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Mccormick & Company Inc. (MKC)
NYSE:MKC
Holding MKC?
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MKC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$63.67 - $85.49
Previous Close$77.13
Volume2.02M
Average Volume (3M)1.78M
Market Cap
$20.21B
Enterprise Value$24.62B
Total Cash (Recent Filing)$200.80M
Total Debt (Recent Filing)$4.59B
Price to Earnings (P/E)25.6
Beta0.18
Next Earnings
Jan 23, 2025EPS Estimate
$0.77Next Dividend Ex-Date
Dec 30, 2024Dividend Yield2.23%
Share Statistics
EPS (TTM)2.94
Shares Outstanding268,357,046
10 Day Avg. Volume1,813,979
30 Day Avg. Volume1,782,926
Standard Deviation0.07
R-Squared0.35
Alpha-0.00589
Financial Highlights & Ratios
Price to Book (P/B)3.82
Price to Sales (P/S)3.03
Price to Cash Flow (P/CF)31.30
P/FCF Ratio33.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.72
Enterprise Value/Gross Profit9.84
Enterprise Value/Ebitda18.91
Forecast
1Y Price Target
$85.20Price Target Upside9.30% Upside
Rating ConsensusHold
Number of Analyst Covering11
McCormick & Company News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMKC reported 3Q24 earnings above street driven by better gross and operating margin.
Global Demand And ExpansionGlobal flavor demand is anticipated to grow, offering a geographic mix shift opportunity for McCormick.
Innovative StrategiesGrowth is expected to remain impressive thanks to innovative packaging, new pack sizes, and more/better advertising.
Bears Say
Business StrategyThe Americas retail business is still not fully capitalizing on strong consumer demand in the Spice & Seasoning's category and hot sauce remains challenged due to Huy Fong sriracha regaining shelf space.
Financial PerformanceManagement acknowledged that 2025 probably won’t be an on-algo year due to a lack of pricing and the need to raise advertising faster than revenue growth.
Market ConditionsClimbing from only 1% in FY24 to 4% in FY26 sounds difficult, especially with China so weak and pricing dissipating.
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Ownership Overview
0.28% Insiders
22.80% Mutual Funds
21.97% Other Institutional Investors
27.67% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MKC FAQ
What was Mccormick & Company Inc.’s price range in the past 12 months?
Mccormick & Company Inc. lowest stock price was $63.67 and its highest was $85.49 in the past 12 months.
What is Mccormick & Company Inc.’s market cap?
Currently, no data Available
When is Mccormick & Company Inc.’s upcoming earnings report date?
Mccormick & Company Inc.’s upcoming earnings report date is Jan 23, 2025 which is in 62 days.
How were Mccormick & Company Inc.’s earnings last quarter?
Mccormick & Company Inc. released its earnings results on Oct 01, 2024. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.673 by $0.157.
Is Mccormick & Company Inc. overvalued?
According to Wall Street analysts Mccormick & Company Inc.’s price is currently Undervalued.
Does Mccormick & Company Inc. pay dividends?
Mccormick & Company Inc. pays a Quarterly dividend of $0.45 which represents an annual dividend yield of 2.23%. See more information on Mccormick & Company Inc. dividends here
What is Mccormick & Company Inc.’s EPS estimate?
Mccormick & Company Inc.’s EPS estimate is $0.77.
How many shares outstanding does Mccormick & Company Inc. have?
Mccormick & Company Inc. has 252,191,470 shares outstanding.
What happened to Mccormick & Company Inc.’s price movement after its last earnings report?
Mccormick & Company Inc. reported an EPS of $0.83 in its last earnings report, beating expectations of $0.673. Following the earnings report the stock price went up 2.174%.
Which hedge fund is a major shareholder of Mccormick & Company Inc.?
Among the largest hedge funds holding Mccormick & Company Inc.’s share is Alecta Pensionsforsakring, Omsesidigt. It holds Mccormick & Company Inc.’s shares valued at 111M.
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McCormick & Company Stock Smart Score
Unlock Smart Score
1
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5
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8
9
10
Analyst Consensus
Hold
Average Price Target:
$85.20 (9.30% Upside)
$85.20 (9.30% Upside)
Blogger Sentiment
Bullish
MKC Sentiment 83%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 76.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 0.6%
Last 30 Days ▼ 0.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.23%
12-Months-Change
Fundamentals
Return on Equity
15.14%
Trailing 12-Months
Asset Growth
1.65%
Trailing 12-Months
Company Description
Mccormick & Company Inc.
Founded in 1889, McCormick & Co., Inc. is a Maryland-based food company, which is engaged 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 following two segments: Consumer and Flavor Solutions.
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MKC Company Deck
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MKC Earnings Call
Q3 2024
0:00 / 0:00
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MKC Net sales Breakdown
57.15% Consumer
42.85% Flavor Solutions
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MKC Stock 12 Month Forecast
Average Price Target
$85.20
▲(9.30% Upside)
Technical Analysis
Best Analysts Covering MKC
1 Year
1 Year Success Rate
8/17 ratings generated profit
1 Year Average Return
-1.14%
reiterated a sell rating last month
Copying Kenneth Goldman's trades and holding each position for 1 Year would result in 47.06% of your transactions generating a profit, with an average return of -1.14% per trade.
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