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McCormick & Company, Inc. (MKC)

NYSE: MKC · Delayed Price · USD
86.60
+0.33 (0.38%)
After-hours:Sep 17, 2021 7:51 PM EDT
86.27
0.16 (0.19%)
At close: Sep 17, 4:00 PM
Market Cap23.06B
Revenue (ttm)6.03B
Net Income (ttm)695.40M
Shares Out267.30M
EPS (ttm)2.79
PE Ratio30.93
Forward PE26.81
Dividend$1.30 (1.51%)
Ex-Dividend DateJul 9, 2021
Volume2,386,808
Open86.18
Previous Close86.11
Day's Range85.76 - 86.80
52-Week Range81.40 - 100.16
Beta0.47
AnalystsHold
Price Target90.83 (+5.3%)
Est. Earnings DateSep 30, 2021

About MKC

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers rice, spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné...

IndustryFood Products
Founded1889
CEOLawrence Kurzius
Employees13,000
Stock ExchangeNYSE
Ticker SymbolMKC
Full Company Profile

Financial Performance

In 2020, McCormick's revenue was $5.60 billion, an increase of 4.75% compared to the previous year's $5.35 billion. Earnings were $706.60 million, an increase of 6.77%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for McCormick stock is "Hold." The 12-month stock price forecast is 90.83, which is an increase of 5.29% from the latest price.

Price Target
$90.83
(5.29% upside)
Analyst Consensus: Hold

News

The Smartest Dividend Stocks to Buy With $400 Right Now

Put that money to work on investments that pay you back.

Other symbols:KOSHW
1 week ago - The Motley Fool

McCormick (MKC) Benefits From Prudent Buyouts & Innovations

McCormick (MKC) expands its presence through acquisitions to boost portfolio. The company's focus on cost savings bodes well.

1 week ago - Zacks Investment Research

McCormick & Company's 2021 Third Quarter Results Conference Call to be Available on the Web

HUNT VALLEY, Md., Sept. 3, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its third quarter 2021 ...

2 weeks ago - PRNewsWire

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2 weeks ago - The Motley Fool

3 Beaten-Down Growth Stocks to Buy in September

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3 weeks ago - The Motley Fool

McCormick & Company to Participate in the Barclays Global Consumer Staples Conference

HUNT VALLEY, Md., Aug. 17, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be participating in a fireside chat at the Barclays Global Consumer Staples...

1 month ago - PRNewsWire

Pandemic-Led Demand Aids McCormick (MKC), High Costs Persist

McCormick (MKC) is seeing higher demand amid sustained at-home consumption trend as well as recovery in away-from-home consumption. However, high costs are a concern.

1 month ago - Zacks Investment Research

McCormick & Company Advances Grown for Good Sustainability Standard for Suppliers Around the World

HUNT VALLEY, Md., Aug. 16, 2021 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, announced the advancement of McCormick's Grown for Good third-party verified sust...

1 month ago - PRNewsWire

7 Best Stocks to Buy if You Don't Like to Take Chances

With stock indexes near record highs, it's worth grabbing some defensive holdings now. Here are seven safe stocks to buy.

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1 month ago - InvestorPlace

Looking Under the Covers at McCormick's Gross Margins

The restaurant segment is critical for its bottom line.

1 month ago - The Motley Fool

McCormick Just Showed Why It's a Solid Reopening Stock

Food giant McCormick is on a roll, and getting a big assist from the pandemic-related reopening process.

1 month ago - The Motley Fool

McCormick recalls seasonings for possible salmonella at major chain stores

Frank's RedHot is among the items affected by the widespread contamination. The products were shipped to 32 US states, Bermuda and Canada between June 20 and July 21.

1 month ago - New York Post

Voluntary Recall Notice of McCormick Italian Seasoning products and Frank's RedHot Buffalo Ranch Seasoning due to Pos...

HUNT VALLEY, Md., July 26, 2021 /PRNewswire/ -- McCormick & Company, Inc. is initiating a voluntary recall of McCormick Perfect Pinch Italian Seasoning, McCormick Culinary Italian Seasoning and Frank's ...

1 month ago - PRNewsWire

11 Safe Stocks for Superior Gains

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1 month ago - Kiplinger

How to Analyze Any Stock's Quarterly Earnings

Earnings season might seem intimidating, but it doesn't have to be.

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2 months ago - The Motley Fool

4 Food Stocks Worth Relishing Despite Industry Challenges

The Zacks Food-Miscellaneous industry is facing headwinds surrounding at-home demand moderation. Nevertheless, portfolio growth efforts have been aiding Mondelez (MDLZ), The J.M.

2 months ago - Zacks Investment Research

McCormick: A Food Stock to Buy on Dips

With the ongoing bull market, one of the most common trends is the investor community is exiting defensive stocks and going in for high-growth plays. Food industry giants that were among the top perform...

2 months ago - GuruFocus

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2 months ago - The Motley Fool

8 Stocks Primed to Outperform in July

July is a good time to buy fundamentally strong shares. Here are eight of the best stocks to buy for long-term investment portfolios.

2 months ago - InvestorPlace

McCormick Earnings Call: 3 Takeaways

The spice giant has an inside track at market share growth.

2 months ago - The Motley Fool

3 Reasons to Buy McCormick After Its Q2 Earnings Report

The business is stronger than the stock price would suggest.

2 months ago - The Motley Fool

Celebrate Independence Day With These 4 Fairly Valued Food Companies

As more people get vaccinated across the country and restrictions on large gatherings are lifted, consumers are looking forward to cooking out and watching firework displays to celebrate Independence Day.

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2 months ago - GuruFocus

Important points from McCormick's Q2 earnings report

McCormick & Co (NYSE: MKC) reported its financial results for the second quarter on Thursday that beat Wall Street estimates and raised its guidance for the full year. Shares of the company tanked just ...

2 months ago - Invezz

McCormick's (MKC) Q2 Earnings Beat Estimates, Sales Up Y/Y

McCormick's (MKC) second-quarter fiscal 2021 results reflect the impact of higher sales driven by growth in the Flavor Solutions unit. Management raises fiscal 2021 view.

2 months ago - Zacks Investment Research

McCormick Q2 Results Smashes Estimates; Raises FY21 Outlook

McCormick & Company Inc (NYSE: MKC) reported second-quarter FY21 sales of $1.56 billion, up 11% year-on-year, beating the consensus estimate of $1.47 billion. Flavor solutions segment sales increased 39...

2 months ago - Benzinga