McCormick & Company, Incorporated (MKC)

NYSE: MKC · Real-Time Price · USD
82.62
+0.77 (0.94%)
Mar 7, 2025, 4:00 PM EST - Market closed
0.94%
Market Cap 22.15B
Revenue (ttm) 6.72B
Net Income (ttm) 788.50M
Shares Out 268.15M
EPS (ttm) 2.92
PE Ratio 28.29
Forward PE 26.86
Dividend $1.80 (2.18%)
Ex-Dividend Date Dec 30, 2024
Volume 3,127,844
Open 81.78
Previous Close 81.85
Day's Range 81.37 - 83.84
52-Week Range 66.88 - 85.78
Beta 0.71
Analysts Buy
Price Target 83.75 (+1.37%)
Earnings Date Mar 25, 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]

Industry Packaged Foods
Founded 1889
Employees 14,100
Stock Exchange NYSE
Ticker Symbol MKC
Full Company Profile

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 Statements

Analyst 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 1.37% from the latest price.

Price Target
$83.75
(1.37% upside)
Analyst Consensus: Buy
Stock Forecasts

News

My Best Dividend Aristocrats For March 2025

The ProShares S&P 500 Dividend Aristocrat ETF kicks off 2025 on a bright note with a gain of 2.81% in January. I present 3 strategies that can theoretically beat the dividend aristocrat index in the l...

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10 days ago - Seeking Alpha

McCormick & Company to Report 2025 First Quarter Financial Results on March 25, 2025

HUNT VALLEY, Md., Feb. 26, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its first quarter 202...

11 days ago - PRNewsWire

Holladay Distillery breaks ground on ironclad rickhouse in latest growth spurt

Popular Weston-based bourbon distillery responds to increased demand by expanding its production operations Popular Weston-based bourbon distillery responds to increased demand by expanding its produc...

4 weeks ago - GlobeNewsWire

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 ...

4 weeks ago - Business Wire

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...

Other symbols: ABTADMALBBENCHRWECLHRL
5 weeks ago - Seeking Alpha

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...

5 weeks ago - PRNewsWire

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 $...

6 weeks ago - Seeking Alpha

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...

6 weeks ago - Seeking Alpha

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...

6 weeks ago - Seeking Alpha

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...

6 weeks ago - Reuters

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 ...

6 weeks ago - PRNewsWire

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.

6 weeks ago - Benzinga

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...

2 months ago - Business Wire

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...

2 months ago - PRNewsWire

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...

Other symbols: ADMALBBDXBENCHRWECLHRL
2 months ago - Seeking Alpha

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.

2 months ago - Benzinga

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...

2 months ago - Investopedia

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...

3 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

Brendan Foley to succeed Lawrence Kurzius as Chairman of the Board for McCormick & Company

HUNT VALLEY, Md., Nov. 25, 2024 /PRNewswire/ -- Lawrence E.

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

4 months ago - Fox Business

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 ...

Other symbols: ABTADMALBBDXBENCHRWGPC
4 months ago - Seeking Alpha

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...

4 months ago - Yahoo Finance

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...

4 months ago - PRNewsWire