McCormick & Company, Incorporated – Consensus ‘hold’ rating and 19.1% Upside Potential

Broker Ratings
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McCormick & Company, Incorporated which can be found using ticker (MKC) now have 13 analysts in total covering the stock. The consensus rating is pointing to ‘hold’. The target price High/Low ranges between $97.00 and $59.00 calculating the mean target price we have $76.54. Given that the stocks previous close was at $64.28 this would imply there is now a potential upside of 19.1%. The 50 day moving average now sits at $65.95 while the 200 day moving average is $79.46. The market cap for the company is 17.39B. The current share price for the company is: $64.83 USD

The potential market cap would be $20,706,914,830 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 27.01, revenue per share of $24.61 and a 4.82% return on assets.

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the entire food industry retailers, food manufacturers and foodservice businesses. The Company operates through two business segments: Consumer and Flavor Solutions. In the Consumer segment, it sells its products under the McCormick brand and a variety of brands around the world, including French’s, Frank’s RedHot, Lawry’s Cholula Hot Sauce and Club House, as well as brands, such as Gourmet Garden, OLD BAY, Zatarain’s, Stubb’s, Thai Kitchen, Simply Asia, Ducros, Schwartz, Kamis, DaQiao and La Drogheria. In the Flavor Solutions segment, the Company provides a range of products to multinational food manufacturers and food service customers. Its sales, distribution and production facilities are located in North America, Europe and China, and additional facilities are based in Australia, Central America, Thailand and South Africa.

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