McCormick & Company, Incorporated (MKC)
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]
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 StatementsAnalyst 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.
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...
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...
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 ...
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...
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.
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...
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...
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.
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...
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.
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...
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...
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.
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...
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...
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...
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...
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.
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.
Cramer's Mad Dash: McCormick & Company
CNBC's Jim Cramer delivers his daily Mad Dash.
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.
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.
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...
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...