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Mccormick & Company Inc. (MKC)
NYSE:MKC
McCormick & Company (MKC) Stock Price & Analysis
1,327 Followers
MKC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$58.10 - $88.34
Previous Close$73.59
Volume1.62M
Average Volume (3M)1.92M
Market Cap
$19.77B
Enterprise Value$24.09B
Total Cash (Recent Filing)$166.30M
Total Debt (Recent Filing)$4.46B
Price to Earnings (P/E)26.8
Beta0.52
Next Earnings
Oct 01, 2024EPS Estimate
$0.67Last Dividend Ex-Date
Jul 08, 2024Dividend Yield2.2%
Share Statistics
EPS (TTM)2.74
Shares Outstanding268,412,705
10 Day Avg. Volume1,732,022
30 Day Avg. Volume1,918,801
Standard Deviation0.07
R-Squared0.34
Alpha-0.00682
Financial Highlights & Ratios
Price to Book (P/B)-5.47
Price to Sales (P/S)9.86
Price to Cash Flow (P/CF)33.30
P/FCF Ratio38.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.66
Enterprise Value/Gross Profit9.63
Enterprise Value/Ebitda26.32
Forecast
1Y Price Target
$76.70Price Target Upside4.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
McCormick & Company News
PremiumThe Fly
McCormick rises 5.8%
Bulls Say, Bears Say
Bulls Say
EarningsMcCormick & Co reported 2Q24 adjusted EPS of $0.69, above expectations.
Financial PerformanceMKC posted flat year-over-year volume in its Consumer Americas segment, a substantial improvement from previous quarters.
Market PositionMKC saw unit market share gains in its core US spices and seasonings business, suggesting trends are moving in the right direction.
Bears Say
Price TargetThere is a reduction in the price target from $75.00 to $73.00.
Sales RiskThere is sales risk in the Flavor Solutions segment due to weaker demand from key customers/channels.
ValuationIt is tough to be overly constructive on the shares when MKC’s valuation multiples are so lofty relative to other food stocks.
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Ownership Overview
0.82% Insiders
25.04% Mutual Funds
27.79% Other Institutional Investors
46.35% 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 $58.10 and its highest was $88.34 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 Oct 01, 2024 which is in 71 days.
How were Mccormick & Company Inc.’s earnings last quarter?
Mccormick & Company Inc. released its earnings results on Jun 27, 2024. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.586 by $0.104.
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 $0.42 which represents an annual dividend yield of 2.2%. See more information on Mccormick & Company Inc. dividends here
What is Mccormick & Company Inc.’s EPS estimate?
Mccormick & Company Inc.’s EPS estimate is $0.67.
How many shares outstanding does Mccormick & Company Inc. have?
Mccormick & Company Inc. has 252,015,470 shares outstanding.
What happened to Mccormick & Company Inc.’s price movement after its last earnings report?
Mccormick & Company Inc. reported an EPS of $0.69 in its last earnings report, beating expectations of $0.586. Following the earnings report the stock price went up 4.326%.
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 104M.
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McCormick & Company Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$76.70 (4.23% Upside)
$76.70 (4.23% Upside)
Blogger Sentiment
Bullish
MKC Sentiment 77%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 29.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $8.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days <0.1%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-12.44%
12-Months-Change
Fundamentals
Return on Equity
14.41%
Trailing 12-Months
Asset Growth
0.62%
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
Q2 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
$76.70
▲(4.23% Upside)
Technical Analysis
Best Analysts Covering MKC
1 Year
1 Year Success Rate
10/15 ratings generated profit
1 Year Average Return
+3.85%
reiterated a buy rating last month
Copying Kenneth Goldman's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +3.85% per trade.
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