McCormick & Company, Incorporated (MKC)
Market Cap | 20.21B |
Revenue (ttm) | 6.73B |
Net Income (ttm) | 784.80M |
Shares Out | 268.19M |
EPS (ttm) | 2.90 |
PE Ratio | 26.76 |
Forward PE | 24.89 |
Dividend | $1.80 (2.40%) |
Ex-Dividend Date | Apr 7, 2025 |
Volume | 678,831 |
Open | 77.65 |
Previous Close | 77.60 |
Day's Range | 75.03 - 78.00 |
52-Week Range | 66.88 - 86.24 |
Beta | 0.75 |
Analysts | Buy |
Price Target | 83.14 (+10.31%) |
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]
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 7 analysts, the average rating for MKC stock is "Buy." The 12-month stock price forecast is $83.14, which is an increase of 10.31% from the latest price.
News

Communitech announces Sheldon McCormick as new CEO
KITCHENER, Ontario--(BUSINESS WIRE)--Communitech announced today the appointment of Sheldon McCormick as its new CEO, effective April 14. McCormick is a seasoned entrepreneur and leader with extensive...

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McCormick dropping food dyes under pressure from RFK Jr, US regulators
McCormick is working to reformulate products to remove certain ingredients like food dyes under fire from HHS Secretary Robert F. Kennedy Jr.

McCormick Declares $0.45 Quarterly Dividend
HUNT VALLEY, Md. , March 26, 2025 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.45 per share on its common stocks, payable ...

McCormick: Slow And Steady
McCormick & Company, Incorporated is recommended for long-term dividend growth investing due to its stable, slow growth and robust demand for its seasoning and spice lines. Fiscal Q1 sales rose 0.6% y...

McCormick & Company, Incorporated (MKC) Q1 2025 Earnings Call Transcript
McCormick & Company, Incorporated (NYSE:MKC) Q1 2025 Earnings Conference Call March 25, 2025 8:00 AM ET Company Participants Faten Freiha - VP, IR Brendan Foley - Chairman, President & CEO Marcos Gab...
MKC "Solid Quarter," DLTR on Deck & Options Trades
Consumer staples have done in recent weeks due to macro volatility. Arun Sundaram turns to specific companies investors may have missed, including McCormick & Company (MKC), which he says had a "solid...
Cramer's Mad Dash: McCormick
Jim Cramer discusses why he's keeping an eye on McCormick & Company ahead of it reporting earnings.

Spice maker McCormick misses quarterly profit estimates on higher expenses
McCormick missed first-quarter profit estimates on Tuesday, as higher promotional expenses and price cuts for its spices, sauces and seasonings fell short of boosting demand.

McCORMICK REPORTS SOLID FIRST QUARTER PERFORMANCE AND REAFFIRMS 2025 OUTLOOK
HUNT VALLEY, Md. , March 25, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 202...

McCormick Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
McCormick & Company, Incorporated (NYSE: MKC) will release its first-quarter financial results before the opening bell on Tuesday, March 25.

How To Earn $500 A Month From McCormick Stock Ahead Of Q1 Earnings
McCormick & Company, Incorporated MKC will release its first-quarter financial results before the opening bell on Tuesday, March 25.

Cramer's week ahead: Earnings from GameStop, McCormick and Dollar Tree
CNBC's Jim Cramer on Friday listed next week's top market-moving events, including earnings reports from GameStop, McCormick and Dollar Tree. He underscored that angst on Wall Street will continue as ...

McCormick Q1 Preview: Expanding Flavor Solutions Margin, Initiating With 'Buy'
McCormick & Company, Incorporated, a global leader in the flavor market, shows steady growth and margin expansion, presenting an attractive investment for dividend investors with a "Buy" rating and a ...

Investors Could Keep Buying Staples Stocks, UBS Analysts Say
Investors who have lately turned to consumer staples as a defense against volatility may do so for a while, UBS analysts said.

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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...

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...

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...

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
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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...