McCormick & Company Non-Voting (MKC)

• Market cap: $19.9B
• 1 day: -1.27%
• 5 days: -4.30%
• 1 month: -9.23%
• 3 months: -3.74%
• 6 months: -0.88%
• Year to date: 6.37%
• 1 year: 12.30%
• 5 years: -8.89%
• 10 years: 104.00%
• Sector: Consumer Staples
• Industry: Miscellaneous Food Preparations & Kindred Products

About: In its 135-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is extensive, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula, among others.

Employees: 13,800

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

63% more first-time investments, than exits

New positions opened: 127 | Existing positions closed: 78

13% more capital invested

Capital invested by funds: $15.4B [Q2] → $17.4B (+$2B) [Q3]

5% more funds holding

Funds holding: 928 [Q2] → 977 (+49) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

3% less repeat investments, than reductions

Existing positions increased: 340 | Existing positions reduced: 350

2.31% less ownership

Funds ownership: 86.46% [Q2] → 84.15% (-2.31%) [Q3]

34% less call options, than puts

Call options by funds: $98.6M | Put options by funds: $149M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $85 15% upside
• Avg. target: $91 22% upside
• High target: $96 30% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

TD Cowen Robert Moskow 42% 1-year accuracy 10 / 24 met price target	16% upside $86	Hold Maintained	2 Oct 2024
Stifel Matthew Smith 56% 1-year accuracy 19 / 34 met price target	15% upside $85	Hold Maintained	2 Oct 2024
B of A Securities Peter Galbo 40% 1-year accuracy 4 / 10 met price target	30% upside $96	Buy Maintained	2 Oct 2024
B of A Securities Peter Galbo 40% 1-year accuracy 4 / 10 met price target	28% upside $95	Buy Maintained	17 Sept 2024