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., Aug. 29, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its third quarter 2024 financial results on Tuesday, October 1, 2024, at 8:00 a.m. Eastern Time. Brendan Foley, President & CEO; Mike Smith, Executive Vice President & CFO; Marcos Gabriel, Senior Vice President Global Finance & Capital Markets and Incoming CFO; and Faten Freiha, Vice President of Investor Relations will be hosting the call. A live audio webcast of the call along with the accompanying presentation materials will be available on the McCormick website ir.mccormick.com. If you are unable to attend the
HUNT VALLEY, Md., Aug. 15, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, will be participating in the Barclays Global Consumer Staples Conference at 1:30 p.m. ET, on Tuesday September 3, 2024. Representing McCormick will be Brendan Foley, President & CEO; Mike Smith, Executive Vice President & CFO; and Marcos Gabriel, Senior Vice President Global Finance & Capital Markets and Incoming CFO. A live audio webcast of the session will be available via the McCormick website ir.mccormick.com. A replay will be available following the event through the same website. About McCormick McCormick & Company, Incorporated is a global leader in flavor. With o
HUNT VALLEY, Md., June 27, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2024 and reaffirmed fiscal 2024 outlook. Sales declined 1% in the second quarter from the year-ago period. In constant currency, sales also declined 1%. These comparisons reflect volume growth in Consumer, offset by volume declines in Flavor Solutions.Operating income was $234 million in the second quarter compared to $222 million in the year-ago period. Adjusted operating income was $236 million compared to $235 million in the year-ago period. Earnings per share was $0.68 in the second quarter as compa
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
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10-Q - MCCORMICK & CO INC (0000063754) (Filer)
8-K - MCCORMICK & CO INC (0000063754) (Filer)
8-K - MCCORMICK & CO INC (0000063754) (Filer)
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., Aug. 29, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its third quarter 2024 financial results on Tuesday, October 1, 2024, at 8:00 a.m. Eastern Time. Brendan Foley, President & CEO; Mike Smith, Executive Vice President & CFO; Marcos Gabriel, Senior Vice President Global Finance & Capital Markets and Incoming CFO; and Faten Freiha, Vice President of Investor Relations will be hosting the call. A live audio webcast of the call along with the accompanying presentation materials will be available on the McCormick website ir.mccormick.com. If you are unable to attend the
HUNT VALLEY, Md., June 27, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2024 and reaffirmed fiscal 2024 outlook. Sales declined 1% in the second quarter from the year-ago period. In constant currency, sales also declined 1%. These comparisons reflect volume growth in Consumer, offset by volume declines in Flavor Solutions.Operating income was $234 million in the second quarter compared to $222 million in the year-ago period. Adjusted operating income was $236 million compared to $235 million in the year-ago period. Earnings per share was $0.68 in the second quarter as compa
HUNT VALLEY, Md., June 25, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable July 22, 2024 to shareholders of record July 8, 2024. This is the 100th year of consecutive dividend payments by the Company. About McCormick McCormick & Company, Incorporated is a global leader in flavor. With over $6.5 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and foodservice businesses. Our most popular bra
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