McCormick & Company, Incorporat which can be found using ticker (MKC) have now 12 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 90 and 63 calculating the average target price we see $76.35. Given that the stocks previous close was at $72.79 this indicates there is a potential upside of 4.9%. It’s also worth noting that there is a 50 day moving average of $75.19 and the 200 day MA is $80.88. The company has a market cap of $19,337m. You can visit the company’s website by visiting: https://www.mccormickcorporation.com
The potential market cap would be $20,283m 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 2.13% with the ex dividend date set at 29-12-2022 (DMY).
Other points of data to note are a P/E ratio of 29.08, revenue per share of 23.68 and a 4.45% return on assets.
