McCormick & Company, Incorporated (MKC)
| Market Cap | 20.65B |
| Revenue (ttm) | 6.72B |
| Net Income (ttm) | 788.50M |
| Shares Out | 268.15M |
| EPS (ttm) | 2.92 |
| PE Ratio | 26.34 |
| Forward PE | 24.99 |
| Dividend | $1.80 (2.34%) |
| Ex-Dividend Date | Dec 30, 2024 |
| Volume | 768,919 |
| Open | 77.74 |
| Previous Close | 78.03 |
| Day's Range | 76.27 - 77.74 |
| 52-Week Range | 64.33 - 85.49 |
| Beta | 0.75 |
| Analysts | Buy |
| Price Target | 83.75 (+8.74%) |
| Earnings Date | Jan 23, 2025 |
About 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, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné... [Read more]
Financial Performance
In 2024, McCormick & Company's revenue was $6.72 billion, an increase of 0.92% compared to the previous year's $6.66 billion. Earnings were $788.50 million, an increase of 15.85%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for MKC stock is "Buy." The 12-month stock price forecast is $83.75, which is an increase of 8.74% from the latest price.
News
Meketa Welcomes Chris Rosato and Christian McCormick to Key Leadership Positions Supporting Private Market Solutions for the Wealth Management Marketplace
BOSTON--(BUSINESS WIRE)--Meketa Investment Group (“Meketa”) and its subsidiary Meketa Capital LLC (“Meketa Capital”) are pleased to announce two new hires who will strengthen Meketa Capital's efforts ...
My Best Dividend Aristocrats For February 2025
The ProShares S&P 500 Dividend Aristocrat ETF posted its 3rd worst monthly return in December, falling by 7.69%. I present 3 strategies that can theoretically beat the dividend aristocrat index in the...
McCormick & Company to Present at Consumer Analyst Group of New York Conference
HUNT VALLEY, Md. , Jan. 28, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be presenting at the Consumer Analyst Group of New York (CAGNY) Conferen...
McCormick: Visible Neat-Term Headwinds Prevent Me From Upgrading To Buy
Despite promising volume growth and a recovering gross margin, I maintain a hold rating on McCormick & Co. due to limited overall revenue growth and other headwinds. 4Q24 results showed net sales of $...
McCormick & Company, Incorporated (MKC) Q4 2024 Earnings Call Transcript
McCormick & Company, Incorporated (NYSE:MKC) Q4 2024 Earnings Conference Call January 23, 2025 8:00 AM ET Company Participants Faten Freiha - Vice President, Investor Relations Brendan Foley - Chairm...
Not Backing Away From McCormick
McCormick & Company, Incorporated's Q4 sales rose 2.7%, driven by strong consumer and commercial demand, despite mixed regional performance and a challenging Asia-Pacific market. Gross profit margin e...
Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses
Cholula hot sauce maker McCormick forecast annual sales and profit below analysts' estimates on Thursday, hurt by a persistent slump in demand for its spices and condiments, especially in China, as we...
McCORMICK REPORTS STRONG 2024 FINANCIAL RESULTS AND PROVIDES 2025 OUTLOOK
HUNT VALLEY, Md. , Jan. 23, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the fourth quarter and fiscal year ended ...
McCormick Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
McCormick & Company, Incorporated MKC will release its fourth-quarter financial results, before the opening bell, on Thursday, Jan. 23, 2025.
Citizens for Judicial Fairness Slams Exorbitant Lawyers' Fees Awarded by Chancery Court Chancellor Kathaleen McCormick
WILMINGTON, Del.--(BUSINESS WIRE)--Citizens for Judicial Fairness released the following statement today after Delaware's Chancellor Kathaleen McCormick granted $176 million in legal fees as part of t...
McCormick & Company to Report 2024 Fourth Quarter Financial Results on January 23, 2025
HUNT VALLEY, Md., Jan. 2, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its fourth quarter 202...
My Best Dividend Aristocrats For January 2025
The ProShares S&P 500 Dividend Aristocrat ETF rocked a cool 4.85% gain in November, but it's giving up nearly half of its return this year in December. I present 3 strategies that can theoretically be...
McCormick Eyes $1 Billion Deal To Acquire Duke's Mayonnaise Maker
McCormick & Company, Inc. MKC is considering buying Sauer Brands from Falfurrias Capital Partners at a valuation of over $1 billion, Bloomberg cites familiar sources.
Spice Maker McCormick Reportedly in Talks to Buy Duke's Mayo Parent Sauer Brands
McCormick (MKC), maker of a wide variety of spices and condiments, is reportedly in talks to acquire Sauer Brands for north of $1 billion from its current owner, Falfurrias Capital Partners, according...
McCormick & Company: A Wonderful Company At A Fair Price
McCormick & Company boasts a wide economic moat, strong brand equity, and a century-long dividend streak, having made it a reliable income stream for long-term shareholders. Despite recent underperfor...
My Best Dividend Aristocrats For December 2024
The ProShares S&P 500 Dividend Aristocrat ETF is up 10.26% year-to-date through October. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 40 mon...
Brendan Foley to succeed Lawrence Kurzius as Chairman of the Board for McCormick & Company
HUNT VALLEY, Md., Nov. 25, 2024 /PRNewswire/ -- Lawrence E.
McCormick Announces Increase in Quarterly Dividend
HUNT VALLEY, Md., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) today declared an increase in the quarterly dividend from $0.42 to $0.45 per sha...
Chaffetz weighs in on McCormick Senate orientation snub: What is Schumer going to do?
Fox News contributor Jason Chaffetz discusses a FEMA worker's anti-Trump memo, Trump tapping Tom Homan as the next border czar and Senator-elect David McCormick planning to attend Senate orientation d...
My Best Dividend Aristocrats For November 2024
The ProShares S&P 500 Dividend Aristocrats ETF went on a great run during Q3, gaining 11.6% during the quarter. I present 3 strategies that can theoretically beat the dividend aristocrat index in the ...
McCormick CEO: Consumers want value, but won't sacrifice flavor
McCormick (MKC) held their investor day on Tuesday to discuss the company's long-term objectives. "We spend a lot of time making sure investors understand that we're a very different kind of food comp...
McCormick & Company is Advancing its Leadership and Differentiation in Flavor
The Company Reaffirmed its 2024 Guidance and Provided Expectations for 2028 HUNT VALLEY, Md. , Oct. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, y...
McCormick CEO on the state of the consumer, 'swicy' items and growth drivers
Brendan Foley, McCormick CEO, joins 'Power Lunch' to discuss the state of the consumer, 'swicy' items and the company's growth drivers.
McCormick & Company Announces Investor Day Details
HUNT VALLEY, Md. , Oct. 17, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will host an Investor Day on Tuesday, October 22, 2024, at McCormick's Global...
McCormick & Company (MKC) Announces $500 Million Notes Offering
McCormick & Company, Incorporated (MKC, Financial), a leading global provider of spices, seasonings, and flavorings, has successfully closed a $500 million debt offering. The company entered into an u...