McCormick & Company, Incorporated (MKC)
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]
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 StatementsAnalyst 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.
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.

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.

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.

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...

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...

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...

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...

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.
McCormick CEO on the company's service levels
Cramer spoke with McCormick CEO Lawrence Kurzius on Thursday.

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 ...

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...

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.
McCormick misses on Q4 earnings, issues weaker-than-expected guidance
Yahoo Finance Live anchors discuss fourth-quarter earnings for McCormick.

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?

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...

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 ...

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.

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.

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.

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.

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...

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.

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.