McCormick & Company (MKC) Stock Forecast, Price Target & Predictions
MKC Stock Forecast
McCormick & Company stock forecast is as follows: an average price target of $79.56 (represents a -1.30% downside from MKC’s last price of $80.61) and a rating consensus of 'Hold', based on 7 wall street analysts offering a 1-year stock forecast.
MKC Price Target
The average price target for McCormick & Company (MKC) is $79.56 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $93.00 to $69.00. This represents a potential -1.30% downside from MKC's last price of $80.61.
MKC Analyst Ratings
According to 7 Wall Street analysts, McCormick & Company's rating consensus is 'Hold'. The analyst rating breakdown for MKC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (28.57%), 4 'Hold' (57.14%), 1 'Sell' (14.29%), and 0 'Strong Sell' (0.00%).
McCormick & Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 02, 2024 | Matthew Smith | Stifel Nicolaus | $85.00 | $84.09 | 1.08% | 5.45% |
| Oct 01, 2024 | Adam Samuelson | Goldman Sachs | $69.00 | $84.09 | -17.95% | -14.40% |
| Oct 01, 2024 | Rob Dickerson | Jefferies | $86.00 | $84.09 | 2.27% | 6.69% |
| Oct 01, 2024 | Arun Sundaram | CFRA | $93.00 | $82.92 | 12.16% | 15.37% |
| Jun 28, 2024 | John Staszak | Argus Research | $80.00 | $70.60 | 13.31% | -0.76% |
| Jun 28, 2024 | Steve Powers | Deutsche Bank | $73.00 | $70.60 | 3.40% | -9.44% |
| Jun 12, 2024 | Thomas Palmer | Coker Palmer | $69.00 | $69.20 | -0.29% | -14.40% |
| Apr 02, 2024 | John Staszak | Argus Research | $88.00 | $76.62 | 14.85% | 9.17% |
| Mar 27, 2024 | Alejandro Zamacona | HSBC | $79.00 | $76.59 | 3.14% | -2.00% |
| Mar 27, 2024 | Matthew Smith | Stifel Nicolaus | $75.00 | $76.37 | -1.79% | -6.96% |
The latest McCormick & Company stock forecast, released on Oct 02, 2024 by Matthew Smith from Stifel Nicolaus, set a price target of $85.00, which represents a 1.08% increase from the stock price at the time of the forecast ($84.09), and a 5.45% increase from MKC last price ($80.61).
McCormick & Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 4 | 4 | 11 |
| Avg Price Target | $83.25 | $83.25 | $80.18 |
| Last Closing Price | $80.61 | $80.61 | $80.61 |
| Upside/Downside | 3.28% | 3.28% | -0.53% |
In the current month, the average price target of McCormick & Company stock is $83.25, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 3.28% increase as opposed to McCormick & Company's last price of $80.61. This month's average price target is down 0.00% compared to last quarter, and up 3.83% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 02, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Oct 01, 2024 | Goldman Sachs | Sell | Sell | Hold |
| Oct 01, 2024 | Jefferies | Hold | Hold | Hold |
| Jun 28, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jun 28, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jun 28, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Jun 24, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Jun 12, 2024 | Citigroup | - | Neutral | Upgrade |
| Mar 26, 2024 | CFRA | - | Buy | Upgrade |
| Jun 06, 2023 | Bank of America Securities | - | Buy | Upgrade |
McCormick & Company's last stock rating was published by Cowen & Co. on Oct 02, 2024. The company gave MKC a "Hold" rating, the same as its previous rate.
McCormick & Company Financial Forecast
McCormick & Company Revenue Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.68B | $1.66B | - | - | $1.60B | $1.54B | - | $1.73B | $1.55B | $1.56B | - | $1.56B | $1.43B | $1.40B | - | $1.48B | $1.33B |
| Avg Forecast | $1.89B | $1.79B | $1.74B | $1.68B | $1.83B | $1.74B | $1.69B | $1.64B | $1.77B | $1.67B | $1.63B | $1.55B | $1.79B | $1.70B | $1.67B | $1.54B | $1.77B | $1.69B | $1.61B | $1.47B | $1.71B | $1.54B | $1.47B | $1.38B | $1.56B | $1.40B | $1.38B | $1.23B | $1.52B | $1.34B |
| High Forecast | $1.91B | $1.81B | $1.75B | $1.70B | $1.84B | $1.75B | $1.71B | $1.65B | $1.78B | $1.68B | $1.64B | $1.56B | $1.81B | $1.71B | $1.68B | $1.56B | $1.78B | $2.02B | $1.93B | $1.50B | $1.76B | $1.58B | $1.50B | $1.41B | $1.60B | $1.43B | $1.41B | $1.26B | $1.55B | $1.38B |
| Low Forecast | $1.87B | $1.77B | $1.72B | $1.67B | $1.81B | $1.72B | $1.68B | $1.63B | $1.75B | $1.65B | $1.61B | $1.53B | $1.78B | $1.68B | $1.65B | $1.53B | $1.75B | $1.35B | $1.28B | $1.45B | $1.69B | $1.51B | $1.44B | $1.35B | $1.54B | $1.37B | $1.35B | $1.21B | $1.49B | $1.32B |
| # Analysts | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 5 | 7 | 3 | 4 | 3 | 6 | 3 | 3 | 4 | 2 | 15 | 7 | 2 | 3 | 3 | 9 | 8 | 9 | 9 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | - | - | 0.95% | 0.96% | - | 1.01% | 1.01% | 1.06% | - | 1.00% | 1.02% | 1.02% | - | 0.98% | 0.99% |
McCormick & Company's average Quarter revenue forecast for Dec 23 based on 6 analysts is $1.79B, with a low forecast of $1.78B, and a high forecast of $1.81B. MKC's average Quarter revenue forecast represents a 6.41% increase compared to the company's last Quarter revenue of $1.68B (Aug 23).
McCormick & Company EBITDA Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 5 | 7 | 3 | 4 | 3 | 6 | 3 | 3 | 4 | 2 | 15 | 7 | 2 | 3 | 3 | 9 | 8 | 9 | 9 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $245.00M | $221.80M | - | - | $316.40M | $229.30M | - | $335.10M | $325.00M | $308.50M | - | $331.70M | $328.90M | $310.30M | - | $359.10M | $309.00M |
| Avg Forecast | $380.36M | $360.60M | $349.80M | $338.57M | $367.43M | $349.11M | $340.85M | $329.56M | $356.77M | $335.51M | $327.72M | $323.10M | $360.68M | $341.39M | $335.59M | $293.72M | $350.18M | $323.22M | $281.45M | $267.02M | $318.35M | $293.84M | $284.40M | $235.69M | $339.89M | $326.74M | $227.37M | $239.77M | $359.10M | $268.28M |
| High Forecast | $383.89M | $363.94M | $353.05M | $341.71M | $370.84M | $352.35M | $344.01M | $331.58M | $358.78M | $338.63M | $330.76M | $387.72M | $364.73M | $344.56M | $338.70M | $352.47M | $420.22M | $387.86M | $337.74M | $320.43M | $382.01M | $352.60M | $341.28M | $282.83M | $407.87M | $392.08M | $272.85M | $287.72M | $430.92M | $321.93M |
| Low Forecast | $376.64M | $357.06M | $346.37M | $335.26M | $363.83M | $345.69M | $337.50M | $327.54M | $352.73M | $332.23M | $324.51M | $258.48M | $358.66M | $338.05M | $332.30M | $234.98M | $280.14M | $258.58M | $225.16M | $213.62M | $254.68M | $235.07M | $227.52M | $188.55M | $271.91M | $261.39M | $181.90M | $191.81M | $287.28M | $214.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | 0.66% | - | - | 0.98% | 0.81% | - | 1.05% | 1.11% | 1.08% | - | 0.98% | 1.01% | 1.36% | - | 1.00% | 1.15% |
6 analysts predict MKC's average Quarter EBITDA for Dec 23 to be $360.68M, with a high of $364.73M and a low of $358.66M. This is 47.22% upper than McCormick & Company's previous annual EBITDA (Aug 23) of $245.00M.
McCormick & Company Net Income Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 5 | 7 | 3 | 4 | 3 | 6 | 3 | 3 | 4 | 2 | 15 | 7 | 2 | 3 | 3 | 9 | 8 | 9 | 9 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $156.70M | $141.80M | - | - | $222.90M | $118.50M | - | $191.00M | $212.40M | $183.70M | - | $200.70M | $206.10M | $195.90M | - | $213.40M | $191.90M |
| Avg Forecast | $271.63M | $233.39M | $197.52M | $200.30M | $246.85M | $220.93M | $184.02M | $185.98M | $210.20M | $181.57M | $158.13M | $184.41M | $213.82M | $175.84M | $155.61M | $167.64M | $206.28M | $211.24M | $149.49M | $152.40M | $187.53M | $192.03M | $169.35M | $126.15M | $205.66M | $204.74M | $143.55M | $137.68M | $213.40M | $166.61M |
| High Forecast | $274.91M | $236.21M | $199.90M | $202.71M | $249.83M | $223.60M | $186.24M | $188.22M | $231.49M | $183.76M | $160.04M | $221.29M | $216.53M | $177.96M | $157.48M | $201.17M | $247.54M | $253.48M | $179.39M | $182.88M | $225.04M | $230.44M | $203.22M | $151.38M | $246.79M | $245.69M | $172.26M | $165.21M | $256.08M | $199.93M |
| Low Forecast | $268.17M | $230.42M | $195.00M | $197.75M | $243.71M | $218.12M | $181.68M | $183.28M | $199.56M | $179.25M | $156.12M | $147.52M | $211.11M | $173.60M | $153.62M | $134.11M | $165.03M | $168.99M | $119.59M | $121.92M | $150.02M | $153.63M | $135.48M | $100.92M | $164.52M | $163.80M | $114.84M | $110.14M | $170.72M | $133.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.91% | - | - | 1.06% | 0.79% | - | 1.02% | 1.11% | 1.08% | - | 0.98% | 1.01% | 1.36% | - | 1.00% | 1.15% |
McCormick & Company's average Quarter net income forecast for Dec 23 is $213.82M, with a range of $211.11M to $216.53M. MKC's average Quarter net income forecast represents a 36.45% increase compared to the company's last Quarter net income of $156.70M (Aug 23).
McCormick & Company SG&A Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 5 | 7 | 3 | 4 | 3 | 6 | 3 | 3 | 4 | 2 | 15 | 7 | 2 | 3 | 3 | 9 | 8 | 9 | 9 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $371.70M | $380.50M | - | - | $328.10M | $349.20M | - | $398.90M | $327.30M | $356.60M | - | $370.50M | $317.20M | $319.20M | - | $326.90M | $278.70M |
| Avg Forecast | $417.73M | $396.02M | $384.17M | $371.84M | $403.53M | $383.41M | $374.33M | $361.93M | $391.81M | $368.48M | $359.91M | $396.79M | $396.12M | $374.93M | $368.56M | $360.72M | $416.85M | $325.51M | $440.53M | $327.92M | $378.95M | $295.92M | $328.74M | $250.51M | $379.65M | $315.11M | $233.90M | $261.37M | $326.90M | $241.97M |
| High Forecast | $421.61M | $399.69M | $387.73M | $375.29M | $407.27M | $386.96M | $377.80M | $364.15M | $394.03M | $371.89M | $363.25M | $476.15M | $400.57M | $378.41M | $371.97M | $432.86M | $500.22M | $390.61M | $528.64M | $393.51M | $454.75M | $355.10M | $394.49M | $300.61M | $455.58M | $378.14M | $280.68M | $313.64M | $392.28M | $290.37M |
| Low Forecast | $413.64M | $392.14M | $380.40M | $368.19M | $399.58M | $379.65M | $370.66M | $359.71M | $387.39M | $364.86M | $356.39M | $317.43M | $393.89M | $371.26M | $364.94M | $288.57M | $333.48M | $260.41M | $352.42M | $262.34M | $303.16M | $236.73M | $262.99M | $200.40M | $303.72M | $252.09M | $187.12M | $209.09M | $261.52M | $193.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.03% | - | - | 1.01% | 0.79% | - | 1.05% | 1.11% | 1.08% | - | 0.98% | 1.01% | 1.36% | - | 1.00% | 1.15% |
McCormick & Company's average Quarter SG&A projection for Dec 23 is $396.12M, based on 6 Wall Street analysts, with a range of $393.89M to $400.57M. The forecast indicates a 6.57% rise compared to MKC last annual SG&A of $371.70M (Aug 23).
McCormick & Company EPS Forecast
| Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Mar 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 5 | 7 | 3 | 4 | 3 | 6 | 3 | 3 | 4 | 2 | 15 | 7 | 2 | 3 | 3 | 9 | 8 | 9 | 9 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.58 | $0.53 | - | - | $0.83 | $0.44 | - | $0.71 | $0.79 | $0.69 | - | $0.75 | $0.78 | $0.74 | - | $0.80 | $0.73 |
| Avg Forecast | $1.01 | $0.87 | $0.73 | $0.74 | $0.92 | $0.82 | $0.68 | $0.69 | $0.78 | $0.67 | $0.59 | $0.58 | $0.79 | $0.65 | $0.58 | $0.50 | $0.86 | $1.27 | $1.15 | $0.62 | $0.80 | $0.72 | $0.62 | $0.59 | $0.81 | $0.76 | $0.58 | $0.52 | $0.81 | $0.64 |
| High Forecast | $1.02 | $0.88 | $0.74 | $0.75 | $0.93 | $0.83 | $0.69 | $0.70 | $0.86 | $0.68 | $0.59 | $0.58 | $0.80 | $0.66 | $0.58 | $0.51 | $0.87 | $1.27 | $1.18 | $0.64 | $0.83 | $0.74 | $0.63 | $0.60 | $0.83 | $0.79 | $0.60 | $0.53 | $0.83 | $0.66 |
| Low Forecast | $0.99 | $0.85 | $0.72 | $0.73 | $0.90 | $0.81 | $0.67 | $0.68 | $0.74 | $0.66 | $0.58 | $0.57 | $0.78 | $0.64 | $0.57 | $0.49 | $0.85 | $1.27 | $1.12 | $0.61 | $0.78 | $0.71 | $0.60 | $0.57 | $0.79 | $0.75 | $0.57 | $0.51 | $0.79 | $0.63 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.92% | - | - | 0.65% | 0.38% | - | 0.89% | 1.10% | 1.12% | - | 0.93% | 1.03% | 1.28% | - | 0.99% | 1.13% |
According to 6 Wall Street analysts, McCormick & Company's projected average Quarter EPS for Dec 23 is $0.79, with a low estimate of $0.78 and a high estimate of $0.80. This represents a 36.69% increase compared to MKC previous annual EPS of $0.58 (Aug 23).
McCormick & Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HRL | Hormel Foods | $31.35 | $45.33 | 44.59% | Hold |
| KHC | Kraft Heinz Company | $34.59 | $42.25 | 22.15% | Buy |
| CAG | Conagra Brands | $29.51 | $35.25 | 19.45% | Hold |
| SJM | J. M. Smucker Company | $117.39 | $135.23 | 15.20% | Hold |
| CPB | Campbell Soup Company | $47.35 | $48.85 | 3.17% | Hold |
| GIS | General Mills | $73.61 | $75.10 | 2.02% | Hold |
| MKC | McCormick & Company | $80.61 | $79.56 | -1.30% | Hold |
| K | Kellanova | $80.61 | $74.03 | -8.16% | Hold |
MKC Forecast FAQ
Is McCormick & Company a good buy?
No, according to 7 Wall Street analysts, McCormick & Company (MKC) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 28.57% of MKC's total ratings.
What is MKC's price target?
McCormick & Company (MKC) average price target is $79.56 with a range of $69 to $93, implying a -1.30% from its last price of $80.61. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will McCormick & Company stock go up soon?
According to Wall Street analysts' prediction for MKC stock, the company can go down by -1.30% (from the last price of $80.61 to the average price target of $79.56), up by 15.37% based on the highest stock price target, and down by -14.40% based on the lowest stock price target.
Can McCormick & Company stock reach $120?
MKC's average twelve months analyst stock price target of $79.56 does not support the claim that McCormick & Company can reach $120 in the near future.
What is McCormick & Company's current price target trend?
4 Wall Street analysts forecast a $83.25 price target for McCormick & Company (MKC) this month, up 3.28% from its last price of $80.61. Compared to the last 3 and 12 months, the average price target increased by 3.28% and decreased by -0.53%, respectively.
Did the MKC's actual financial results beat the analysts' financial forecasts?
Based on McCormick & Company's last annual report (Nov 2021), the company's revenue was $6.32B, beating the average analysts forecast of $6.1B by 3.64%. Apple's EBITDA was $1.29B, beating the average prediction of $1.13B by 14.29%. The company's net income was $755.3M, beating the average estimation of $675.06M by 11.89%. Apple's SG&A was $1.4B, beating the average forecast of $1.25B by 11.96%. Lastly, the company's EPS was $2.83, beating the average prediction of $2.72 by 3.95%. In terms of the last quarterly report (Aug 2023), McCormick & Company's revenue was $1.68B, missing the average analysts' forecast of $1.7B by -0.71%. The company's EBITDA was $245M, missing the average prediction of $341.39M by -28.23%. McCormick & Company's net income was $156.7M, missing the average estimation of $175.84M by -10.89%. The company's SG&A was $371.7M, missing the average forecast of $374.93M by -0.86%. Lastly, the company's EPS was $0.58, missing the average prediction of $0.652 by -11.04%