McCormick & Company, Incorporated (MKC)

NYSE: MKC · IEX Real-Time Price · USD
71.76
-1.66 (-2.26%)
Apr 12, 2024, 4:00 PM EDT - Market closed
-2.26%
Market Cap 19.28B
Revenue (ttm) 6.70B
Net Income (ttm) 643.80M
Shares Out 268.61M
EPS (ttm) 2.62
PE Ratio 27.39
Forward PE 25.25
Dividend $1.68 (2.34%)
Ex-Dividend Date Apr 5, 2024
Volume 1,342,373
Open 73.19
Previous Close 73.42
Day's Range 71.36 - 73.19
52-Week Range 59.13 - 94.39
Beta 0.73
Analysts Hold
Price Target 77.11 (+7.46%)
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]

Industry Packaged Foods
Founded 1889
Employees 13,800
Stock Exchange NYSE
Ticker Symbol MKC
Full Company Profile

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 Statements

Analyst 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 7.46% from the latest price.

Price Target
$77.11
(7.46% upside)
Analyst Consensus: Hold
Stock Forecasts

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)...

Other symbols: CTSH
11 days ago - PRNewsWire

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...

16 days ago - PRNewsWire

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.

Other symbols: CVSV
17 days ago - CNBC Television

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...

18 days ago - Yahoo Finance

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.

18 days ago - Investopedia

McCormick Stock Pops as Sales Rise on Higher Prices

The seasonings maker reaffirms its fiscal-year financial forecasts.

18 days ago - Barrons

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.

18 days ago - Reuters

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.

18 days ago - Market Watch

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.

18 days ago - WSJ

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...

18 days ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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 ...

6 weeks ago - Bloomberg Markets and Finance

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...

2 months ago - PRNewsWire

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.

2 months ago - Reuters

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...

2 months ago - Reuters

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...

2 months ago - PRNewsWire

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.

Other symbols: IBM
2 months ago - CNBC Television

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...

2 months ago - PRNewsWire

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.

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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.

4 months ago - Market Watch

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...

4 months ago - PRNewsWire

67 Best Dividend Stocks for Dependable Dividend Growth

The highest yield isn't everything when it comes to finding the best dividend stocks. Income investors know there's no substitute for regular dividend increases over the long haul.

5 months ago - Kiplinger