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NYSE:MKC

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

McCormick & Company, Incorporated logo
$74.62 +0.65 (+0.88%)
(As of 11/18/2024 ET)

About McCormick & Company, Incorporated Stock (NYSE:MKC)

Key Stats

Today's Range
$73.78
$74.75
50-Day Range
$73.97
$84.76
52-Week Range
$63.67
$85.49
Volume
1.84 million shs
Average Volume
1.91 million shs
Market Capitalization
$20.03 billion
P/E Ratio
25.38
Dividend Yield
2.25%
Price Target
$79.57
Consensus Rating
Hold

Company Overview

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 brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

McCormick & Company, Incorporated Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
63rd Percentile Overall Score

MKC MarketRank™: 

McCormick & Company, Incorporated scored higher than 63% of companies evaluated by MarketBeat, and ranked 74th out of 144 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for McCormick & Company, Incorporated are expected to grow by 6.85% in the coming year, from $2.92 to $3.12 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of McCormick & Company, Incorporated is 25.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.18.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of McCormick & Company, Incorporated is 25.38, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 23.92.

  • Price to Earnings Growth Ratio

    McCormick & Company, Incorporated has a PEG Ratio of 3.38. 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 3.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about McCormick & Company, Incorporated's valuation and earnings.
  • Percentage of Shares Shorted

    1.84% 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 2.9, 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 increased by 6.00%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    McCormick & Company, Incorporated pays a meaningful dividend of 2.27%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    McCormick & Company, Incorporated has been increasing its dividend for 37 years.

  • Dividend Coverage

    The dividend payout ratio of McCormick & Company, Incorporated is 57.14%. 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 53.85% next year. This indicates that McCormick & Company, Incorporated will be able to sustain or increase its dividend.

  • Read more about McCormick & Company, Incorporated's dividend.
  • Percentage of Shares Shorted

    1.84% 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 2.9, 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 increased by 6.00%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    McCormick & Company, Incorporated has a news sentiment score of 1.00. 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 is a higher news sentiment than the 0.65 average news sentiment score of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for McCormick & Company, Incorporated this week, compared to 8 articles on an average week.
  • Search Interest

    Only 9 people have searched for MKC on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
  • MarketBeat Follows

    Only 8 people have added McCormick & Company, Incorporated to their MarketBeat watchlist in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
  • 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 $1,565,850.00 in company stock.

  • Percentage Held by Insiders

    22.90% 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.

  • Read more about McCormick & Company, Incorporated's insider trading history.

MKC Stock News Headlines

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Stifel Nicolaus Sticks to Its Hold Rating for McCormick & Company (MKC)
J.P. Morgan Sticks to Their Sell Rating for McCormick & Company (MKC)
See More Headlines

MKC Stock Analysis - Frequently Asked Questions

McCormick & Company, Incorporated's stock was trading at $68.42 on January 1st, 2024. Since then, MKC stock has increased by 9.1% and is now trading at $74.62.
View the best growth stocks for 2024 here
.

McCormick & Company, Incorporated (NYSE:MKC) posted its earnings results on Tuesday, October, 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.15. The business's quarterly revenue was down .3% on a year-over-year basis.
Read the conference call transcript
.

McCormick & Company, Incorporated's stock split on the morning of Tuesday, December 1st 2020. The 2-1 split was announced on Tuesday, September 29th 2020. The newly minted shares were payable 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's top institutional shareholders include State Street Corp (5.71%), Geode Capital Management LLC (2.19%), Massachusetts Financial Services Co. MA (1.42%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (1.12%). 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, Katherine Jenkins and Lisa Manzone.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

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

Last Earnings
10/01/2024
Ex-Dividend for 10/21 Dividend
10/07/2024
Dividend Payable
10/21/2024
Today
11/18/2024
Fiscal Year End
11/30/2024
Next Earnings (Estimated)
1/23/2025

Industry, Sector and Symbol

Industry
Miscellaneous food preparations & kindred products
Sub-Industry
Packaged Foods & Meats
CUSIP
57978020
Employees
13,800
Year Founded
1889

Price Target and Rating

Average Stock Price Target
$79.57
High Stock Price Target
$96.00
Low Stock Price Target
$57.00
Potential Upside/Downside
+6.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$680.60 million
Pretax Margin
13.35%

Debt

Sales & Book Value

Annual Sales
$6.66 billion
Cash Flow
$3.49 per share
Book Value
$18.95 per share

Miscellaneous

Free Float
206,903,000
Market Cap
$20.03 billion
Optionable
Optionable
Beta
0.77

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This page (NYSE:MKC) was last updated on 11/19/2024 by MarketBeat.com Staff
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