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McCormick & Company, Incorporated (NYSE:MKC) announced its quarterly earnings results on Tuesday, March, 26th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. McCormick & Company, Incorporated had a net margin of 10.56% and a trailing twelve-month return on equity of 14.45%. McCormick & Company, Incorporated's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share.
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McCormick & Company, Incorporated announced a quarterly dividend on Wednesday, March 27th. Stockholders of record on Monday, April 8th will be given a dividend of $0.42 per share on Monday, April 22nd. This represents a $1.68 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, April 5th.
Read our dividend analysis for MKC.

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.34%. 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 64.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 55.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MKC.

ETFs with the largest weight of McCormick & Company, Incorporated (NYSE:MKC) stock in their portfolio include Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), Invesco Bloomberg Analyst Rating Improvers ETF (RYJ), ProShares MSCI Transformational Changes ETF (ANEW), 2ndVote Society Defended ETF (EGIS), iShares MSCI Water Management Multisector ETF (IWTR), ProShares Russell US Dividend Growers ETF (TMDV) and ProShares S&P 500 Aristocrats ETF (NOBL).

McCormick & Company, Incorporated's stock split on Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly created shares were payable 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.

McCormick & Company, Incorporated issued an update on its FY24 earnings guidance on Tuesday, March, 26th. The company provided earnings per share guidance of $2.80-2.85 for the period, compared to the consensus estimate of $2.82. The company issued revenue guidance of down 2% to flat yr/yr to ~$6.53-6.67 billion, compared to the consensus revenue estimate of $6.64 billion.

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.

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).

McCormick & Company, Incorporated's stock is owned by a number of retail and institutional investors. Top institutional investors include Bath Savings Trust Co (0.06%), Centre Asset Management LLC (0.06%), Jacobs & Co. CA (0.06%), Wealth Enhancement Advisory Services LLC (0.05%), Cardinal Capital Management (0.03%) and Financiere des Professionnels Fonds d investissement inc. (0.03%). 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, Michael R Smith and Patricia A Little.
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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.
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