McCormick & Company, Incorporat with ticker code (MKC) have now 12 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 97 and 64 suggesting an average Analsyt target price of $79.52. Given that the stocks previous close was at $85.84 this would imply there is a potential downside of -7.4%. It’s also worth noting that there is a 50 day moving average of $78.18 while the 200 day moving average is $80.64. The market cap for the company is $22,778m. Find out more information at: https://www.mccormickcorporation.com
The potential market cap would be $21,101m based on the market consensus.
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French’s, Frank’s RedHot, Lawry’s, Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain’s, Stubb’s, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. McCormick & Company, Incorporated was founded in 1889 and is headquartered in Hunt Valley, Maryland.
The company has a dividend yield of 1.84% with the ex dividend date set at 6-4-2023 (DMY).
Other points of data to note are a P/E ratio of 34.4, revenue per share of 23.83 and a 4.43% return on assets.
