MKC Stock Recent News

McCormick's (MKC) commitment to achieving long-term objectives is evident from its proven track record, wide-reaching and competitive global portfolio and focus on high-growth areas.

McCormick & Company: Potential Recovery In Margins

McCormick's sales are flat but profits are up, encouraging both retail investors and the analyst community. The stock might not have the highest upside, but its valuation is attractive for those taking a long-term view.

The dividend yield for McCormick stock stands at over 2%, the highest it's been in a decade. The company isn't a high-growth opportunity and has trailed the S&P 500 over the long term.

McCormick & Company, Incorporated (MKC) Q1 2024 Earnings Call Transcript

McCormick beat on the top and bottom lines despite a weak volume environment. The company is using cost controls and pricing power to navigate through a rough patch.

Shares of McCormick & Company (MKC) are trading higher after reporting first quarter net income jumped 19% year over year. The company's CEO says it will continue to expect improved volume performance throughout the year.

McCormick's (MKC) first-quarter results reflect gains from strong brands and a focus on high-growth areas. Management expects volumes to improve in 2024.

McCormick & Company NYSE: MKC stock may not be cheap, trading at 22X this year's and 20X next year's earnings, but it is undervalued. The company is among the highest-quality consumer staples on the market, trading below its historical norms and near the middle of the group's range.

McCormick & Co. (MKC) stock jumped premarket Tuesday following the release of a first-quarter earnings report that beat expectations, with the spice maker affirming its full-year projections for 2024.