# McCormick & Company, Incorporated – Consensus ‘hold’ rating and 10.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/mccormick-company-incorporated-consensus-hold-rating-and-10.0-upside-potential/4121160843
- Published: 2024-06-19T14:27:32+01:00
- Author: Charlotte Edwards

**McCormick & Company, Incorporated** with ticker code (MKC) have now 14 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘hold’. The
target price High/Low ranges between $92.00 and $66.00 calculating the average target
price we see $76.44. Given that the stocks previous close was at $69.48 this now
indicates there is a potential upside of 10.0%. It’s also worth noting that there
is a 50 day moving average of $72.86 and the 200 day MA is $69.70. The market cap
for the company is 18.42B. The stock price for the company is currently is currently
$68.63 USD

 The potential market cap would be $20,264,066,881 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 26.19, revenue per share of $24.96
and a 5.01% return on assets.

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing
spices, seasoning mixes, condiments and other flavorful products to the entire food
industry retailers, food manufacturers and foodservice businesses. The Company operates
through two business segments: Consumer and Flavor Solutions. In the Consumer segment,
it sells its products under the McCormick brand and a variety of brands around the
world, including French’s, Frank’s RedHot, Lawry’s Cholula Hot Sauce and Club House,
as well as brands, such as Gourmet Garden, OLD BAY, Zatarain’s, Stubb’s, Thai Kitchen,
Simply Asia, Ducros, Schwartz, Kamis, DaQiao and La Drogheria. In the Flavor Solutions
segment, the Company provides a range of products to multinational food manufacturers
and food service customers. Its sales, distribution and production facilities are
located in North America, Europe and China, and additional facilities are based 
in Australia, Central America, Thailand and South Africa.

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