MCCORMICK & CO /SH (NYSE:MKC) was upgraded by analysts at Consumer Edge from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Friday, January 25th, The Fly reports.
MKC has been the subject of a number of other reports. Stifel Nicolaus upped their target price on MCCORMICK & CO /SH from $117.00 to $125.00 and gave the company a “hold” rating in a research note on Friday, September 28th. Credit Suisse Group set a $137.00 price target on MCCORMICK & CO /SH and gave the company a “buy” rating in a research report on Friday, September 28th. Jefferies Financial Group set a $135.00 price target on MCCORMICK & CO /SH and gave the company a “buy” rating in a research report on Thursday, September 27th. Deutsche Bank upgraded MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Finally, Zacks Investment Research upgraded MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a report on Monday, December 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $130.63.
Shares of NYSE MKC opened at $126.69 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.74 and a quick ratio of 0.35. The firm has a market capitalization of $16.74 billion, a P/E ratio of 25.49, a PEG ratio of 2.68 and a beta of 0.22. MCCORMICK & CO /SH has a one year low of $99.53 and a one year high of $156.00.
MCCORMICK & CO /SH (NYSE:MKC) last issued its earnings results on Thursday, January 24th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.55 billion. MCCORMICK & CO /SH had a net margin of 17.26% and a return on equity of 21.34%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 earnings per share. Equities analysts anticipate that MCCORMICK & CO /SH will post 5.25 EPS for the current year.
In related news, VP Christina M. Mcmullen sold 400 shares of the stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $147.44, for a total transaction of $58,976.00. Following the completion of the transaction, the vice president now directly owns 624 shares in the company, valued at $92,002.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 19.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of MKC. Winthrop Partners WNY LLC bought a new position in shares of MCCORMICK & CO /SH during the 4th quarter worth approximately $28,000. JNBA Financial Advisors bought a new position in shares of MCCORMICK & CO /SH during the 4th quarter worth approximately $28,000. Financial Advantage Inc. bought a new position in shares of MCCORMICK & CO /SH during the 4th quarter worth approximately $41,000. Lindbrook Capital LLC bought a new position in shares of MCCORMICK & CO /SH during the 4th quarter worth approximately $50,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of MCCORMICK & CO /SH during the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 77.42% of the company’s stock.
MCCORMICK & CO /SH Company Profile
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.
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