McCormick & Company, Incorporated (MKC.V)
Market Cap | 18.64B |
Revenue (ttm) | 6.68B |
Net Income (ttm) | 669.40M |
Shares Out | 268.21M |
EPS (ttm) | 2.74 |
PE Ratio | 25.31 |
Forward PE | 23.08 |
Dividend | $1.68 (2.42%) |
Ex-Dividend Date | Jul 8, 2024 |
Volume | 104 |
Open | 69.35 |
Previous Close | 69.92 |
Day's Range | 69.35 - 69.35 |
52-Week Range | 59.12 - 91.50 |
Beta | 0.73 |
Analysts | Hold |
Price Target | 75.67 (+9.11%) |
Earnings Date | Jun 27, 2024 |
About MKC.V
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, MKC.V's revenue was $6.66 billion, an increase of 4.91% compared to the previous year's $6.35 billion. Earnings were $624.20 million, a decrease of -3.10%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for MKC.V stock is "Hold." The 12-month stock price forecast is $75.67, which is an increase of 9.11% from the latest price.
News
McCormick CEO Brendan Foley on Q2 earnings beat and rising prices
Brendan Foley, McCormick CEO, joins 'Power Lunch' to discuss the company's rise in shares, spice commodities and the state of the consumer.
![](https://cdn.snapi.dev/images/v1/u/w/food7-2500641.jpg)
Spice Seller McCormick Rallies on Earnings Beat
Shares of McCormick & Company (MKC) climbed more than 4% in intraday trading Thursday after the spice maker's second-quarter results topped analysts' expectations.
![](https://cdn.snapi.dev/images/v1/s/p/sp2edf-2499972.jpg)
McCormick Stock Is Top S&P 500 Performer After Earnings
Shares of the seasonings maker are on track for their best day since March.
![](https://cdn.snapi.dev/images/v1/m/8/food26-2499732.jpg)
Spice maker McCormick beats quarterly results on strong EMEA business
McCormick beat market expectations for second-quarter profit and sales on Thursday, led by strong demand for its spices and seasonings in Europe, Middle East and Africa.
![](https://cdn.snapi.dev/images/v1/o/k/press7-2499230.jpg)
McCORMICK REPORTS SECOND QUARTER PERFORMANCE, REAFFIRMS 2024 OUTLOOK, AND ANNOUNCES 2024 INVESTOR DAY
HUNT VALLEY, Md. , June 27, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2024 and...
![](https://cdn.snapi.dev/images/v1/l/k/press5-2498747.jpg)
KBRA Assigns AA- Rating to Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds Series 2024A and Series 2024B; Affirms Rating for Parity Bonds
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2024...
![](https://cdn.snapi.dev/images/v1/k/i/press15-2498657.jpg)
McCormick Announces Marcos Gabriel to Become Executive VP & CFO and Planned Retirement of Mike Smith
HUNT VALLEY, Md., June 26, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced the promotion of Marcos Gabriel to Executive Vice President an...
![](https://cdn.snapi.dev/images/v1/r/s/press14-2496314.jpg)
McCormick Declares $0.42 Quarterly Dividend
HUNT VALLEY, Md., June 25, 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 Ju...
![](https://cdn.snapi.dev/images/v1/c/q/press7-2463816.jpg)
McCormick & Company Releases 2023 Purpose-led Performance Report to Share Progress Towards Long-Term Commitments
HUNT VALLEY, Md. , June 5, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today released its 2023 Purpose-led Performance (PLP) Progress Report, which p...
![](https://cdn.snapi.dev/images/v1/d/f/conf15-2453444.jpg)
McCormick & Company to Report 2024 Second Quarter Financial Results on June 27, 2024
HUNT VALLEY, Md., May 30, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its second quarter 202...
![](https://cdn.snapi.dev/images/v1/x/b/press13-2452049.jpg)
Median Technologies to Participate in the 2024 ASCO Annual Meeting, May 31 - June 4, 2024, McCormick Place, Chicago, IL, USA
SOPHIA ANTIPOLIS, France--(BUSINESS WIRE)--Median Technologies to participate in the 2024 ASCO Annual Meeting, May 31 - June 4, 2024, McCormick Place, Chicago, IL, USA.
![](https://cdn.snapi.dev/images/v1/y/9/press10-2442537.jpg)
McCormick Appoints Valarie Sheppard to Board of Directors
HUNT VALLEY, Md., May 21, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today announced that Valarie Sheppard, retired Executive Vice President, Control...
![](https://cdn.snapi.dev/images/v1/z/q/press8-2436875.jpg)
McCormick & Company to Participate in Deutsche Bank's Annual dbAccess Global Consumer Conference
HUNT VALLEY, Md. , May 17, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be participating in Deutsche Bank's annual dbAccess Global Consumer Confe...
![](https://cdn.snapi.dev/images/v1/g/p/press3-2430856.jpg)
McCormick Honors 2024 Student Unsung Heroes; Awards $105,000 in Total Scholarships
Two $40,000 Charles Perry McCormick Scholarships Awarded to Alivia White from Patapsco High School and Akintomiwa David Are from Owings Mills High School HUNT VALLEY, Md., May 14, 2024 /PRNewswire/ --...
![](https://cdn.snapi.dev/images/v1/s/t/press20-2411910.jpg)
Howard Energy Partners Names Kasi McCormick as Senior Vice President of Organizational Effectiveness and Integration
SAN ANTONIO--(BUSINESS WIRE)--Howard Energy Partners (HEP) announced today that Dr. Kasi McCormick has joined the company as Senior Vice President, Organizational Effectiveness and Integration. As a m...
![](https://cdn.snapi.dev/images/v1/w/y/press5-2351875.jpg)
Cognizant signs a large, global infrastructure agreement with McCormick & Company, Inc.
New agreement expected to help transform and manage global technology infrastructure, elevating employee and customer experiences TEANECK, N.J. , April 2, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH)...
Three-Stock Lunch: Visa, McCormick, and CVS
Malcolm Ethridge, CIC Wealth Executive Vice President, joins 'Power Lunch' to discuss his investing take on three stocks: Visa, McCormick, and CVS.
McCormick posts Q1 beat, net income rises 19% year over year
Shares of McCormick & Company (MKC) are trading higher after reporting first quarter net income jumped 19% year over year. The company's CEO says it will continue to expect improved volume performance...
![](https://cdn.snapi.dev/images/v1/n/y/gettyimages-1477551834-08ba0ce-2341949.jpg)
McCormick Surges as Cost-Cutting, Higher Prices Fuel Earnings Beat
McCormick & Co. (MKC) stock jumped premarket Tuesday following the release of a first-quarter earnings report that beat expectations, with the spice maker affirming its full-year projections for 2024.
![](https://cdn.snapi.dev/images/v1/3/f/mccorm-2341537.jpg)
McCormick Stock Pops as Sales Rise on Higher Prices
The seasonings maker reaffirms its fiscal-year financial forecasts.
![](https://cdn.snapi.dev/images/v1/v/d/ucf4uajhsrovfh2vnw4kpu7xuy-2341561.jpg)
Spice maker McCormick beats quarterly results on steady volumes, higher prices
McCormick beat market expectations for first-quarter sales and profit on Tuesday, as consumer demand for its high-priced spices and seasonings held amid sticky inflation.
![](https://cdn.snapi.dev/images/v1/d/x/im-466406size1777777777777778w-2341511.jpg)
McCormick's stock gains as spice maker handily beats Q1 profit estimate
McCormick & Co. Inc.'s stock was up 4.4% in premarket trading on Tuesday after the spice maker's first-quarter profit and revenue topped the FactSet consensus estimates.
![](https://cdn.snapi.dev/images/v1/s/e/gettyimages-1477551834-08ba0ce-2341830.jpg)
McCormick Logs Higher 1Q Sales, Earnings
The spices and flavorings company recorded higher sales and earnings in its fiscal first quarter as costs came down and higher prices offset a downtick in volumes.
![](https://cdn.snapi.dev/images/v1/m/c/press13-2341301.jpg)
McCORMICK REPORTS STRONG FIRST QUARTER PERFORMANCE AND REAFFIRMS 2024 OUTLOOK
HUNT VALLEY, Md. , March 26, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the first quarter ended February 29, 202...
![](https://cdn.snapi.dev/images/v1/4/o/conf14-2300939.jpg)
McCormick & Company to Report 2024 First Quarter Financial Results on March 26, 2024
HUNT VALLEY, Md. , Feb. 29, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its first quarter 20...