McCormick & Company, Incorporated (MKC) Earns Media Sentiment Rating of 0.15

Press coverage about McCormick & Company, Incorporated (NYSE:MKC) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. McCormick & Company, Incorporated earned a news impact score of 0.15 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.1977746741579 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

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

Several analysts have recently commented on MKC shares. Zacks Investment Research upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Tuesday. Jefferies Group reaffirmed a “buy” rating and set a $120.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, January 25th. Credit Suisse Group set a $115.00 price objective on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Stifel Nicolaus lifted their price objective on shares of McCormick & Company, Incorporated from $103.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday, January 26th. Finally, Sanford C. Bernstein raised their target price on shares of McCormick & Company, Incorporated from $113.00 to $118.00 and gave the stock a “market perform” rating in a report on Wednesday, March 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $111.89.

MKC opened at $105.67 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. McCormick & Company, Incorporated has a 1 year low of $90.25 and a 1 year high of $111.46. The firm has a market capitalization of $13,771.27, a P/E ratio of 23.45, a PEG ratio of 2.25 and a beta of 0.56.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Tuesday, March 27th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.09. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. McCormick & Company, Incorporated had a net margin of 16.04% and a return on equity of 23.39%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. equities research analysts forecast that McCormick & Company, Incorporated will post 4.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 9th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, April 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 48.83%.

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

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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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