Shares of McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $77.88.
A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, March 27th. Citigroup increased their price target on McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a “sell” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. dropped their price target on McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating for the company in a report on Friday, January 26th. Argus raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Tuesday, April 2nd. Finally, Barclays raised their target price on McCormick & Company, Incorporated from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th.
Check Out Our Latest Stock Analysis on McCormick & Company, Incorporated
Insider Buying and Selling at McCormick & Company, Incorporated
Institutional Trading of McCormick & Company, Incorporated
A number of hedge funds have recently modified their holdings of MKC. Wealth Enhancement Advisory Services LLC raised its holdings in McCormick & Company, Incorporated by 13.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 121,333 shares of the company’s stock worth $9,320,000 after purchasing an additional 14,641 shares during the period. Cardinal Capital Management raised its stake in McCormick & Company, Incorporated by 10.1% during the 1st quarter. Cardinal Capital Management now owns 89,369 shares of the company’s stock worth $6,864,000 after buying an additional 8,228 shares during the period. Davis Investment Partners LLC acquired a new stake in McCormick & Company, Incorporated during the 1st quarter worth $203,000. DLK Investment Management LLC lifted its holdings in McCormick & Company, Incorporated by 14.1% during the first quarter. DLK Investment Management LLC now owns 69,344 shares of the company’s stock worth $5,326,000 after acquiring an additional 8,580 shares in the last quarter. Finally, Jacobs & Co. CA grew its stake in McCormick & Company, Incorporated by 5.3% in the first quarter. Jacobs & Co. CA now owns 150,459 shares of the company’s stock valued at $11,556,000 after acquiring an additional 7,510 shares during the period. 79.74% of the stock is currently owned by institutional investors and hedge funds.
McCormick & Company, Incorporated Stock Performance
MKC opened at $71.91 on Tuesday. The stock’s 50 day simple moving average is $70.08 and its 200-day simple moving average is $67.47. The company has a current ratio of 0.68, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The stock has a market cap of $19.30 billion, a PE ratio of 27.45, a P/E/G ratio of 3.68 and a beta of 0.74. McCormick & Company, Incorporated has a 1 year low of $59.13 and a 1 year high of $94.39.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts forecast that McCormick & Company, Incorporated will post 2.85 EPS for the current year.
McCormick & Company, Incorporated Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.68 dividend on an annualized basis and a yield of 2.34%. McCormick & Company, Incorporated’s payout ratio is 64.12%.
About McCormick & Company, Incorporated
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.
Further Reading
- Five stocks we like better than McCormick & Company, Incorporated
- How to Most Effectively Use the MarketBeat Earnings Screener
- The Charles Schwab Company Can Hit New Highs
- What is the Shanghai Stock Exchange Composite Index?
- Costco vs. Walmart: Revenue Comparison of Two Retail Giants
- Stock Analyst Ratings and Canadian Analyst Ratings
- 3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.