McCormick & Company, Incorporated (NYSE:MKC) Issues FY 2025 Earnings Guidance

McCormick & Company, Incorporated (NYSE:MKC) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.030-3.080 for the period, compared to the consensus earnings per share estimate of 3.020. The company issued revenue guidance of -, compared to the consensus revenue estimate of $6.8 billion.

McCormick & Company, Incorporated Stock Performance

MKC stock opened at $73.65 on Thursday. The company has a 50 day moving average price of $74.28 and a 200 day moving average price of $76.75. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.65 and a quick ratio of 0.25. The stock has a market capitalization of $19.75 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 3.76 and a beta of 0.68.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.63% and a net margin of 11.67%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. The company’s revenue was up .2% compared to the same quarter last year. Analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Monday, July 7th. McCormick & Company, Incorporated’s dividend payout ratio is 61.86%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MKC. UBS Group started coverage on shares of McCormick & Company, Incorporated in a research note on Monday, June 16th. They issued a “neutral” rating and a $83.00 price objective on the stock. Argus downgraded McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Citigroup decreased their price objective on McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, June 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.13.

Insider Activity

In related news, VP Gregory Repas sold 2,750 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total value of $223,905.00. Following the completion of the transaction, the vice president now directly owns 2,266 shares of the company’s stock, valued at approximately $184,497.72. This represents a 54.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the transaction, the director now owns 247,437 shares of the company’s stock, valued at approximately $20,242,820.97. This trade represents a 16.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,392 shares of company stock valued at $4,898,101 in the last quarter. Company insiders own 23.80% of the company’s stock.

Institutional Trading of McCormick & Company, Incorporated

A number of institutional investors have recently modified their holdings of the company. Woodline Partners LP grew its holdings in shares of McCormick & Company, Incorporated by 40.9% during the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock worth $1,756,000 after buying an additional 6,189 shares in the last quarter. Empowered Funds LLC boosted its position in McCormick & Company, Incorporated by 19.0% during the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after acquiring an additional 941 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of McCormick & Company, Incorporated by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after acquiring an additional 925 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

About McCormick & Company, Incorporated

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.