McCormick & Company, Incorporated (MKC)
Market Cap | 21.01B |
Revenue (ttm) | 6.68B |
Net Income (ttm) | 792.60M |
Shares Out | 268.36M |
EPS (ttm) | 2.94 |
PE Ratio | 26.67 |
Forward PE | 26.29 |
Dividend | $1.68 (2.14%) |
Ex-Dividend Date | Oct 7, 2024 |
Volume | 380,630 |
Open | 78.37 |
Previous Close | 78.37 |
Day's Range | 77.54 - 78.55 |
52-Week Range | 63.88 - 85.49 |
Beta | 0.75 |
Analysts | Hold |
Price Target | 78.50 (+0.28%) |
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, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné... [Read more]
Financial Performance
In 2023, McCormick & Company's revenue was $6.66 billion, an increase of 4.91% compared to the previous year's $6.35 billion. Earnings were $680.60 million, a decrease of -0.21%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for MKC stock is "Hold." The 12-month stock price forecast is $78.5, which is an increase of 0.28% from the latest price.
News
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...
These brands could be hit the hardest by port strike: BofA's Peter Galbo
Peter Galbo, BofA Securities analyst, joins CNBC's 'The Exchange' to discuss the impact of the ongoing strike at East and Gulf Coast ports, how long his firm thinks the strike will last, and more.
McCormick: Valuation Already Pricing In Normalized EPS Growth
McCormick & Co. benefits from the food-at-home trend, boosting demand for seasonings, but faces challenges in the Flavor Solutions segment due to a weak quick-service restaurant outlook. MKC's valuati...
McCormick: Expanding Profit Power And Dividend-Growth
McCormick & Company, Incorporated remains a long-term buy despite potential short-term pressure; consider selling puts to define entry or collect premium. Fiscal Q3 sales were flat year-over-year, wit...
McCormick & Company, Incorporated (MKC) Q3 2024 Earnings Call Transcript
McCormick & Company, Incorporated (NYSE:MKC) Q3 2024 Earnings Conference Call October 1, 2024 8:00 AM ET Company Participants Faten Freiha - Vice President, Investor Relations Brendan Foley - Preside...
Spice Maker McCormick Results Boosted by Product Mix, Cost Savings
McCormick & Co. (MKC) shares rose Tuesday as the spice maker posted better-than-expected results on its product offerings and cost-cutting.
Spices maker McCormick benefits as people cook more but won't sacrifice flavor
McCormick's stock edged higher Tuesday, after the spices and flavor company beat fiscal third-quarter profit expectations and raised its full-year outlook, as volume increased for the first time in ab...
Cramer's Mad Dash: McCormick & Co.
CNBC's Jim Cramer delivers his daily Mad Dash.
Spice maker McCormick lifts annual forecast as demand recovers
Hot sauce maker McCormick raised its annual earnings forecast on Tuesday after posting better-than-expected third-quarter results, banking on consumers choosing to make meals at home to curb discretio...
McCORMICK REPORTS THIRD QUARTER PERFORMANCE AND REAFFIRMS 2024 OUTLOOK
HUNT VALLEY, Md. , Oct. 1, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2024 an...
How To Earn $500 A Month From McCormick Stock Ahead Of Q3 Earnings
McCormick & Company, Incorporated MKC will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 1.
McCormick Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
McCormick & Company, Incorporated MKC will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 1.
McCormick Q3 Earnings Preview: Why I Reiterate My Sell Rating
McCormick will release its Q3 fiscal 2024 results on October 1 before the market opens. I explain why a beat on EPS and sales estimates is likely, while at the same time, I would not bet on a jump in ...
McCormick Declares $0.42 Quarterly Dividend
HUNT VALLEY, Md. , Sept. 24, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable ...
McCormick Industries Achieves ISO 9001:2015 for Exceptional Brass Medical Devices Machining
Appleton, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Appleton, Wisconsin - McCormick Industries has announced that its facility now holds ISO 9001:2015 certification, meeting all the rigorous requirements for...