McCormick & Company Non-VotingMKC
Market Cap: $22.3B
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 end 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 global, 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 Q2 SEC filings by fund managers ($100M+ AUM)
12% more call options, than puts
Call options by funds: $105M | Put options by funds: $93.7M
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
1% less funds holding
Funds holding: 927 [Q1] → 920 (-7) [Q2]
7% less first-time investments, than exits
New positions opened: 88 | Existing positions closed: 95
1.47% less ownership
Funds ownership: 86.65% [Q1] → 85.18% (-1.47%) [Q2]
9% less capital invested
Capital invested by funds: $16.7B [Q1] → $15.2B (-$1.52B) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 321 | Existing positions reduced: 362
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
TD Cowen Robert Moskow 75% 1-year accuracy 21 / 28 met price target | 12%downside $73 | Hold Maintained | 24 Jun 2024 |
Citigroup Thomas Palmer 31% 1-year accuracy 8 / 26 met price target | 17%downside $69 | Neutral Upgraded | 12 Jun 2024 |
Financial journalist opinion
Based on 10 articles about MKC published over the past 30 days