# McCormick & Company, Incorporated – Consensus ‘hold’ rating and 23.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/mccormick-company-incorporated-consensus-hold-rating-and-23.4-upside-potential/4121129338
- Published: 2023-10-12T12:19:31+01:00
- Author: Charlotte Edwards

**McCormick & Company, Incorporated** which can be found using ticker (MKC) have
now 12 market analysts covering the stock. The analyst consensus now points to a
rating of ‘hold’. The range between the high target price and low target price is
between 97 and 64 suggesting an average Analsyt target price of $78.00. Given that
the stocks previous close was at $63.21 this would imply there is now a potential
upside of 23.4%. The 50 day MA is $79.32 while the 200 day moving average is $82.09.
The company has a market capitalization of 16.64B. The stock price for the company
is currently 62.02 USD

 The potential market cap would be $20,530,356,500 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 25.84, revenue per share of 24.61
and a 4.82% 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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