1 week Ago By ABMN Staff
Shares of McCormick & Company, Incorporated ( NYSE:MKC – Get Free Report ) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $76.
25. A number of equities analysts have weighed in on MKC shares. Citigroup upgraded shares of McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and upped their price target for the stock from $68.
00 to $69.00 in a research report on Wednesday, June 12th. TD Cowen dropped their target price on shares of McCormick & Company, Incorporated from $75.
00 to $73.00 and set a “hold” rating for the company in a report on Monday, June 24th. Read Our Latest Report on McCormick & Company, Incorporated McCormick & Company, Incorporated Trading Down 0.
2 % McCormick & Company, Incorporated ( NYSE:MKC – Get Free Report ) last announced its earnings results on Thursday, June 27th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.
59 by $0.10. McCormick & Company, Incorporated had a return on equity of 14.
63% and a net margin of 11.07%. The company had revenue of $1.
64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $0.
60 EPS. McCormick & Company, Incorporated’s revenue for the quarter was down 1.0% compared to the same quarter last year.
Research analysts expect that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year. McCormick & Company, Incorporated Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd.
Shareholders of record on Monday, July 8th were issued a dividend of $0.42 per share. This represents a $1.
68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Monday, July 8th.
McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.31%. Insider Activity In other McCormick & Company, Incorporated news, Director Lawrence Erik Kurzius sold 25,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Wednesday, July 17th.
The stock was sold at an average price of $75.00, for a total value of $1,875,000.00.
Following the sale, the director now owns 199,258 shares of the company’s stock, valued at approximately $14,944,350. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . Company insiders own 22.
90% of the company’s stock. Hedge Funds Weigh In On McCormick & Company, Incorporated Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter valued at approximately $5,298,000.
Strategic Investment Solutions Inc. IL bought a new position in shares of McCormick & Company, Incorporated during the second quarter valued at approximately $39,000. EP Wealth Advisors LLC raised its holdings in shares of McCormick & Company, Incorporated by 7.
3% in the second quarter. EP Wealth Advisors LLC now owns 4,915 shares of the company’s stock worth $349,000 after buying an additional 336 shares during the period. Creative Planning lifted its stake in shares of McCormick & Company, Incorporated by 9.
7% during the 2nd quarter. Creative Planning now owns 134,263 shares of the company’s stock worth $9,525,000 after acquiring an additional 11,923 shares during the last quarter. Finally, Ascent Group LLC purchased a new stake in shares of McCormick & Company, Incorporated during the second quarter valued at $298,000.
Institutional investors own 79.74% of the company’s stock. About McCormick & Company, Incorporated ( Get Free Report 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. Recommended Stories 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.
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