McCormick & Companyorporat with ticker code (MKC) have now 12 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 100 and 76 and has a mean target at 88.96. Now with the previous closing price of 97.55 this now indicates there is a potential downside of -8.8%. The 50 day MA is 97.66 and the 200 day moving average is 88.69. The company has a market cap of $26,283m. Company Website: https://www.mccormickcorporation.com
The potential market cap would be $23,968m based on the market concensus.
McCormick & Companyorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers rice, spices, herbs, and seasonings, as well as desserts. This segment markets its products under the McCormick, French, Frank’s RedHot, Lawry’s Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; McCormick, Aeroplane, and Gourmet Garden brand names in Australia; and Kohinoor brand in India, 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 or wholesalers. 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. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.
