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This summary was created by AI, based on 2 opinions in the last 12 months.

McCormick & Co, MKC-N, reported mixed numbers in their latest earnings report, with a modest earnings beat but softer than expected sales. However, management's plan to boost volume growth in 2025 without sacrificing margins is seen as credible. With over 125 years in the industry, McCormick is a global leader in flavor and is trusted by millions of kitchens and restaurants worldwide.

Consensus
Mixed
Valuation
Fair Value
BUY
McCormick & Co

Yesterday, they reported mixed numbers: a modest earnings beat, softer than expected sales and alight full-year forecast. But management's plan is credible to boost volume growth in 2025 without sacrificing margins.

Consumer Products
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TOP PICK
McCormick & Co

McCormick & company, incorporated (nyse: mkc) is a global leader in flavor and one of the most respected and familiar names in the industry. in business for more than 125 years, mccormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry—retail outlets, food manufacturers and food service businesses. the mccormick name represents a trusted source of flavor in millions of kitchens around the globe—in homes and in restaurants.

Consumer Products
DON'T BUY
McCormick & Co

They report Tuesday. A quality company that's having a tough time dealing with inflation. Some companies like Hershey's and General Mills have been adept pasisng on costs to consumers. Maybe MKC can, but they haven't recently which hasn't inspired confidence.

Consumer Products
COMMENT
McCormick & Co
It reports Thursday. They pre-announced a nasty set of numbers. The actual numbers may reinforce those numbers. He thinks it's a good company though.
Consumer Products
DON'T BUY
McCormick & Co
Usually it thrives during a slowdown. Their June report slashed full-year guidance, as consumer goods struggle in Europe and Asia. Also, MKF raised prices and consumers didn't bite. Management still needs to get its house in order; they has slashed their full-year-forecast, forecasting $0.65 EPS vs. $0.83 by Wall Street. Full-year, the company projects 0 to -2% sales growth, down from before. Are still struggling from the supply chain.
Consumer Products
BUY
McCormick & Co
They report Wednesday. He likes Mc's spice business. If there's a recession, families will buy their spices.
Consumer Products
BUY
McCormick & Co
As the economy reopened, shares slid, but shares stabilized last month as the market became volatile. They reported last week some hot sales, but management cut their full-year earnings forecast because of supply chain issues and higher transportation and packaging costs. If these issues can be solved, then MKC would be a terrific buy.
Consumer Products
BUY
McCormick & Co
They make spices and we'll always need spices. This is good long term.
Consumer Products
DON'T BUY
McCormick & Co
It did well during last year's lockdown as people cooked more from home. Mind you, restaurant demand declined. She once owned this. They are market leaders, but MKC is fully valued. She may buy on a pullback, but other peers trade at a better PE.
Consumer Products
DON'T BUY
McCormick & Co
It was a sleeping stock until Covid, when the lockdowns allowed these shares to catch fire and people bought their spices to fill their pantries. Problem is restaurants are reopening more and more. They report Thursday. Tough to make money.
Consumer Products
COMMENT
McCormick & Co
MKC sells spices, so it's widely viewed as a lockdown stock. And yet, restaurants will fully reopen and restos make up 20% of their business. This is a hybrid stock, benefiting from the reopening but also lingering stay-at-home habits as people will continue to cook at home but also dine out.
Consumer Products
COMMENT
McCormick & Co
It reports Tuesday. It's controversial. A big spicemaker including a huge food-service business that supplies restaurants, but of course that got hit badly during the pandemic, though its consumer business thrived during lockdowns as people cooked more. However, when society reopens there will be less cooking.
Consumer Products
BUY
McCormick & Co
The market thinks packaged foods have no post-Covid future, that cooking from home will no staying power. They're wrong. This spice-maker isn't getting its due for its Frank's Hot Sauce acquisition. MKC beat its top and bottom lines in its Q3 report.
Consumer Products
COMMENT
McCormick & Co
They make spices. Their last quarter was a blow-out and the stock shot up...too high, and has since pulled back sharply. Now, the stock is only slightly above that last report. Will people still cook at home after the pandemic? Yes--people develop new habits and some will keep cooking because they like it. That said, analysts may fail to back this stock.
Consumer Products
TOP PICK
McCormick & Co
They bought Reckitt Benckiser which propelled from the 10th-largest to the 2nd biggest condiment company in the world. It's recession-proof and has been rising slowly during this current downtrend. They do a lot of partnerships with restaurants. A low-volatile, sleeping name that meets a consistent demand: cooking. (Analysts’ price target is $153.22)
Consumer Products
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McCormick & Co(MKC-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for McCormick & Co is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

McCormick & Co(MKC-N) Frequently Asked Questions

What is McCormick & Co stock symbol?

McCormick & Co is a American stock, trading under the symbol MKC-N on the New York Stock Exchange (MKC). It is usually referred to as NYSE:MKC or MKC-N

Is McCormick & Co a buy or a sell?

In the last year, 1 stock analyst published opinions about MKC-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for McCormick & Co.

Is McCormick & Co a good investment or a top pick?

McCormick & Co was recommended as a Top Pick by on . Read the latest stock experts ratings for McCormick & Co.

Why is McCormick & Co stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is McCormick & Co worth watching?

1 stock analyst on Stockchase covered McCormick & Co In the last year. It is a trending stock that is worth watching.

What is McCormick & Co stock price?

On 2024-04-24, McCormick & Co (MKC-N) stock closed at a price of $74.95.