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McCormick & Company Inc (MKC)
:MKC
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MKC Stock Chart & Stats
Day’s Range― - ―
52-Week Range$64.07 - $85.49
Previous CloseN/A
Volume271.22K
Average Volume (3M)1.82M
Market Cap
$19.75B
Enterprise Value$26.00B
Total Cash (Recent Filing)$118.40M
Total Debt (Recent Filing)$1.05B
Price to Earnings (P/E)25.0
Beta0.26
Next Earnings
Jan 23, 2025EPS Estimate
0.77Last Dividend Ex-Date
Dec 30, 2024Dividend Yield2.32%
Share Statistics
EPS (TTM)2.94
Shares Outstanding252,191,470
10 Day Avg. Volume1,937,841
30 Day Avg. Volume1,823,577
Standard Deviation0.07
R-Squared0.35
Alpha-0.00666
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.96
Price to Cash Flow (P/CF)30.50
P/FCF Ratio32.70
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue3.93
Enterprise Value/Gross Profit10.39
Enterprise Value/Ebitda19.97
Forecast
1Y Price Target
$86.38Price Target Upside17.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
McCormick & Company News
PremiumCompany Announcements
McCormick & Company Announces Leadership TransitionBulls Say, Bears Say
Bulls Say
Portfolio PositioningMKC’s meal-related portfolio positioning provides a more favorable backdrop, advantaged core category growth potential, and increased defensibility compared to other large-cap branded food manufacturers.
ValuationCurrent P/E valuation is in-line with its 5-year historical average relative to U.S. food despite advantages, while trading at a 22% discount to the S&P 500 versus its 5-year average.
Volume Growth14 of MKC's top 20 U.S. categories have seen year-over-year volume growth outperform total food in the last 6 months, including seasonings, herbs & spices, and hot sauce.
Bears Say
Future Growth DelaysReturning to the long-term growth algorithm is expected to be delayed, impacting future financial performance.
Growth ChallengesAchieving a growth from 1% to 4% seems challenging, particularly with weak performance in China and decreasing pricing power.
Pricing StrategyThere is a need for better management of price gaps in certain categories compared to private label and lower-priced brands.
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Ownership Overview
0.32% Insiders
21.86% Mutual Funds
0.79% Other Institutional Investors
49.56% 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 $64.07 and its highest was $85.49 in the past 12 months.
What is McCormick & Company Inc’s market cap?
McCormick & Company Inc’s market cap is $19.75B.
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 2 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 $1.706 which represents an annual dividend yield of 2.32%. 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 2.175%.
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
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Analyst Consensus
Moderate Buy
Average Price Target:
$86.38 (17.83% Upside)
$86.38 (17.83% Upside)
Blogger Sentiment
Bullish
MKC Sentiment 70%
Sector Average 64%
Sector Average 64%
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
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
15.31%
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
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment with strong improvements in volume growth, gross margin expansion, and earnings per share. However, the company faces challenges in the Chinese market and weaker QSR traffic impacting certain segments. Despite these challenges, the company is confident in meeting the high end of its sales growth guidance for the year.Read More>---
MKC Net sales Breakdown
57.15% Consumer
42.85% Flavor Solutions
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MKC Stock 12 Month Forecast
Average Price Target
$86.38
▲(17.83% Upside)
Technical Analysis
JM Smucker
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Hormel Foods
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The Hershey Company
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Kellanova
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General Mills
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Conagra Brands
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Best Analysts Covering MKC
1 Year
1 Year Success Rate
9/12 ratings generated profit
1 Year Average Return
+14.06%
upgraded a buy rating 14 days ago
Copying Robert Moskow's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +14.06% per trade.
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