MKC stock icon

McCormick & Company Non-Voting
MKC

$68.68
0.79%
 

About: In its more than 130-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 170 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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 8 analysts
0
News positive %
of 7 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

Research analyst outlook

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

Low target
$57
17%
downside
Avg. target
$71
3%
upside
High target
$88
28%
upside

8 analyst ratings

positive
13%
neutral
50%
negative
38%
Citigroup
Thomas Palmer
0%upside
$69
Neutral
Upgraded
12 Jun 2024
Argus Research
John Staszak
28%upside
$88
Buy
Upgraded
2 Apr 2024
Barclays
Andrew Lazar
11%upside
$76
Equal-Weight
Maintained
28 Mar 2024
Stifel
Matthew Smith
9%upside
$75
Hold
Maintained
27 Mar 2024
Citigroup
Thomas Palmer
1%downside
$68
Sell
Maintained
27 Mar 2024

Financial journalist opinion

Based on 7 articles about MKC published over the past 30 days