McCormick & Company Incorporated (MKC)

NYSE
Currency in USD
74.89
+0.13(+0.17%)
Closed
After Hours
75.25+0.36(+0.48%)
MKC Scorecard
Full Analysis
Has raised its dividend for 39 consecutive years
Fair Value
Day's Range
74.1075.34
52 wk Range
64.3385.49
Key Statistics
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Prev. Close
74.76
Open
74.1
Day's Range
74.1-75.34
52 wk Range
64.33-85.49
Volume
2.65M
Average Volume (3m)
1.79M
1-Year Change
8.41%
Book Value / Share
19.72
Fair Value
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Fair Value Upside
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MKC Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
83.66
Upside
+11.71%
Members' Sentiments
Bearish
Bullish
ProTips
7 analysts have revised their earnings downwards for the upcoming period
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McCormick&Co Company Profile

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, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; and McCormick and DaQiao brands in the Asia/Pacific, as well as markets desserts under the Aeroplane brand and packaged chilled herbs under the Gourmet Garden brand name; and 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.

Employees
14100

McCormick & Company Incorporated SWOT Analysis


Flavor Market Leade
Explore McCormick's dominant position in spices and seasonings, leveraging the shift towards at-home cooking and evolving consumer preferences for flavorful ingredients
Segment Performance
Delve into the contrasting trends between McCormick's thriving Consumer segment and the challenges faced by its Flavor Solutions division
Financial Outlook
Analyst price targets for McCormick range from $67 to $96, reflecting mixed views on the company's growth potential and profitability
Strategic Growth
Learn about McCormick's commitment to an above-industry average long-term growth algorithm, despite near-term challenges in fiscal years 2024 and 2025
Read full SWOT analysis

McCormick & Company Incorporated Earnings Call Summary for Q3/2024

  • Q3 sales flat in constant currency; Consumer segment up 1% in volume; gross profit margin expanded 170 basis points
  • 2024 outlook: 1% decline to 1% growth in constant currency net sales; adjusted EPS forecast $2.85-$2.90
  • Strategic investments in brand marketing and innovation to drive volume trends and long-term growth
  • Challenges in QSR sector and China business; Q4 EPS expected to decline 15% year-over-year due to increased SG&A
  • Focus on digital transformation, healthy cooking trends, and maintaining pricing strategy for 2025
Last Updated: 02-10-2024, 01:54 pm
Read Full Transcript

Compare MKC to Peers and Sector

Metrics to compare
MKC
Peers
Sector
Relationship
P/E Ratio
25.5x17.9x11.7x
PEG Ratio
1.600.650.03
Price/Book
3.8x2.4x1.5x
Price / LTM Sales
3.0x1.5x0.9x
Upside (Analyst Target)
11.8%20.3%23.7%
Fair Value Upside
Unlock16.5%9.6%Unlock

Analyst Ratings

6 Buy
10 Hold
1 Sell
Ratings:
17 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 83.66
(+11.71% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 2.94
Dividend Yield
2.40%
Industry Median 3.35%
Annualised payout
1.8000
Paid quarterly
5-Years Growth
+8.06%
Growth Streak

Earnings

Latest Release
Jan 23, 2025
EPS / Forecast
0.80 / 0.77
Revenue / Forecast
1.79B / 1.77B
EPS Revisions
Last 90 days

FAQ

What Is the McCormick&Co (MKC) Stock Price Today?

The McCormick&Co stock price today is 74.89.

What Stock Exchange Does McCormick&Co Trade On?

McCormick&Co is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for McCormick&Co?

The stock symbol for McCormick&Co is "MKC."

Does McCormick&Co Pay Dividends? What’s The Current Dividend Yield?

The McCormick&Co dividend yield is 2.40%.

What Is the McCormick&Co Market Cap?

As of today, McCormick&Co market cap is 20.08B.

What is McCormick&Co Earnings Per Share?

The McCormick&Co EPS is 2.94.

What Is the Next McCormick&Co Earnings Date?

McCormick&Co will release its next earnings report on 31 Mar 2025.

From a Technical Analysis Perspective, Is MKC a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Buy.
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