McCormick & Company, Incorporated (NYSE:MKC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

McCormick & Company, Incorporated (NYSE:MKC) has been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $83.75.

A number of equities research analysts have recently issued reports on MKC shares. Barclays reduced their price target on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research note on Friday, January 24th. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their target price for the company from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.03, for a total value of $2,163,926.76. Following the transaction, the director now owns 6,177 shares of the company’s stock, valued at $475,814.31. This represents a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 23.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Curio Wealth LLC purchased a new stake in McCormick & Company, Incorporated during the fourth quarter worth approximately $30,000. Albion Financial Group UT purchased a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $33,000. Twin Tree Management LP purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at $33,000. Ameriflex Group Inc. purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at $33,000. Finally, Lee Danner & Bass Inc. acquired a new stake in McCormick & Company, Incorporated during the 4th quarter worth $37,000. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Up 0.2 %

MKC opened at $80.35 on Tuesday. The stock has a market capitalization of $21.54 billion, a PE ratio of 27.42, a P/E/G ratio of 3.76 and a beta of 0.71. McCormick & Company, Incorporated has a one year low of $66.88 and a one year high of $86.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The business’s 50 day moving average price is $78.58 and its 200 day moving average price is $78.87.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. As a group, equities research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

About McCormick & Company, Incorporated

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.