McCormick & Company, Incorporat with ticker code (MKC) have now 12 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 90 and 63 calculating the average target price we see $77.02. Given that the stocks previous close was at $71.84 this would indicate that there is a potential upside of 7.2%. The 50 day moving average now sits at $76.38 while the 200 day moving average is $81.35. The market cap for the company is $19,560m. You can visit the company’s website by visiting: https://www.mccormickcorporation.com
The potential market cap would be $20,970m 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 2.16% with the ex dividend date set at 29-12-2022 (DMY).
Other points of data to note are a P/E ratio of 29.05, revenue per share of 23.68 and a 4.45% return on assets.
