McCormick & Company, Incorporated (MKC)
| Market Cap | 19.31B |
| Revenue (ttm) | 6.70B |
| Net Income (ttm) | 643.80M |
| Shares Out | 268.47M |
| EPS (ttm) | 2.62 |
| PE Ratio | 27.45 |
| Forward PE | 25.30 |
| Dividend | $1.68 (2.34%) |
| Ex-Dividend Date | Apr 5, 2024 |
| Volume | 1,830,425 |
| Open | 72.07 |
| Previous Close | 71.76 |
| Day's Range | 71.39 - 72.59 |
| 52-Week Range | 59.13 - 94.39 |
| Beta | 0.73 |
| Analysts | Hold |
| Price Target | 77.11 (+7.23%) |
| 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 $77.11, which is an increase of 7.23% from the latest price.
News
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)...
McCormick Declares $0.42 Quarterly Dividend
HUNT VALLEY, Md. , March 27, 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...
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...
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.
McCormick Stock Pops as Sales Rise on Higher Prices
The seasonings maker reaffirms its fiscal-year financial forecasts.
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.
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.
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.
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...
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...
