Shares of McCormick & Company, Incorporated (NYSE:MKC) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $102.75.

Several brokerages recently weighed in on MKC. Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 target price on shares of McCormick & Company, in a report on Friday, May 19th. Zacks Investment Research cut shares of McCormick & Company, from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Edward Jones raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Credit Suisse Group set a $108.00 target price on shares of McCormick & Company, and gave the company a “buy” rating in a report on Saturday, July 1st. Finally, BidaskClub cut shares of McCormick & Company, from a “buy” rating to a “hold” rating in a report on Friday, June 30th.

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Shares of McCormick & Company, (MKC) traded up 0.48% on Friday, hitting $98.94. 2,298,826 shares of the stock were exchanged. The stock has a market cap of $12.33 billion, a PE ratio of 26.28 and a beta of 0.52. The company’s 50 day moving average is $96.30 and its 200-day moving average is $99.05. McCormick & Company, has a 52-week low of $88.64 and a 52-week high of $106.50.

McCormick & Company, (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.06. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Analysts predict that McCormick & Company, will post $4.13 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in McCormick & Company, by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock valued at $1,195,875,000 after purchasing an additional 301,377 shares during the last quarter. BlackRock Inc. increased its stake in McCormick & Company, by 956.5% in the first quarter. BlackRock Inc. now owns 10,405,413 shares of the company’s stock valued at $1,015,049,000 after purchasing an additional 9,420,526 shares during the last quarter. State Street Corp increased its stake in McCormick & Company, by 5.4% in the first quarter. State Street Corp now owns 7,256,472 shares of the company’s stock valued at $707,872,000 after purchasing an additional 368,990 shares during the last quarter. Geode Capital Management LLC increased its stake in McCormick & Company, by 6.6% in the first quarter. Geode Capital Management LLC now owns 1,207,462 shares of the company’s stock valued at $117,631,000 after purchasing an additional 74,953 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in McCormick & Company, by 19.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,067,062 shares of the company’s stock valued at $104,049,000 after purchasing an additional 177,210 shares during the last quarter. Institutional investors own 72.90% of the company’s stock.

McCormick & Company, Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

Analyst Recommendations for McCormick & Company, (NYSE:MKC)

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