McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $60.50.
A number of analysts recently issued reports on the stock. BTIG Research began coverage on shares of McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Stifel Nicolaus decreased their price objective on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. BNP Paribas Exane dropped their price objective on shares of McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Finally, HSBC cut their target price on shares of McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th.
Check Out Our Latest Research Report on MKC
Institutional Investors Weigh In On McCormick & Company, Incorporated
McCormick & Company, Incorporated Price Performance
MKC stock opened at $52.45 on Monday. The stock has a 50-day moving average price of $48.44 and a two-hundred day moving average price of $56.88. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $73.84. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The company has a market cap of $14.10 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 2.63 and a beta of 0.63.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current year.
McCormick & Company, Incorporated Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 6th will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.92 annualized dividend and a yield of 3.7%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 31.95%.
About McCormick & Company, Incorporated
McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.
McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.
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