McCormick & Company, Incorporated (MKC)

NYSE: MKC · IEX Real-Time Price · USD
68.12
-0.05 (-0.07%)
Mar 18, 2024, 4:00 PM EDT - Market closed
-0.07%
Market Cap 18.27B
Revenue (ttm) 6.66B
Net Income (ttm) 624.20M
Shares Out 267.95M
EPS (ttm) 2.52
PE Ratio 27.03
Forward PE 25.10
Dividend $1.68 (2.47%)
Ex-Dividend Date Dec 28, 2023
Volume 1,476,676
Open 68.16
Previous Close 68.17
Day's Range 67.96 - 69.17
52-Week Range 59.13 - 94.39
Beta 0.72
Analysts Hold
Price Target 75.22 (+10.42%)
Earnings Date Mar 26, 2024

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, MKC'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 Statements

Analyst Forecast

According to 10 analysts, the average rating for MKC stock is "Hold." The 12-month stock price forecast is $75.22, which is an increase of 10.42% from the latest price.

Price Target
$75.22
(10.42% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

18 days ago - PRNewsWire

McCormick & Company Named to Barron's Most Sustainable U.S. Companies List

HUNT VALLEY, Md. , Feb. 28, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that it has been recognized on the 2024 Barron's 100 Most Sus...

19 days ago - PRNewsWire

There's Been a Regime Change in FX, Says TD's McCormick

"In the context of the FX market, there's been a dramatic regime change," said Mark McCormick, global head of FX and EM strategy at TD Securities. He sees a pickup in global growth and risk sentiment ...

19 days ago - Bloomberg Markets and Finance

McCormick & Company to Present at Consumer Analyst Group of New York Conference

HUNT VALLEY, Md. , Feb. 6, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be presenting at the Consumer Analyst Group of New York (CAGNY) Conferenc...

5 weeks ago - PRNewsWire

Who is Kathaleen McCormick, the judge who slashed Elon Musk's pay package?

The Delaware judge who rescinded Elon Musk's record $56 billion compensation from Tesla on Tuesday has a reputation for her calm demeanor and demanding standards for corporate behavior.

6 weeks ago - Reuters

Hot sauce maker McCormick forecasts weak 2024 on falling sales volumes

McCormick on Thursday forecast its annual sales and profit below Wall Street estimates, hit by lower sales volumes as consumers traded down to cheaper private label alternatives for spices and seasoni...

7 weeks ago - Reuters

McCORMICK REPORTS 2023 FINANCIAL RESULTS AND PROVIDES 2024 OUTLOOK

HUNT VALLEY, Md., Jan. 25, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the fourth quarter and fiscal year ended N...

7 weeks ago - PRNewsWire

Simpler Trading's Danielle Shay on IBM, McCormick and airline stocks

Danielle Shay, vice president of options at Simpler Trading, joins 'The Exchange' to discuss predictions for IBM, McCormick, and airlines stocks.

Other symbols: IBM
7 weeks ago - CNBC Television

McCormick Appoints Terry Thomas to Board of Directors

HUNT VALLEY, Md. , Jan. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that Terry Thomas, Chief Growth Officer of Flowers Foods, Inc...

7 weeks ago - PRNewsWire

McCormick & Company Named to Corporate Knights Global 100 Sustainability Index for 8th Consecutive Year

The global leader in flavor remains No. 1 in the food products industry for its efforts to transition to low-carbon, renewable energy sources in operations HUNT VALLEY, Md.

2 months ago - PRNewsWire

McCormick & Company to Report 2023 Fourth Quarter Financial Results on January 25, 2024

HUNT VALLEY, Md. , Jan. 3, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its fourth quarter 20...

2 months ago - PRNewsWire

McCormick & Company's 2050 Net-Zero Target Validated by Science Based Targets Initiative

Verification Reinforces McCormick's Commitment to Achieving a Sustainable Future Through Energy Efficiency, Sustainable Agriculture, and Value Chain Engagement HUNT VALLEY, Md. , Dec. 11, 2023 /PRNews...

3 months ago - PRNewsWire

McCormick & Co. raises its quarterly dividend 7.7%

McCormick & Co. MKC will raise its quarterly dividend 7.7%, which the company said reflects its commitment to long-term growth and returning cash to shareholders.

3 months ago - Market Watch

McCormick Announces Increase in Quarterly Dividend

HUNT VALLEY, Md. , Nov. 28, 2023 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared an increase in the quarterly dividend from $0.39 to $0.42 per sha...

3 months ago - PRNewsWire

67 Best Dividend Stocks for Dependable Dividend Growth

The highest yield isn't everything when it comes to finding the best dividend stocks. Income investors know there's no substitute for regular dividend increases over the long haul.

4 months ago - Kiplinger

What exactly are patients taking new weight-loss drugs eating and what are they avoiding? Bernstein asked them.

Bernstein analysts set out to determine that, analyzing online data to better understand changes in eating habits — and to evaluate which food companies may be most affected. They published the result...

Other symbols: CPBGISHSYKKHCLLYMDLZ
5 months ago - Market Watch

McCormick CEO: Grocery Shoppers Want Value Without Sacrificing Brand Names

Even as consumers seek out low-cost options, they choose brand names when given a budget-friendly choice, according to McCormick. The flavors and seasonings giant shared on a call with analysts Tuesda...

5 months ago - PYMNTS

FloraWorks Appoints Cannabis Scientist Dr. Mike McCormick as VP of Strategy

Portland, Oregon--(Newsfile Corp. - October 4, 2023) - FloraWorks Holdings Inc., a leading cannabinoid therapeutics company, announced the appointment of Dr. Mike McCormick as VP of Strategy. A scienc...

5 months ago - Newsfile Corp

With rates going nuts McCormick won't get credit for consistent growth, says Jim Cramer

'Mad Money' host Jim Cramer talks the importance of the bond market.

5 months ago - CNBC Television

McCormick Sees Demand Fall in China, and Shares Sink

McCormick & Company (MKC) sales were less than expected as demand in China slowed. The news sent shares tumbling.

5 months ago - Investopedia

Cramer's Mad Dash: McCormick & Company

CNBC's Jim Cramer delivers his daily Mad Dash.

5 months ago - CNBC Television

Here's why Jim Cramer sees opportunity in the troubled stock of spice maker McCormick

McCormick (MKC) is increasingly becoming an attractive investment opportunity, CNBC's Jim Cramer said Tuesday.

5 months ago - CNBC

McCormick Stock Falls as Sales Hit by China's Slow Recovery

The seasonings maker's sales for the Asia-Pacific region declined 16% from last year.

5 months ago - Barrons

McCormick matches profit estimate but comes up short on sales

McCormick & Co. Inc. MKC, -1.22% reported Tuesday fiscal third-quarter profit that matched expectations but sales that came up a bit short, as prices increased but volume declined due to a slower-than...

6 months ago - Market Watch

McCORMICK REPORTS STRONG THIRD QUARTER PERFORMANCE

HUNT VALLEY, Md. , Oct. 3, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2023 an...

6 months ago - PRNewsWire