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McCormick & Company, (NYSE:MKC)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Tuesday. They currently have a $73.00 target price on the stock. Zacks‘s price target would indicate a potential upside of 5.13% from the company’s current price.

Zacks’ analyst wrote, “McCormick delivered better-than-expected earnings in the second quarter of fiscal 2014 but missed revenue expectations by a slight margin. Earnings of $0.64 per share increased 8% from the year-ago quarter owing to top-line growth, cost saving initiatives, higher operating income and lower tax rate and share count. Sales grew 3% year over year, mainly driven by the acquisition of Wuhan Asia-Pacific Condiments. Both the consumer and industrial business segments witnessed an increase in sales in the quarter. However, the Americas region continued to remain soft in the consumer segment due to increased competitive pressure. Nevertheless, McCormick is optimistic on its consumer business over the long term as it expects growing demand for flavors in the coming years. However, we cannot overlook the potential impact of higher input costs, unfavorable currency and ongoing weak demand on the industrial business in the near term. We thus maintain a Neutral recommendation.”

Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of McCormick & Company, in a research note on Monday, June 2nd. They now have a $70.00 price target on the stock, up previously from $67.00. Six investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $71.67.

McCormick & Company, (NYSE:MKC) traded up 0.42% on Tuesday, hitting $69.73. The stock had a trading volume of 114,930 shares. McCormick & Company, has a 52 week low of $62.75 and a 52 week high of $73.33. The stock has a 50-day moving average of $68.94 and a 200-day moving average of $69.61. The company has a market cap of $9.052 billion and a price-to-earnings ratio of 22.96.

McCormick & Company, (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 26th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts expect that McCormick & Company, will post $3.28 earnings per share for the current fiscal year.

In other McCormick & Company, news, Insider Lawrence Erik Kurzius sold 65,300 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $69.01, for a total transaction of $4,506,353.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry, retail outlets, food manufacturers and foodservice businesses.

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