McCormick/MKC

$73.92

1.67%
-
1D1W1MYTD1YMAX

About McCormick

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the entire food industry, including e-commerce channels, grocery, food manufacturers and foodservice businesses. The Company operates through two business segments: Consumer and Flavor Solutions. In the Consumer segment, it sells its products under the McCormick brand and a variety of brands around the world, including French's, Frank's RedHot, Lawry’s, Zatarain’s, Simply Asia, Thai Kitchen, Ducros, Vahine, Cholula, Schwartz, Club House, Kamis, DaQiao, La Drogheria, Stubb's, OLD BAY and Gourmet Garden. In its Flavor Solutions segment, it provides a range of products to multinational food manufacturers and foodservice customers. Its sales, distribution and production facilities are located in North America, Europe and China. Additional facilities are based in Australia, Central America, Thailand and South Africa.

Ticker

MKC

Sector

Consumer Non-Cyclicals

Trading on

NYSE

Industry

Food Processing

CEO

Lawrence Kurzius

Employees

13,800

Headquarters

Hunt valley, United States

McCormick Metrics

BasicAdvanced
$19.83B
Market cap
28.19
P/E ratio
$2.62
EPS
0.73
Beta
$1.59
Dividend rate
2.27%
Dividend yield
$19.83B
0.72501
$94.39
$59.13
2.12M
$1.59
0.679
0.299
63.624
85.179
76.23%
160.785
5.5%
4.93%
14.01%
6.52%
28.191
2.96
3.792
34.113
1.64%
2.15%
2.27%
4.78%
6.27%
5.95%
-3.16%
7.95%

What the Analysts think about McCormick

Analyst Ratings

Majority rating from 17 analysts.
Hold

Price Targets

Average projection from 14 analysts.
3.79% upside
High $92.00
Low $66.00
$73.92
Current price
$76.72
Average price target

McCormick Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
10.35% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$1.6B
-8.56%
Net income
$166M
-24.3%
Profit margin
10.35%
-17.27%

McCormick Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 8.98%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.60
$0.65
$0.85
$0.63
-
Expected
$0.57
$0.65
$0.79
$0.58
$0.60
Surprise
5.08%
-0.54%
7.25%
8.98%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for McCormick stock?

McCormick (MKC) has a market cap of $19.83B as of April 22, 2024.

What is the P/E ratio for McCormick stock?

The price to earnings (P/E) ratio for McCormick (MKC) stock is 28.19 as of April 22, 2024.

Does McCormick stock pay dividends?

Yes, the McCormick (MKC) stock pays dividends to shareholders. As of April 22, 2024, the dividend rate is $1.59 and the yield is 2.27%. McCormick has a payout ratio of 76.23% on a trailing twelve-month basis.

When is the next McCormick dividend payment date?

The next McCormick (MKC) dividend payment is scheduled for April 22, 2024.

What is the beta indicator for McCormick?

McCormick (MKC) has a beta rating of 0.73. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the McCormick stock price target?

The target price for McCormick (MKC) stock is $76.72, which is 3.79% above the current price of $73.92. This is an average based on projections from 14 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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