McCormick & Company, (NYSE:MKC) Getting Somewhat Favorable Media Coverage, Analysis Finds
Press coverage about McCormick & Company, (NYSE:MKC) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. McCormick & Company, earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.124189773484 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Puzo Michael J Has $875000 Stake in McCormick & Company, Incorporated (MKC) (newstrendstoday.com)
- Clarkston Capital Partners LLC Boosts Stake in McCormick & Company, Incorporated (NYSE:MKC) (techkenyot.com)
- McCormick (MKC) to Fund Reckitt’s Food Business Acquisition (nasdaq.com)
- The Stock Driving Higher EPS Growth: McCormick & Company, Incorporated (MKC) (wisdomsave.com)
- McCormick & Company, Incorporated (NYSE:MKC) Shares Dip Under Moving Averages (ismboard.com)
Several research analysts recently weighed in on the stock. Jefferies Group LLC raised shares of McCormick & Company, from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $110.00 in a research note on Friday, July 28th. Edward Jones raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Credit Suisse Group set a $108.00 price objective on shares of McCormick & Company, and gave the stock a “buy” rating in a research note on Saturday, July 1st. BidaskClub lowered shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research lowered shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $104.00.
Shares of McCormick & Company, (NYSE:MKC) traded down 0.58% on Thursday, reaching $95.20. 1,425,304 shares of the company’s stock were exchanged. McCormick & Company, has a 52-week low of $88.64 and a 52-week high of $106.50. The stock has a market cap of $11.86 billion, a P/E ratio of 25.29 and a beta of 0.52. The company’s 50 day moving average price is $96.03 and its 200-day moving average price is $98.97.
McCormick & Company, (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. Equities analysts forecast that McCormick & Company, will post $4.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 10th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, July 6th. McCormick & Company,’s payout ratio is 49.87%.
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About McCormick & Company,
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.
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