McCormick & Company Non-Voting
About: McCormick & Co Inc 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: 14,100
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
19% more call options, than puts
Call options by funds: $70.3M | Put options by funds: $59.3M
18% more first-time investments, than exits
New positions opened: 111 | Existing positions closed: 94
1.11% more ownership
Funds ownership: 84.77% [Q3] → 85.88% (+1.11%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]
3% less capital invested
Capital invested by funds: $17.6B [Q3] → $17B (-$583M) [Q4]
7% less repeat investments, than reductions
Existing positions increased: 341 | Existing positions reduced: 365
2% less funds holding
Funds holding: 996 [Q3] → 973 (-23) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$69
14%
downside
Avg. target
$83
4%
upside
High target
$91
14%
upside
4 analyst ratings
2 positive
50%
1 neutral
25%
1 negative
25%
Barclays Andrew Lazar 35% 1-year accuracy 7 / 20 met price target | 2%upside $82 | Equal-Weight Maintained | 27 Jan 2025 |
JP Morgan Ken Goldman 45% 1-year accuracy 5 / 11 met price target | 14%downside $69 | Underweight Maintained | 24 Jan 2025 |
TD Cowen Robert Moskow 43% 1-year accuracy 26 / 60 met price target | 12%upside $90 | Buy Upgraded | 8 Jan 2025 |
Jefferies Rob Dickerson 57% 1-year accuracy 4 / 7 met price target | 14%upside $91 | Buy Upgraded | 9 Dec 2024 |
Financial journalist opinion
Based on 14 articles about MKC published over the past 30 days
Neutral
GlobeNewsWire
2 weeks ago
Holladay Distillery breaks ground on ironclad rickhouse in latest growth spurt
Popular Weston-based bourbon distillery responds to increased demand by expanding its production operations Popular Weston-based bourbon distillery responds to increased demand by expanding its production operations
Neutral
Business Wire
2 weeks ago
Meketa Welcomes Chris Rosato and Christian McCormick to Key Leadership Positions Supporting Private Market Solutions for the Wealth Management Marketplace
BOSTON--(BUSINESS WIRE)--Meketa Investment Group (“Meketa”) and its subsidiary Meketa Capital LLC (“Meketa Capital”) are pleased to announce two new hires who will strengthen Meketa Capital's efforts to develop private markets investment solutions for the wealth management marketplace while educating financial intermediaries and their clients on the role these investments can play in a diversified strategy. Chris Rosato has joined Meketa Capital as Head of Strategic Investment Development, wher.
Neutral
Seeking Alpha
3 weeks ago
My Best Dividend Aristocrats For February 2025
The ProShares S&P 500 Dividend Aristocrat ETF posted its 3rd worst monthly return in December, falling by 7.69%. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 42 months of tracking these strategies, two strategies are generating a CAGR superior to NOBL.
Neutral
PRNewsWire
3 weeks ago
McCormick & Company to Present at Consumer Analyst Group of New York Conference
HUNT VALLEY, Md. , Jan. 28, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be presenting at the Consumer Analyst Group of New York (CAGNY) Conference at 4:00 p.m.
Positive
Seeking Alpha
4 weeks ago
McCormick: Visible Neat-Term Headwinds Prevent Me From Upgrading To Buy
Despite promising volume growth and a recovering gross margin, I maintain a hold rating on McCormick & Co. due to limited overall revenue growth and other headwinds. 4Q24 results showed net sales of $1.8 billion, driven by volume gains, but adjusted EPS declined due to higher tax rates and operating expenses. Geographic pressures in Asia Pacific and flat volumes in the Flavor Solutions segment remain significant headwinds, limiting near-term revenue upside.
Neutral
Seeking Alpha
4 weeks ago
McCormick & Company, Incorporated (MKC) Q4 2024 Earnings Call Transcript
McCormick & Company, Incorporated (NYSE:MKC ) Q4 2024 Earnings Conference Call January 23, 2025 8:00 AM ET Company Participants Faten Freiha - Vice President, Investor Relations Brendan Foley - Chairman, President and Chief Executive Officer Marcos Gabriel - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Peter Galbo - Bank of America Alexia Howard - Bernstein Robert Moskow - TD Cowen Robert Dickerson - Jefferies Kenneth Goldman - JPMorgan Max Gumport - BNP Paribas Stephen Powers - Deutsche Bank Thomas Palmer - Citi Faten Freiha Good morning. This is Faten Freiha, VP of Investor Relations.
Positive
Seeking Alpha
4 weeks ago
Not Backing Away From McCormick
McCormick & Company, Incorporated's Q4 sales rose 2.7%, driven by strong consumer and commercial demand, despite mixed regional performance and a challenging Asia-Pacific market. Gross profit margin expanded, but adjusted operating income fell 1.1%, with EPS down 5.9% year-over-year, reflecting stalled growth. For 2025, McCormick projects minimal sales growth and modest EPS growth of 2-4%, but remains attractive for long-term dividend growth.
Positive
The Motley Fool
4 weeks ago
McCormick EPS Beats Q4 Estimates
McCormick (MKC 1.71%), a global leader in flavor, released its earnings results for its fiscal 2024's fourth quarter, which ended Nov. 30. The company showed encouraging performance by achieving adjusted earnings per share (EPS) of $0.80, beating analysts' expectations of $0.77.
Neutral
Zacks Investment Research
4 weeks ago
McCormick (MKC) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for McCormick (MKC) give a sense of how the business performed in the quarter ended November 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
4 weeks ago
McCormick Q4 Earnings & Sales Beat Estimates, Organic Sales Grow
MKC's Q4 results reflect gains from organic sales growth and savings from the Comprehensive Continuous Improvement.
Charts implemented using Lightweight Charts™