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DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
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Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:MKC

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

$76.81
+0.78 (+1.03%)
(As of 03/28/2024 ET)
Today's Range
$76.48
$77.46
50-Day Range
$64.61
$77.33
52-Week Range
$59.13
$94.39
Volume
2.58 million shs
Average Volume
2.17 million shs
Market Capitalization
$20.60 billion
P/E Ratio
29.32
Dividend Yield
2.19%
Price Target
$76.43

McCormick & Company, Incorporated MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.88 Rating Score
Upside/​Downside
0.5% Downside
$76.43 Price Target
Short Interest
Healthy
2.30% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.68mentions of McCormick & Company, Incorporated in the last 14 days
Based on 52 Articles This Week
Insider Trading
Selling Shares
$326,000 Sold Last Quarter
Proj. Earnings Growth
6.74%
From $2.82 to $3.01 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.

3.65 out of 5 stars

Consumer Staples Sector

45th out of 132 stocks

Miscellaneous Food Preparations & Kindred Products Industry

2nd 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

McCormick & Company Stock Isn't Cheap, But It Is Undervalued
McCormick & Company NYSE: MKC stock may not be cheap, trading at 22X this year's and 20X next year's earnings, but it is undervalued. The company is among the highest-quality consumer staples on the market, trading below its historical norms and near the middle of the group's range.
McCormick & Company Stock Isn’t Cheap, But It Is Undervalued
McCormick & Company had a solid quarter and reaffirmed good and cautious guidance. The company is building momentum and likely to outperform this year.
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McCormick declares $0.42 dividend
McCormick Declares $0.42 Quarterly Dividend
Company News for Mar 27, 2024
Why McCormick Stock Is Sizzling Today
McCormick: Clawing Its Way Back To Growth
Barclays Reaffirms Their Hold Rating on McCormick & Company (MKC)
See More Headlines
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Company Calendar

Ex-Dividend for 1/8 Dividend
12/28/2023
Dividend Payable
1/08/2024
Last Earnings
3/26/2024
Today
3/28/2024
Dividend Payable
4/22/2024
Next Earnings (Estimated)
7/04/2024
Fiscal Year End
11/30/2024
Ex-Dividend for 4/22 Dividend
1/01/2100

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
$76.25
High Stock Price Target
$87.00
Low Stock Price Target
$57.00
Potential Upside/Downside
-1.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.89
Research Coverage
9 Analysts

Profitability

Net Income
$680.60 million
Pretax Margin
12.44%

Debt

Sales & Book Value

Annual Sales
$6.66 billion
Cash Flow
$3.43 per share
Book Value
$19.60 per share

Miscellaneous

Free Float
206,811,000
Market Cap
$20.60 billion
Optionable
Optionable
Beta
0.73

Social Links

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

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 product offerings.
  • The company has a strong portfolio of well-known brands like McCormick, French's, and Lawry's, which have established market presence and consumer trust.
  • Recent financial reports show consistent revenue growth and profitability, indicating a stable financial performance.
  • McCormick & Company, Incorporated's focus on innovation and product development keeps it competitive in the food industry, attracting potential investors.
  • With a current stock price that reflects the company's market value, investors can make informed decisions based on the stock's performance.

Cons

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

  • The packaged foods industry, where McCormick operates, can be subject to changing consumer preferences and economic conditions, impacting sales and profitability.
  • Fluctuations in commodity prices, especially for spices and herbs, can affect the company's production costs and margins.
  • Competitive pressures from other food manufacturers and private label brands may challenge McCormick's market share and pricing strategies.
  • Global supply chain disruptions or regulatory changes could impact the company's operations and distribution network, leading to potential risks for investors.
  • Investors should consider the overall market conditions and economic outlook when evaluating the potential risks associated with investing in McCormick & Company, Incorporated.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, March 26, 2024. Please send any questions or comments about these McCormick & Company, Incorporated pros and cons to contact@marketbeat.com.

MKC Stock Analysis - Frequently Asked Questions

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

8 Wall Street analysts have issued 1-year target prices for McCormick & Company, Incorporated's stock. Their MKC share price targets range from $57.00 to $87.00. On average, they predict the company's share price to reach $76.43 in the next year. This suggests that the stock has a possible downside of 0.5%.
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 at the start of the year. Since then, MKC stock has increased by 12.3% and is now trading at $76.81.
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 Thursday, July 4th 2024.
View our MKC earnings forecast
.

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

McCormick & Company, Incorporated (NYSE:MKC) announced its quarterly earnings data on Tuesday, March, 26th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. The business had revenue of $1.60 billion for 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%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share.
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 announced a quarterly dividend on Wednesday, March 27th. Shareholders 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 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, April 5th.
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 2.17%. 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 55.81% 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 before market open 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 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 updated 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 earnings per share 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.

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 shareholders 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 3/29/2024 by MarketBeat.com Staff

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