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McCormick & Company (MKC) Stock Forecast, Price Target & Predictions

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MKC Stock Forecast

McCormick & Company stock forecast is as follows: an average price target of $79.44 (represents a 5.48% upside from MKC’s last price of $75.31) 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 $79.44 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 5.48% upside from MKC's last price of $75.31.

MKC Analyst Ratings

Hold

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 22, 2024Rob DickersonJefferies$85.00$78.867.79%12.87%
Oct 02, 2024Matthew SmithStifel Nicolaus$85.00$84.091.08%12.87%
Oct 01, 2024Adam SamuelsonGoldman Sachs$69.00$84.09-17.95%-8.38%
Oct 01, 2024Rob DickersonJefferies$86.00$84.092.27%14.19%
Oct 01, 2024Arun SundaramCFRA$93.00$82.9212.16%23.49%
Jun 28, 2024John StaszakArgus Research$80.00$70.6013.31%6.23%
Jun 28, 2024Steve PowersDeutsche Bank$73.00$70.603.40%-3.07%
Jun 12, 2024Thomas PalmerCoker Palmer$69.00$69.20-0.29%-8.38%
Apr 02, 2024John StaszakArgus Research$88.00$76.6214.85%16.85%
Mar 27, 2024Alejandro ZamaconaHSBC$79.00$76.593.14%4.90%
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The latest McCormick & Company stock forecast, released on Oct 22, 2024 by Rob Dickerson from Jefferies, set a price target of $85.00, which represents a 7.79% increase from the stock price at the time of the forecast ($78.86), and a 12.87% increase from MKC last price ($75.31).

McCormick & Company Price Target by Period

1M3M12M
# Anlaysts1512
Avg Price Target$85.00$83.60$80.58
Last Closing Price$75.31$75.31$75.31
Upside/Downside12.87%11.01%7.00%

In the current month, the average price target of McCormick & Company stock is $85.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.87% increase as opposed to McCormick & Company's last price of $75.31. This month's average price target is up 1.67% compared to last quarter, and up 5.49% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 23, 2024Cowen & Co.HoldHoldHold
Oct 22, 2024JefferiesHoldHoldHold
Oct 02, 2024Cowen & Co.HoldHoldHold
Oct 01, 2024Goldman SachsSellSellHold
Oct 01, 2024JefferiesHoldHoldHold
Jun 28, 2024Cowen & Co.BuyBuyHold
Jun 28, 2024CitigroupNeutralNeutralHold
Jun 28, 2024Deutsche BankHoldHoldHold
Jun 24, 2024Cowen & Co.HoldHoldHold
Jun 12, 2024Citigroup-NeutralUpgrade
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McCormick & Company's last stock rating was published by Cowen & Co. on Oct 23, 2024. The company gave MKC a "Hold" rating, the same as its previous rate.

McCormick & Company Financial Forecast

McCormick & Company Revenue Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
Revenue-------------$1.68B$1.66B--$1.60B$1.54B--$1.55B$1.56B--$1.43B$1.40B--$1.33B
Avg Forecast$1.90B$1.80B$1.74B$1.68B$1.83B$1.73B$1.69B$1.63B$1.77B$1.67B$1.63B$1.55B$1.79B$1.70B$1.67B$1.54B$1.77B$1.60B$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$1.69B$1.84B$1.74B$1.70B$1.64B$1.78B$1.67B$1.63B$1.55B$1.81B$1.71B$1.68B$1.55B$1.78B$1.61B$1.62B$1.48B$1.73B$1.55B$1.48B$1.39B$1.57B$1.41B$1.38B$1.24B$1.53B$1.35B
Low Forecast$1.89B$1.79B$1.73B$1.67B$1.82B$1.72B$1.68B$1.62B$1.76B$1.67B$1.63B$1.55B$1.78B$1.69B$1.66B$1.53B$1.76B$1.59B$1.60B$1.46B$1.71B$1.53B$1.46B$1.37B$1.56B$1.39B$1.37B$1.23B$1.51B$1.34B
# Analysts111111136443633422224443464874
Surprise %-------------0.99%0.99%--1.00%0.96%--1.01%1.06%--1.02%1.02%--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 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts111111136443633422224443464874
EBITDA-------------$245.00M$221.80M--$316.40M$229.30M--$325.00M$308.50M--$328.90M$310.30M--$309.00M
Avg Forecast$376.09M$355.61M$344.79M$332.55M$362.50M$342.28M$334.66M$323.29M$351.02M$329.83M$322.16M$323.10M$354.57M$335.60M$329.90M$293.72M$350.18M$321.79M$323.15M$267.02M$344.84M$309.43M$295.31M$235.69M$314.61M$280.82M$276.69M$239.77M$305.17M$270.17M
High Forecast$377.97M$357.39M$346.52M$334.21M$364.32M$343.99M$336.33M$325.27M$353.00M$329.92M$322.16M$387.72M$358.55M$337.28M$331.55M$352.47M$420.22M$324.02M$325.40M$320.43M$347.24M$311.58M$297.36M$282.83M$316.80M$282.77M$278.61M$287.72M$307.29M$272.05M
Low Forecast$373.62M$353.28M$342.53M$330.37M$360.12M$340.03M$332.46M$321.31M$348.71M$329.73M$322.16M$258.48M$352.58M$333.40M$327.73M$234.98M$280.14M$320.41M$321.77M$213.62M$343.37M$308.11M$294.05M$188.55M$313.27M$279.62M$275.51M$191.81M$303.87M$269.01M
Surprise %-------------0.73%0.67%--0.98%0.71%--1.05%1.04%--1.17%1.12%--1.14%

6 analysts predict MKC's average Quarter EBITDA for Dec 23 to be $354.57M, with a high of $358.55M and a low of $352.58M. This is 44.72% upper than McCormick & Company's previous annual EBITDA (Aug 23) of $245.00M.

McCormick & Company Net Income Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts111111136443633422224443464874
Net Income-------------$156.70M$141.80M--$222.90M$118.50M--$212.40M$183.70M--$206.10M$195.90M--$191.90M
Avg Forecast$267.58M$238.24M$200.04M$205.84M$243.33M$225.49M$184.72M$186.72M$207.77M$181.57M$158.13M$184.41M$213.82M$175.84M$155.61M$167.64M$206.28M$190.09M$175.16M$152.40M$215.81M$194.47M$165.93M$126.15M$217.89M$205.22M$155.96M$137.68M$217.59M$173.75M
High Forecast$269.33M$239.79M$201.35M$207.18M$244.91M$226.96M$185.93M$189.42M$213.10M$181.60M$158.17M$221.29M$216.53M$176.99M$156.62M$201.17M$247.54M$191.80M$176.75M$182.88M$217.76M$196.23M$167.43M$151.38M$219.86M$207.07M$157.36M$165.21M$219.55M$175.32M
Low Forecast$265.30M$236.20M$198.34M$204.08M$241.25M$223.57M$183.15M$184.01M$199.78M$181.54M$158.09M$147.52M$211.11M$174.34M$154.28M$134.11M$165.03M$189.03M$174.19M$121.92M$214.61M$193.39M$165.01M$100.92M$216.68M$204.08M$155.09M$110.14M$216.38M$172.79M
Surprise %-------------0.89%0.91%--1.17%0.68%--1.09%1.11%--1.00%1.26%--1.10%

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 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts111111136443633422224443464874
SG&A-------------$371.70M$380.50M--$328.10M$349.20M--$327.30M$356.60M--$317.20M$319.20M--$278.70M
Avg Forecast$420.16M$397.28M$385.20M$371.52M$404.98M$382.39M$373.87M$361.17M$392.15M$368.48M$359.91M$396.79M$396.12M$374.93M$368.56M$360.72M$416.85M$353.40M$354.90M$327.92M$378.72M$339.83M$324.32M$250.51M$345.52M$308.41M$303.87M$261.37M$335.15M$296.71M
High Forecast$422.26M$399.27M$387.13M$373.38M$407.01M$384.30M$375.74M$363.39M$394.37M$368.59M$359.91M$476.15M$400.57M$376.81M$370.40M$432.86M$500.22M$355.85M$357.37M$393.51M$381.35M$342.19M$326.58M$300.61M$347.92M$310.55M$305.98M$313.64M$337.48M$298.77M
Low Forecast$417.40M$394.67M$382.67M$369.08M$402.32M$379.87M$371.42M$358.96M$389.57M$368.37M$359.91M$317.43M$393.89M$372.47M$366.14M$288.57M$333.48M$351.89M$353.38M$262.34M$377.10M$338.38M$322.94M$200.40M$344.04M$307.09M$302.57M$209.09M$333.72M$295.44M
Surprise %-------------0.99%1.03%--0.93%0.98%--0.96%1.10%--1.03%1.05%--0.94%

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 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts111111136443633422224443464874
EPS-------------$0.58$0.53--$0.83$0.44--$0.79$0.69--$0.78$0.74--$0.73
Avg Forecast$0.99$0.88$0.74$0.76$0.90$0.84$0.68$0.69$0.77$0.67$0.59$0.58$0.79$0.65$0.58$0.50$0.86$0.70$0.65$0.62$0.80$0.72$0.62$0.59$0.81$0.76$0.58$0.52$0.81$0.64
High Forecast$1.00$0.89$0.75$0.77$0.91$0.84$0.69$0.70$0.79$0.67$0.59$0.58$0.80$0.66$0.58$0.50$0.87$0.71$0.66$0.62$0.81$0.73$0.62$0.59$0.82$0.77$0.58$0.52$0.81$0.65
Low Forecast$0.98$0.88$0.74$0.76$0.89$0.83$0.68$0.68$0.74$0.67$0.59$0.58$0.78$0.65$0.57$0.50$0.86$0.70$0.65$0.61$0.80$0.72$0.61$0.58$0.80$0.76$0.58$0.51$0.80$0.64
Surprise %-------------0.89%0.92%--1.18%0.68%--1.10%1.12%--1.03%1.28%--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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HRLHormel Foods$29.73$42.8644.16%Hold
CAGConagra Brands$26.48$35.2533.12%Hold
KHCKraft Heinz Company$30.58$40.4432.24%Buy
SJMJ. M. Smucker Company$111.91$134.8520.50%Hold
GISGeneral Mills$62.78$75.1019.62%Hold
CPBCampbell Soup Company$43.53$49.6814.13%Hold
MKCMcCormick & Company$75.31$79.445.48%Hold
KKellanova$80.55$74.03-8.09%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 $79.44 with a range of $69 to $93, implying a 5.48% from its last price of $75.31. 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 up by 5.48% (from the last price of $75.31 to the average price target of $79.44), up by 23.49% based on the highest stock price target, and down by -8.38% based on the lowest stock price target.

Can McCormick & Company stock reach $110?

MKC's average twelve months analyst stock price target of $79.44 does not support the claim that McCormick & Company can reach $110 in the near future.

What is McCormick & Company's current price target trend?

1 Wall Street analyst forecast a $85 price target for McCormick & Company (MKC) this month, up 12.87% from its last price of $75.31. Compared to the last 3 and 12 months, the average price target increased by 11.01% and increased by 7.00%, respectively.

Did the MKC's actual financial results beat the analysts' financial forecasts?

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 $335.6M by -27.00%. 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%