McCormick & Company, Incorporated (NYSE:MKC) has been given a consensus rating of “Hold” by the eleven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $106.75.

A number of equities research analysts have recently commented on MKC shares. Zacks Investment Research cut shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Deutsche Bank cut shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating and reduced their target price for the company from $103.00 to $98.00 in a report on Friday, January 19th. Credit Suisse Group set a $115.00 target price on shares of McCormick & Company, Incorporated and gave the company a “buy” rating in a report on Tuesday, December 12th. UBS Group upped their target price on shares of McCormick & Company, Incorporated from $100.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus upped their target price on shares of McCormick & Company, Incorporated from $103.00 to $110.00 and gave the company a “hold” rating in a report on Friday, January 26th.

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In other news, Director Patricia A. Little sold 6,250 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $108.63, for a total transaction of $678,937.50. Following the transaction, the director now directly owns 15,497 shares in the company, valued at $1,683,439.11. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael R. Smith sold 2,575 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $107.96, for a total transaction of $277,997.00. Following the transaction, the vice president now owns 17,312 shares in the company, valued at $1,869,003.52. The disclosure for this sale can be found here. Insiders own 19.20% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC grew its position in McCormick & Company, Incorporated by 41.5% during the fourth quarter. Clearbridge Investments LLC now owns 4,455,263 shares of the company’s stock worth $454,036,000 after buying an additional 1,306,536 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in McCormick & Company, Incorporated by 81.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,629,070 shares of the company’s stock worth $167,208,000 after buying an additional 733,375 shares during the period. Jennison Associates LLC acquired a new position in McCormick & Company, Incorporated during the fourth quarter worth about $43,817,000. Darrell & King LLC acquired a new position in McCormick & Company, Incorporated during the third quarter worth about $34,615,000. Finally, Eaton Vance Management grew its position in McCormick & Company, Incorporated by 38.0% during the fourth quarter. Eaton Vance Management now owns 872,011 shares of the company’s stock worth $88,866,000 after buying an additional 240,274 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Shares of McCormick & Company, Incorporated (NYSE MKC) traded down $0.19 during trading hours on Friday, hitting $110.55. 560,814 shares of the stock were exchanged, compared to its average volume of 1,058,530. McCormick & Company, Incorporated has a 1-year low of $90.25 and a 1-year high of $111.46. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $14,512.01, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.40 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, January 25th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. McCormick & Company, Incorporated had a net margin of 9.88% and a return on equity of 25.30%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $1.27 earnings per share. The business’s revenue was up 21.5% compared to the same quarter last year. equities research analysts forecast that McCormick & Company, Incorporated will post 4.88 earnings per share for the current fiscal year.

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About McCormick & Company, Incorporated

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, Incorporated (NYSE:MKC)

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