McCormick & Company, Incorporated (MKC)

NYSE: MKC · Real-Time Price · USD
78.28
-0.09 (-0.11%)
Dec 3, 2024, 11:54 AM EST - Market open
-0.11%
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]

Industry Packaged Foods
Founded 1889
Employees 13,800
Stock Exchange NYSE
Ticker Symbol MKC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$78.5
(0.28% upside)
Analyst Consensus: Hold
Stock Forecasts

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...

7 days 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.

8 days 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...

13 days 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...

21 days 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
5 weeks 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...

5 weeks 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...

5 weeks ago - PRNewsWire

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.

5 weeks ago - CNBC Television

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...

6 weeks ago - PRNewsWire

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...

7 weeks ago - GuruFocus

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.

Other symbols: CPBDOLEELFKDPLW
2 months ago - CNBC Television

These consumer-staples stocks could take a hit from the port strike

The dockworkers' strike could impact a number of names in the consumer-staples space, warns Bank of America.

Other symbols: CPBDOLEELFKDPLWPPCTSN
2 months ago - Market Watch

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...

2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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.

2 months ago - Investopedia

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...

2 months ago - Market Watch

Cramer's Mad Dash: McCormick & Co.

CNBC's Jim Cramer delivers his daily Mad Dash.

2 months ago - CNBC Television

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...

2 months ago - Reuters

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...

2 months ago - PRNewsWire

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.

2 months ago - Benzinga

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.

2 months ago - Benzinga

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 ...

2 months ago - Seeking Alpha

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 ...

2 months ago - PRNewsWire

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...

2 months ago - GlobeNewsWire