McCormick & Company, Incorporated (MKC)

NYSE: MKC · IEX Real-Time Price · USD
72.87
+1.67 (2.35%)
At close: Mar 24, 2023, 4:00 PM
72.72
-0.15 (-0.21%)
After-hours: Mar 24, 2023, 7:46 PM EDT
2.35%
Market Cap 19.79B
Revenue (ttm) 6.35B
Net Income (ttm) 644.20M
Shares Out 271.59M
EPS (ttm) 2.52
PE Ratio 28.92
Forward PE 28.82
Dividend $1.50 (2.06%)
Ex-Dividend Date Dec 29, 2022
Volume 1,221,204
Open 71.41
Previous Close 71.20
Day's Range 71.36 - 73.12
52-Week Range 70.60 - 105.19
Beta 0.55
Analysts Hold
Price Target 78.30 (+7.45%)
Earnings Date Mar 28, 2023

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, and Drogheria & Alimentar... [Read more]

Industry Packaged Foods
Founded 1889
Employees 14,000
Stock Exchange NYSE
Ticker Symbol MKC
Full Company Profile

Financial Performance

In 2022, MKC's revenue was $6.35 billion, an increase of 0.52% compared to the previous year's $6.32 billion. Earnings were $644.20 million, a decrease of -8.38%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for MKC stock is "Hold." The 12-month stock price forecast is $78.3, which is an increase of 7.45% from the latest price.

Price Target
$78.3
(7.45% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Factors to Note as McCormick (MKC) Readies for Q1 Earnings

McCormick's (MKC) first-quarter results are likely to reflect gains from pricing, strong brands and the Comprehensive Continuous Improvement program amid cost headwinds.

2 days ago - Zacks Investment Research

Exclusive: McCormick's iconic red-cap bottles are getting a makeover

McCormick, the top-selling maker of seasonings and spices, is giving its iconic red-cap bottles their first makeover in more than 40 years.

1 week ago - CNN Business

McCormick (MKC) Down More Than 15% in 3 Months: Here's Why

McCormick (MKC) is battling escalated cost inflation and supply-chain expenses, which are denting its gross margin.

2 weeks ago - Zacks Investment Research

McCormick & Company Named to Barron's 2023 100 Most Sustainable Companies List

HUNT VALLEY, Md. , March 9, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that it has been recognized on the 2023 Barron's 100 Most Sus...

2 weeks ago - PRNewsWire

McCormick & Company's 2023 First Quarter Results Conference Call to be Available on the Web

HUNT VALLEY, Md. , March 1, 2023 /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...

3 weeks ago - PRNewsWire

Spice maker McCormick sees 'pushback' from retailers on price increases -CEO

Cholula maker McCormick & Company Inc is looking to hike prices on its spices and hot sauces but is getting "pushback" on the increases, CEO Lawrence Kurzius said in an interview with Reuters on Tuesd...

1 month ago - Reuters

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

HUNT VALLEY, Md., Feb. 6, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be presenting at the Consumer Analyst Group of New York (CAGNY) Conference...

1 month ago - PRNewsWire

3 Consumer Staples Stocks That Will Be Big Winners in 2023

The boom in the technology industry came to an end in 2022. Pandemic-driven demand started to reverse.

Other symbols: CLXTSN
2 months ago - InvestorPlace

McCormick CEO on the company's service levels

Cramer spoke with McCormick CEO Lawrence Kurzius on Thursday.

2 months ago - CNBC Television

McCormick is cutting jobs, starting with ‘voluntary' retirement followed by ‘involuntary' layoffs

McCormick & Co. Inc. reported quarterly results Thursday that disappointed investors again, and said it was laying off employees as part of a plan to cut costs by about $125 million a year and remove ...

2 months ago - Market Watch

McCormick (MKC) Q4 Earnings & Sales Miss Estimates, Decline Y/Y

McCormick's (MKC) fourth-quarter fiscal 2022 results reflect lower earnings and sales due to the Kitchen Basics divestiture, pandemic-led reduced consumption in China and cost inflation, among other f...

2 months ago - Zacks Investment Research

McCormick Sees Private-Label Trend Reversing as Inflation Slows

After months of trade-down to private-label groceries, McCormick said shoppers are returning to name brands.

2 months ago - PYMNTS

McCormick misses on Q4 earnings, issues weaker-than-expected guidance

Yahoo Finance Live anchors discuss fourth-quarter earnings for McCormick.

2 months ago - Yahoo Finance

McCormick (MKC) Misses Q4 Earnings and Revenue Estimates

McCormick (MKC) delivered earnings and revenue surprises of -15.12% and 3.63%, respectively, for the quarter ended November 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

McCormick stock falls after it misses profit target and warns of 2023 earnings shortfall

McCormick & Co. Inc. MKC stock is down 3.8% in premarket trades after the company missed its fourth-quarter earnings and revenue targets and said it would miss analyst expectations for 2023 profit. Th...

2 months ago - Market Watch

McCORMICK REPORTS 2022 FINANCIAL RESULTS AND PROVIDES 2023 OUTLOOK

HUNT VALLEY, Md. , Jan. 26, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the fourth quarter and fiscal year ended ...

2 months ago - PRNewsWire

McCormick (MKC) Gears Up for Q4 Earnings: Things to Consider

McCormick (MKC) fourth-quarter fiscal 2022 performance is likely to reflect gains from strategic pricing and impressive brand portfolio. Also, prudent buyouts are upsides.

2 months ago - Zacks Investment Research

McCormick (MKC) Earnings Expected to Grow: Should You Buy?

McCormick (MKC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

McCormick & Company Ranked World's 22nd Most Sustainable Corporation and No. 1 in Food on the Corporate Knights 2023 Global 100 Sustainability Index

HUNT VALLEY, Md. , Jan. 18, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today was named the world's 22nd most sustainable corporation and No.

2 months ago - PRNewsWire

McCormick & Company Named One of America's Most JUST Companies by JUST Capital

HUNT VALLEY, Md. , Jan. 11, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, was recognized as one of America's Most JUST Companies by JUST Capital.

2 months ago - PRNewsWire

These 15 Dividend Aristocrat stocks have been the best income builders

The S&P Dividend Aristocrats deserve more coverage.

2 months ago - Market Watch

McCormick & Company's 2022 Fourth Quarter Results Conference Call to be Available on the Web

HUNT VALLEY, Md., Jan. 3, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its fourth quarter 202...

2 months ago - PRNewsWire

McCormick (MKC) Benefits From Acquisitions & Cost Savings

McCormick (MKC) is undertaking strategic acquisitions to drive growth. The company is focused on saving costs amid an inflationary environment.

3 months ago - Zacks Investment Research

The 7 Hottest Food Stocks to Own for 2023 and Beyond

Food stocks have regained some favor in 2022. Over the past few years, many investors passed over the sector.

Other symbols: AVOBRBRCOSTHRLHSYPEP
3 months ago - InvestorPlace

Check Out McCormick Before It Reverts to the Mean

There is much to like about McCormick & Co. Inc. ( MKC , Financial), and it is worth checking it now while it is on sale.

3 months ago - GuruFocus