McCormick & Company Non-Voting
MKC

$75.79

1.36%

Market Cap: 20.4B

About: In its 135-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula, among others.

Employees: 13,800

Consumer Staples Miscellaneous Food Preparations & Kindred Products

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 7 analysts

0

News positive %

of 17 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

35% more call options, than puts

Call options by funds: $105M | Put options by funds: $78.2M

12% more capital invested

Capital invested by funds: $14.7B [Q4 2023] → $16.5B (+$1.79B) [Q1 2024]

2% more repeat investments, than reductions

Existing positions increased: 337 | Existing positions reduced: 332

0% more funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 3 (+0) [Q1 2024]

0.07% less ownership

Funds ownership: 85.5% [Q4 2023] → 85.43% (-0.07%) [Q1 2024]

2% less funds holding

Funds holding: 927 [Q4 2023] → 910 (-17) [Q1 2024]

15% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 113

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$60

21%

downside

Avg. target

$73

4%

downside

High target

$88

16%

upside

7 analyst ratings

1 positive

14%

4 neutral

57%

2 negative

29%

TD Cowen Robert Moskow	4%downside $73	Hold Maintained	24 Jun 2024
Citigroup Thomas Palmer	9%downside $69	Neutral Upgraded	12 Jun 2024
Argus Research John Staszak	16%upside $88	Buy Upgraded	2 Apr 2024
Barclays Andrew Lazar	0%upside $76	Equal-Weight Maintained	28 Mar 2024
Stifel Matthew Smith	1%downside $75	Hold Maintained	27 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 17 articles about MKC published over the past 30 days

Zacks Investment Research

McCormick (MKC) Benefits From Brand Strength & Cost Savings

With a global portfolio aligned with consumer trends and innovative product platforms, McCormick's (MKC) focus on growth areas and efficiency bolsters its market presence.

McCormick: Nearly a Century of Dividend Payments With Promising Upside

A lot of investors are searching for Dividend Aristocrats, which are recognized for paying consistently increasing dividends. These companies are well known for their ability to provide shareholders with predictable, rising dividends and potential long-term capital appreciation.

McCormick: Nearly a Century of Dividend Payments With Promising Upside

CNBC Television

We shouldn't resort to dehumanizing rhetoric, says GOP Senate candidate Dave McCormick

Dave McCormick, Republican Pennsylvania senate candidate, joins 'Squawk Box' to discuss his thoughts on the assassination attempt of former President Trump, state of the 2024 presidential election, and more.

We shouldn't resort to dehumanizing rhetoric, says GOP Senate candidate Dave McCormick

McCormick Stock Q2: EPS Beat on Rising Margins, Falling Sales

McCormick & Company NYSE: MKC is in the consumer staples sector and is the 8th largest US food products company by market capitalization. The firm reported Q2 2024 earnings on Jun. 27, 2024.

McCormick Stock Q2: EPS Beat on Rising Margins, Falling Sales

McCormick: Spice Up Your Diversification As The Company Returns To Growth

McCormick & Company, Inc. shares hit bottom in 2023 and have since seen a slight run-up, still lagging the market. Q2 sales declined 1.2%, driven by pricing power, with consumer sales down 1% overall. Operating income and EPS increased in Q2, with a positive outlook for future earnings growth and potential global expansion.

McCormick: Spice Up Your Diversification As The Company Returns To Growth

My Best Dividend Aristocrats For July 2024

The ProShares S&P 500 Dividend Aristocrats ETF continues its positive run in 2024, posting a gain of 1.45% in May. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 35 months of tracking these strategies, two strategies are outperforming NOBL, while 1 remain relatively close.

My Best Dividend Aristocrats For July 2024

You've Been Warned! 3 S&P 500 Stocks to Buy Now or Regret Forever.

It's been an interesting year for the stock market. The major indices keep plowing to new all-time highs.

You've Been Warned! 3 S&P 500 Stocks to Buy Now or Regret Forever.

CNBC Television

McCormick CEO Brendan Foley on Q2 earnings beat and rising prices

Brendan Foley, McCormick CEO, joins 'Power Lunch' to discuss the company's rise in shares, spice commodities and the state of the consumer.

McCormick CEO Brendan Foley on Q2 earnings beat and rising prices

Spice Seller McCormick Rallies on Earnings Beat

Shares of McCormick & Company (MKC) climbed more than 4% in intraday trading Thursday after the spice maker's second-quarter results topped analysts' expectations.

Spice Seller McCormick Rallies on Earnings Beat

The Motley Fool

Why McCormick Stock Jumped Today

The flavorings company beat analyst expectations on both the top and bottom lines in the second quarter of 2024. Earnings per share in particular surprised the market, beating estimates by 17%.

Why McCormick Stock Jumped Today

See News Rankings