# McCormick & Company, Incorporated  Share Price Target ‘$76.61’, now -1.3% Downside Potential

- Link: https://www.directorstalkinterviews.com/mccormick-company-incorporated-share-price-target-76.61-now-1.3-downside-potential/4121168141
- Published: 2024-08-13T12:57:50+01:00
- Author: Charlotte Edwards

**McCormick & Company, Incorporated** with ticker code (MKC) now have 15 analysts
in total covering the stock. The consensus rating is pointing to ‘hold’. The target
price High/Low ranges between $93.00 and $67.00 calculating the average target share
price we see $76.61. (at the time of writing). Given that the stocks previous close
was at $77.63 this now indicates there is a potential downside of -1.3%. The 50 
day moving average now sits at $72.16 and the 200 day moving average is $70.00. 
The company has a market cap of 20.55B. The price for the stock stands currently
at: $76.48 USD

 The potential market cap would be $20,275,484,027 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 27.91, revenue per share of $24.89
and a 5.05% 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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