McCormick & Company, Incorporated (MKC)

NYSE: MKC · Real-Time Price · USD
75.37
-2.23 (-2.87%)
Apr 15, 2025, 2:49 PM EDT - Market open
-2.87%
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]

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 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.

Price Target
$83.14
(10.31% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

5 days ago - Business Wire

Best Dividend Aristocrats For April 2025

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14 days ago - Seeking Alpha

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.

19 days ago - Fox Business

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 ...

19 days ago - PRNewsWire

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...

21 days ago - Seeking Alpha

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...

21 days ago - Seeking Alpha

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...

Other symbols: DLTR
21 days ago - Schwab Network

Cramer's Mad Dash: McCormick

Jim Cramer discusses why he's keeping an eye on McCormick & Company ahead of it reporting earnings.

21 days ago - CNBC Television

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.

21 days ago - Reuters

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...

21 days ago - PRNewsWire

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.

21 days ago - Benzinga

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.

22 days ago - Benzinga

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 ...

Other symbols: DLTRGME
24 days ago - CNBC

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 ...

4 weeks ago - Seeking Alpha

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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5 weeks ago - Investopedia

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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...

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6 weeks 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...

6 weeks 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...

2 months 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 ...

2 months 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...

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2 months 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...

2 months 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 $...

2 months 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...

2 months 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...

2 months 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...

2 months ago - Reuters