On that date, Mike Smith will continue with the company as Executive Vice President until his retirement on February 28, 2025. Smith has served as Executive Vice President and CFO since 2016.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/12/2024 | $68.00 → $69.00 | Sell → Neutral | Citigroup |
| 4/2/2024 | Hold → Buy | Argus | |
| 2/1/2024 | $60.00 | Sell | Citigroup |
| 1/22/2024 | Overweight → Equal Weight | Consumer Edge Research | |
| 9/22/2023 | $86.00 | Hold | HSBC Securities |
| 9/13/2023 | $87.00 | Market Perform | TD Cowen |
| 6/6/2023 | $75.00 → $100.00 | Underperform → Buy | BofA Securities |
| 4/14/2023 | $82.00 | Hold | Stifel |
HUNT VALLEY, Md., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared an increase in the quarterly dividend from $0.42 to $0.45 per share on its common stocks, payable January 13, 2025 to shareholders of record December 30, 2024. This marks the Company's 101st year of continuous dividend payments and the 39th consecutive year it has increased its quarterly dividend. Brendan M. Foley, President & CEO, said "McCormick is a growth company. We are committed to advancing our leadership and our differentiation and creating long-term shareholder value. We are proud to be recognized as a Dividend Aristocrat and I am honored to announce
The Company Reaffirmed its 2024 Guidance and Provided Expectations for 2028 HUNT VALLEY, Md., Oct. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, yesterday held an Investor Day at the company's Global Headquarters in Hunt Valley, Maryland. Brendan M. Foley, President and CEO, along with members of McCormick's leadership team shared plans to drive sustainable growth by leveraging its competitive advantages and successfully executing on its proven strategies. Investor Day Financial Highlights McCormick reaffirmed all components of its 2024 Outlook which was previously announced on October 1, 2024 during its earnings call. The Company antici
HUNT VALLEY, Md., Oct. 1, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2024 and reaffirmed fiscal 2024 outlook for sales and operating profit. Sales in the third quarter were comparable to the year-ago period, reflecting volume growth of 1%, partially offset by price. Operating income was $287 million in the third quarter compared to $245 million in the year-ago period. Adjusted operating income was $288 million compared to $251 million in the year-ago period. Earnings per share was $0.83 in the third quarter as compared to $0.63 in the year-ago period. Adjusted earnings
8-K - MCCORMICK & CO INC (0000063754) (Filer)
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Wall Street experienced a subdued trading day on Thursday, as traders likely chose to remain on the sidelines in anticipation of Friday’s release of the Federal Reserve’s preferred inflation gauge. In regulatory news, U.S. banks successfully passed the Federal Reserve’s 2024 stress tests. The results demonstrated that all analyzed institutions could maintain minimum capital requirements even in the face of a severe economic shock. Notably, regional banks, as tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE), performed relatively better overall compared to their larger counterparts. As of midday trading in New York, major indices showed marginal gains, with small caps outperformi
Shares of McCormick & Co Inc (NYSE:MKC) are trading higher after the company reported better-than-expected second-quarter FY24 earnings. The company reported a second-quarter FY24 sales decline of 1% year-on-year to $1.643 billion, beating the analyst consensus estimate of $1.637 billion. Flavor Solutions segment sales declined by 1%, reflecting a 1% increase from pricing offset by a 2% decline in volume and product mix as well as the strategic decision to divest its canning business. Consumer segment sales decreased 1%, with minimal currency impact, reflecting a 1% decrease from pricing partially offset by modest volume growth. Gross profit was $619.6 million, with the margin ex
The two-day rally the broader market witnessed could stall, as traders choose to remain cautious ahead of a string of economic catalysts. The negative reaction to Micron Technology, Inc.‘s (NASDAQ:MU) earnings could generate weakness in the tech space. AI stalwart Nvidia Corp.’s (NASDAQ:NVDA) two-day rally is cooling off following its annual shareholder meeting. Bond yields have ticked up, with the 10-year-old Treasury yield holding above the 4.3% mark. Traders may bide their time amid the fluid situation in a bid to see off late Thursday’s presidential debate and Federal Reserve’s preferred inflation gauge due on Friday. FuturesPerformance (+/-)Nasdaq 100-0.12%S&P 500-0.11%Dow-0.16%R2
HUNT VALLEY, Md., May 21, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today announced that Valarie Sheppard, retired Executive Vice President, Controller and Treasurer of the Procter & Gamble Company (P&G) has been appointed to the Board of Directors of McCormick effective June 1, 2024. Ms. Sheppard brings over 35 years of experience in finance and accounting following a stellar career with P&G. Her expertise includes capital deployment and asset management, business process reengineering, acquisitions and divestures, external
HUNT VALLEY, Md., Jan. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that Terry Thomas, Chief Growth Officer of Flowers Foods, Inc. has been appointed to the Board of Directors of McCormick effective January 23, 2024. Mr. Thomas has more than 30 years of domestic and global experience in the CPG industry, spanning across all channels and numerous categories. He brings a deep understanding of the retail landscape with expertise in sales and all key commercial functions. Mr. Thomas is Chief Growth Officer for F
Verification Reinforces McCormick's Commitment to Achieving a Sustainable Future Through Energy Efficiency, Sustainable Agriculture, and Value Chain Engagement HUNT VALLEY, Md., Dec. 11, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, is one of several companies leading the journey to net-zero as it announced today that the Science Based Targets initiative (SBTi) has approved its net-zero science-based target by 2050. "We are proud to have SBTi approve our 2050 net-zero target, but we also realize this is only the first step in a long journey. We have always operated with the mindset that creating a sustainable future is paramount to our continu
HUNT VALLEY, Md., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared an increase in the quarterly dividend from $0.42 to $0.45 per share on its common stocks, payable January 13, 2025 to shareholders of record December 30, 2024. This marks the Company's 101st year of continuous dividend payments and the 39th consecutive year it has increased its quarterly dividend. Brendan M. Foley, President & CEO, said "McCormick is a growth company. We are committed to advancing our leadership and our differentiation and creating long-term shareholder value. We are proud to be recognized as a Dividend Aristocrat and I am honored to announce
The Company Reaffirmed its 2024 Guidance and Provided Expectations for 2028 HUNT VALLEY, Md., Oct. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, yesterday held an Investor Day at the company's Global Headquarters in Hunt Valley, Maryland. Brendan M. Foley, President and CEO, along with members of McCormick's leadership team shared plans to drive sustainable growth by leveraging its competitive advantages and successfully executing on its proven strategies. Investor Day Financial Highlights McCormick reaffirmed all components of its 2024 Outlook which was previously announced on October 1, 2024 during its earnings call. The Company antici
HUNT VALLEY, Md., Oct. 17, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, will host an Investor Day on Tuesday, October 22, 2024, at McCormick's Global Headquarters in Hunt Valley, Maryland. Brendan Foley, President and CEO, along with members of McCormick's leadership team will discuss the Company's long-term strategy and financial outlook. Attendance in person is by invitation only. Presentations are expected to begin at 8:30 a.m. ET and conclude by 11:30 a.m. ET. The event will be webcast and can be accessed on the Company's Investor Relations website at ir.mccormick.com. A replay of the webcast and presentation materials will be available o
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Citigroup upgraded McCormick from Sell to Neutral and set a new price target of $69.00 from $68.00 previously
Argus upgraded McCormick from Hold to Buy
Citigroup initiated coverage of McCormick with a rating of Sell and set a new price target of $60.00