McCormick & Company, Incorporated (MKC) Earning Somewhat Favorable News Coverage, Analysis Finds

News coverage about McCormick & Company, Incorporated (NYSE:MKC) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. McCormick & Company, Incorporated earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.4956647181263 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $103.00 price target (up previously from $95.00) on shares of McCormick & Company, Incorporated in a report on Monday, October 2nd. Credit Suisse Group restated a “buy” rating and set a $115.00 price objective (up previously from $112.00) on shares of McCormick & Company, Incorporated in a report on Friday, September 29th. Zacks Investment Research cut McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. BidaskClub upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Finally, Citigroup boosted their price objective on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. McCormick & Company, Incorporated currently has an average rating of “Hold” and a consensus target price of $106.67.

Shares of McCormick & Company, Incorporated (NYSE:MKC) traded down $0.86 during trading hours on Thursday, hitting $102.14. The stock had a trading volume of 1,066,525 shares, compared to its average volume of 890,744. McCormick & Company, Incorporated has a 12 month low of $89.65 and a 12 month high of $106.50. The company has a market capitalization of $13,487.45, a PE ratio of 25.93, a PEG ratio of 2.34 and a beta of 0.53. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, September 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. McCormick & Company, Incorporated had a return on equity of 26.09% and a net margin of 10.05%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. analysts forecast that McCormick & Company, Incorporated will post 4.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, December 28th. McCormick & Company, Incorporated’s payout ratio is presently 51.93%.

In other news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $99.50, for a total value of $497,500.00. Following the completion of the sale, the director now directly owns 18,825 shares in the company, valued at $1,873,087.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael R. Smith sold 5,500 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $102.60, for a total transaction of $564,300.00. Following the completion of the sale, the vice president now owns 19,248 shares of the company’s stock, valued at $1,974,844.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,000 shares of company stock valued at $1,598,490. 15.30% of the stock is owned by company insiders.

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McCormick & Company, Incorporated 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.

Insider Buying and Selling by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

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