McCormick & Company (MKC) Stock Forecast, Price Target & Predictions
MKC Stock Forecast
McCormick & Company stock forecast is as follows: an average price target of $81.83 (represents a 3.77% upside from MKC’s last price of $78.86) 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 $81.83 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 3.77% upside from MKC's last price of $78.86.
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 |
|---|---|---|---|---|---|---|
| Dec 09, 2024 | Rob Dickerson | Jefferies | $91.00 | $77.50 | 17.42% | 15.39% |
| Oct 22, 2024 | Rob Dickerson | Jefferies | $85.00 | $78.86 | 7.79% | 7.79% |
| Oct 02, 2024 | Matthew Smith | Stifel Nicolaus | $85.00 | $84.09 | 1.08% | 7.79% |
| Oct 01, 2024 | Adam Samuelson | Goldman Sachs | $69.00 | $84.09 | -17.95% | -12.50% |
| Oct 01, 2024 | Rob Dickerson | Jefferies | $86.00 | $84.09 | 2.27% | 9.05% |
| Oct 01, 2024 | Arun Sundaram | CFRA | $93.00 | $82.92 | 12.16% | 17.93% |
| Jun 28, 2024 | John Staszak | Argus Research | $80.00 | $70.60 | 13.31% | 1.45% |
| Jun 28, 2024 | Steve Powers | Deutsche Bank | $73.00 | $70.60 | 3.40% | -7.43% |
| Jun 12, 2024 | Thomas Palmer | Coker Palmer | $69.00 | $69.20 | -0.29% | -12.50% |
| Apr 02, 2024 | John Staszak | Argus Research | $88.00 | $76.62 | 14.85% | 11.59% |
| Mar 27, 2024 | Alejandro Zamacona | HSBC | $79.00 | $76.59 | 3.14% | 0.18% |
| Mar 27, 2024 | Matthew Smith | Stifel Nicolaus | $75.00 | $76.37 | -1.79% | -4.89% |
| Mar 26, 2024 | Arun Sundaram | CFRA | $85.00 | $77.30 | 9.96% | 7.79% |
| Dec 06, 2022 | Deutsche Bank | $83.00 | $84.18 | -1.40% | 5.25% | |
| Sep 12, 2022 | Barclays | $82.00 | $81.26 | 0.91% | 3.98% | |
| Sep 08, 2022 | Deutsche Bank | $79.00 | $78.38 | 0.79% | 0.18% | |
| Jul 09, 2022 | Steve Powers | Deutsche Bank | $85.00 | $82.07 | 3.57% | 7.79% |
| Jun 21, 2022 | Deutsche Bank | $91.00 | $83.01 | 9.63% | 15.39% |
The latest McCormick & Company stock forecast, released on Dec 09, 2024 by Rob Dickerson from Jefferies, set a price target of $91.00, which represents a 17.42% increase from the stock price at the time of the forecast ($77.50), and a 15.39% increase from MKC last price ($78.86).
McCormick & Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 6 | 13 |
| Avg Price Target | $91.00 | $84.83 | $81.38 |
| Last Closing Price | $78.86 | $78.86 | $78.86 |
| Upside/Downside | 15.39% | 7.57% | 3.20% |
In the current month, the average price target of McCormick & Company stock is $91.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 15.39% increase as opposed to McCormick & Company's last price of $78.86. This month's average price target is up 7.27% compared to last quarter, and up 11.82% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 23, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Oct 22, 2024 | Jefferies | Hold | Hold | Hold |
| 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 | |
| Sep 08, 2022 | Deutsche Bank | Hold | Hold | Hold |
| Jun 21, 2022 | Deutsche Bank | Hold | Hold | Hold |
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 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.68B | $1.66B | - | - | $1.60B | $1.54B | - | - | $1.55B | $1.56B | - | - | $1.43B | $1.40B | - | - | $1.33B |
| Avg Forecast | $1.89B | $1.79B | $1.74B | $1.67B | $1.83B | $1.73B | $1.69B | $1.63B | $1.77B | $1.67B | $1.63B | $1.55B | $1.79B | $1.70B | $1.67B | $1.54B | $1.62B | $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 | $1.76B | $1.69B | $1.85B | $1.75B | $1.71B | $1.65B | $1.79B | $1.67B | $1.63B | $1.55B | $1.81B | $1.71B | $1.68B | $1.56B | $1.94B | $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 | $1.86B | $1.77B | $1.71B | $1.65B | $1.80B | $1.70B | $1.67B | $1.61B | $1.75B | $1.67B | $1.63B | $1.55B | $1.78B | $1.67B | $1.64B | $1.52B | $1.29B | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 4 | 4 | 3 | 6 | 3 | 8 | 6 | 13 | 2 | 2 | 2 | 4 | 4 | 4 | 3 | 4 | 6 | 4 | 8 | 7 | 4 |
| 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 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 4 | 4 | 3 | 6 | 3 | 8 | 6 | 13 | 2 | 2 | 2 | 4 | 4 | 4 | 3 | 4 | 6 | 4 | 8 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $245.00M | $221.80M | - | - | $316.40M | $229.30M | - | - | $325.00M | $308.50M | - | - | $328.90M | $310.30M | - | - | $309.00M |
| Avg Forecast | $374.91M | $355.19M | $344.57M | $331.44M | $362.12M | $342.30M | $334.81M | $323.03M | $351.42M | $330.15M | $322.48M | $323.10M | $354.91M | $335.93M | $330.22M | $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 | $378.67M | $358.75M | $348.02M | $334.75M | $365.74M | $345.73M | $338.16M | $327.02M | $354.94M | $330.24M | $322.48M | $387.72M | $358.90M | $339.29M | $333.52M | $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 | $369.12M | $349.71M | $339.25M | $326.32M | $356.53M | $337.02M | $329.64M | $319.05M | $345.99M | $330.05M | $322.48M | $258.48M | $352.92M | $330.74M | $325.12M | $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 $354.91M, with a high of $358.90M and a low of $352.92M. This is 44.86% 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 4 | 4 | 3 | 6 | 3 | 8 | 6 | 13 | 2 | 2 | 2 | 4 | 4 | 4 | 3 | 4 | 6 | 4 | 8 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $156.70M | $141.80M | - | - | $222.90M | $118.50M | - | - | $212.40M | $183.70M | - | - | $206.10M | $195.90M | - | - | $191.90M |
| Avg Forecast | $268.22M | $239.58M | $202.13M | $206.37M | $243.42M | $226.08M | $184.55M | $186.44M | $207.60M | $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 | $271.71M | $242.69M | $204.76M | $209.06M | $246.59M | $229.02M | $186.96M | $191.93M | $212.92M | $181.60M | $158.17M | $221.29M | $216.53M | $178.13M | $157.63M | $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 | $262.84M | $234.77M | $198.07M | $202.23M | $238.54M | $221.54M | $180.85M | $183.70M | $199.61M | $181.54M | $158.09M | $147.52M | $211.11M | $172.31M | $152.48M | $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 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 4 | 4 | 3 | 6 | 3 | 8 | 6 | 13 | 2 | 2 | 2 | 4 | 4 | 4 | 3 | 4 | 6 | 4 | 8 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $371.70M | $380.50M | - | - | $328.10M | $349.20M | - | - | $327.30M | $356.60M | - | - | $317.20M | $319.20M | - | - | $278.70M |
| Avg Forecast | $413.04M | $391.32M | $379.62M | $365.14M | $398.95M | $377.11M | $368.86M | $355.89M | $387.16M | $363.73M | $355.27M | $396.79M | $391.01M | $370.10M | $363.80M | $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 | $417.18M | $395.23M | $383.42M | $368.80M | $402.94M | $380.89M | $372.56M | $360.28M | $391.04M | $363.83M | $355.27M | $476.15M | $395.40M | $373.80M | $367.45M | $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 | $406.67M | $385.27M | $373.76M | $359.51M | $392.79M | $371.29M | $363.17M | $351.50M | $381.18M | $363.62M | $355.27M | $317.43M | $388.81M | $364.38M | $358.19M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.05% | - | - | 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 $391.01M, based on 6 Wall Street analysts, with a range of $388.81M to $395.40M. The forecast indicates a 5.19% 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 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 6 | 4 | 4 | 3 | 6 | 3 | 8 | 6 | 13 | 2 | 2 | 2 | 4 | 4 | 4 | 3 | 4 | 6 | 4 | 8 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.58 | $0.53 | - | - | $0.83 | $0.44 | - | - | $0.79 | $0.69 | - | - | $0.78 | $0.74 | - | - | $0.73 |
| Avg Forecast | $0.99 | $0.89 | $0.75 | $0.77 | $0.90 | $0.84 | $0.68 | $0.69 | $0.77 | $0.67 | $0.59 | $0.58 | $0.79 | $0.65 | $0.58 | $0.50 | $1.95 | $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 | $1.01 | $0.90 | $0.76 | $0.78 | $0.91 | $0.85 | $0.69 | $0.71 | $0.79 | $0.67 | $0.59 | $0.58 | $0.80 | $0.66 | $0.58 | $0.51 | $1.98 | $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 | $0.97 | $0.87 | $0.73 | $0.75 | $0.88 | $0.82 | $0.67 | $0.68 | $0.74 | $0.67 | $0.59 | $0.58 | $0.78 | $0.64 | $0.57 | $0.49 | $1.91 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CPB | Campbell Soup Company | $43.05 | $52.11 | 21.05% | Hold |
| CAG | Conagra Brands | $27.88 | $32.25 | 15.67% | Hold |
| GIS | General Mills | $65.93 | $74.22 | 12.57% | Hold |
| KHC | Kraft Heinz Company | $31.25 | $35.17 | 12.54% | Buy |
| SJM | J. M. Smucker Company | $114.56 | $127.75 | 11.51% | Hold |
| MKC | McCormick & Company | $80.31 | $81.83 | 1.89% | Hold |
| HRL | Hormel Foods | $32.15 | $32.00 | -0.47% | Hold |
| K | Kellogg Company | $80.59 | $78.06 | -3.14% | Hold |