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

Company Overview

McCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

Key Stats

• Today's Range: $78.85 to $79.70
• 50-Day Range: $71.21 to $80.56
• 52-Week Range: $65.72 to $85.49
• Volume: 164,788 shs
• Average Volume: 1.88 million shs
• Market Capitalization: $21.35 billion
• P/E Ratio: 27.18
• Dividend Yield: 2.26%
• Price Target: $83.75
• Consensus Rating: Moderate Buy

McCormick & Company, Incorporated Stock Analysis - MarketRank™

McCormick & Company, Incorporated scored higher than 63% of companies evaluated by MarketBeat, and ranked 76th out of 153 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

McCormick & Company, Incorporated has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

McCormick & Company, Incorporated has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 7.82%

Earnings Growth

Earnings for McCormick & Company, Incorporated are expected to grow by 7.82% in the coming year, from $3.07 to $3.31 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of McCormick & Company, Incorporated is 27.05, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of McCormick & Company, Incorporated is 27.05, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 13.24.

Price to Earnings Growth Ratio

McCormick & Company, Incorporated has a PEG Ratio of 3.74. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

McCormick & Company, Incorporated has a P/B Ratio of 3.99. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.13% of the outstanding shares of McCormick & Company, Incorporated have been sold short.

Short Interest Ratio / Days to Cover

McCormick & Company, Incorporated has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in McCormick & Company, Incorporated has recently decreased by 0.17%, indicating that investor sentiment is improving.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

McCormick & Company, Incorporated pays a meaningful dividend of 2.29%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

McCormick & Company, Incorporated has been increasing its dividend for 38 years.

Dividend Coverage

The dividend payout ratio of McCormick & Company, Incorporated is 61.43%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, McCormick & Company, Incorporated will have a dividend payout ratio of 54.38% next year. This indicates that McCormick & Company, Incorporated will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.13% of the outstanding shares of McCormick & Company, Incorporated have been sold short.

Short Interest Ratio / Days to Cover

McCormick & Company, Incorporated has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in McCormick & Company, Incorporated has recently decreased by 0.17%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: 0.74

News Sentiment

McCormick & Company, Incorporated has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for McCormick & Company, Incorporated this week, compared to 9 articles on an average week.

Search Interest

Only 8 people have searched for MKC on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added McCormick & Company, Incorporated to their MarketBeat watchlist in the last 30 days. This is a decrease of -55% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, McCormick & Company, Incorporated insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,163,927.00 in company stock.

Percentage Held by Insiders

23.80% of the stock of McCormick & Company, Incorporated is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

79.74% of the stock of McCormick & Company, Incorporated is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MKC Stock Analysis - Frequently Asked Questions

How have MKC shares performed this year?

McCormick & Company, Incorporated's stock was trading at $76.24 at the start of the year. Since then, MKC shares have increased by 4.0% and is now trading at $79.2540.
View the best growth stocks for 2025 here.

How were McCormick & Company, Incorporated's earnings last quarter?

McCormick & Company, Incorporated (NYSE:MKC) posted its earnings results on Thursday, January, 23rd. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.73% and a trailing twelve-month return on equity of 14.89%.
Read the conference call transcript.

When did McCormick & Company, Incorporated's stock split?

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

Who are McCormick & Company, Incorporated's major shareholders?

Top institutional investors of McCormick & Company, Incorporated include Vanguard Group Inc. (11.84%), Geode Capital Management LLC (2.25%), DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (2.00%) and Franklin Resources Inc. (1.39%). Insiders that own company stock include Lawrence Erik Kurzius, Michael R Smith, Jeffery D Schwartz, Michael D Mangan, Jacques Tapiero, Patricia A Little, Margaret M V Preston, Maritza Gomez Montiel, Brendan M Foley and Katherine Jenkins.
View institutional ownership trends.

How do I buy shares of McCormick & Company, Incorporated?

Shares of MKC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of McCormick & Company, Incorporated own?

Based on aggregate information from My MarketBeat watchlists, some other companies that McCormick & Company, Incorporated investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Home Depot (HD), JPMorgan Chase & Co. (JPM), Walmart (WMT) and Netflix (NFLX).

Company Calendar

• Ex-Dividend for 1/13 Dividend: 12/30/2024
• Dividend Payable: 1/13/2025
• Last Earnings: 1/23/2025
• Today: 2/21/2025
• Next Earnings (Estimated): 3/25/2025
• Fiscal Year End: 11/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Miscellaneous food preparations & kindred products
• Sub-Industry: Packaged Foods & Meats
• Current Symbol: NYSE:MKC
• CUSIP: 57978020
• CIK: 63754
• Web: www.mccormickcorporation.com
• Phone: (410) 771-7301
• Fax: 410-771-7462
• Employees: 14,100
• Year Founded: 1889

Price Target and Rating

• Average Stock Price Target: $83.75
• High Stock Price Target: $96.00
• Low Stock Price Target: $69.00
• Potential Upside/Downside: +5.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.93
• Trailing P/E Ratio: 27.05
• Forward P/E Ratio: 25.82
• P/E Growth: 3.74
• Net Income: $788.50 million
• Net Margins: 11.73%
• Pretax Margin: 13.36%
• Return on Equity: 14.89%
• Return on Assets: 6.10%

Debt

• Debt-to-Equity Ratio: 0.68
• Current Ratio: 0.74
• Quick Ratio: 0.31

Sales & Book Value

• Annual Sales: $6.72 billion
• Price / Sales: 3.16
• Cash Flow: $3.78 per share
• Price / Cash Flow: 20.99
• Book Value: $19.84 per share
• Price / Book: 3.99

Miscellaneous

• Outstanding Shares: 268,150,000
• Free Float: 204,333,000
• Market Cap: $21.25 billion
• Optionable: Optionable
• Beta: 0.75