McCormick & Company, Incorporated (MKC) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MKC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MKC, but not buy additional shares or sell existing shares.
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10 brokers have issued 1 year target prices for McCormick & Company, Incorporated's shares. Their MKC share price forecasts range from $66.00 to $94.00. On average, they anticipate the company's stock price to reach $80.10 in the next twelve months. This suggests that the stock has a possible downside of 9.9%.
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McCormick & Company, Incorporated's stock was trading at $82.89 on January 1st, 2023. Since then, MKC shares have increased by 7.3% and is now trading at $88.92.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 5th 2023.
View our MKC earnings forecast.

McCormick & Company, Incorporated (NYSE:MKC) posted its quarterly earnings results on Tuesday, March, 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.10. The company earned $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. McCormick & Company, Incorporated had a trailing twelve-month return on equity of 14.34% and a net margin of 10.42%. McCormick & Company, Incorporated's revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share.
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McCormick & Company, Incorporated declared a quarterly dividend on Wednesday, March 29th. Stockholders of record on Monday, April 10th will be given a dividend of $0.39 per share on Monday, April 24th. This represents a $1.56 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, April 6th.
Read our dividend analysis for MKC.

ETFs with the largest weight of McCormick & Company, Incorporated (NYSE:MKC) stock in their portfolio include Natixis Vaughan Nelson Select ETF (VNSE), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), ProShares MSCI Transformational Changes ETF (ANEW), ProShares Russell US Dividend Growers ETF (TMDV), iShares MSCI Water Management Multisector ETF (IWTR), FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG), ProShares S&P 500 Aristocrats ETF (NOBL) and Motley Fool Next Index ETF (TMFX).

McCormick & Company, Incorporated (NYSE:MKC) pays an annual dividend of $1.56 per share and currently has a dividend yield of 1.76%. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 63.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKC will have a dividend payout ratio of 53.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MKC.

Shares of McCormick & Company, Incorporated split before market open on Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly issued shares were distributed to shareholders after the closing bell on Monday, November 30th 2020. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

McCormick & Company, Incorporated updated its FY 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share (EPS) guidance of $2.56-$2.61 for the period, compared to the consensus EPS estimate of $2.57. The company issued revenue guidance of $6.67 billion-$6.79 billion, compared to the consensus revenue estimate of $6.69 billion.

102 employees have rated McCormick & Company, Incorporated Chief Executive Officer Lawrence Kurzius on Glassdoor.com. Lawrence Kurzius has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other McCormick & Company, Incorporated investors own include NVIDIA (NVDA), Johnson & Johnson (JNJ), Walt Disney (DIS), AbbVie (ABBV), Home Depot (HD), Verizon Communications (VZ), Walmart (WMT), AT&T (T), Mastercard (MA) and Starbucks (SBUX).

McCormick & Company, Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "MKC."

McCormick & Company, Incorporated's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.30%), State Street Corp (5.26%), Geode Capital Management LLC (2.01%), Franklin Resources Inc. (1.82%), Fundsmith Investment Services LTD. (1.52%) and Champlain Investment Partners LLC (0.96%). Insiders that own company stock include Brendan M Foley, Christina M Mcmullen, Freeman A Hrabowski III, Jacques Tapiero, Lawrence Erik Kurzius, Lisa Manzone, Malcolm Swift, Margaret M V Preston, Maritza Gomez Montiel, Michael D Mangan, Michael R Smith and Patricia A Little.
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Shares of MKC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MKC stock can currently be purchased for approximately $88.92.

McCormick & Company, Incorporated (NYSE:MKC) has a market capitalization of $23.85 billion and generates $6.35 billion in revenue each year. The company earns $682 million in net income (profit) each year or $2.47 on an earnings per share basis.

The company employs 14,200 workers across the globe.

McCormick & Company, Incorporated's mailing address is 24 Schilling Road Suite 1, Hunt Valley MD, 21031. The official website for the company is www.mccormickcorporation.com. The company can be reached via phone at (410) 771-7301, via email at kasey_jenkins@mccormick.com, or via fax at 410-771-7462.