News coverage about McCormick & Company, (NYSE:MKC) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. McCormick & Company, earned a news impact score of 0.03 on Accern’s scale. Accern also gave press coverage about the company an impact score of 33 out of 100, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- McCormick Announces Pricing of Common Stock Non-Voting Offering to Fund Part of its Acquisition of Reckitt … – Markets Insider (markets.businessinsider.com)
- McCormick Announces Pricing of Common Stock Non-Voting Offering to Fund Part of its Acquisition of Reckitt Benckiser’s Food Division (finance.yahoo.com)
- McCormick Announces Common Stock Non-Voting Offering to Fund Part of its Acquisition of Reckitt Benckiser’s Food … – Markets Insider (markets.businessinsider.com)
- Watching Historical Performance for McCormick & Company, Incorporated (NYSE:MKC) – Jonesboro Recorder (jonesbororecorder.com)
- McCormick launches $500 million stock offering (finance.yahoo.com)
A number of research analysts have recently issued reports on MKC shares. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Monday, June 19th. Edward Jones raised McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Credit Suisse Group set a $108.00 target price on McCormick & Company, and gave the company a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC raised McCormick & Company, from a “hold” rating to a “buy” rating and increased their target price for the company from $95.00 to $110.00 in a report on Friday, July 28th. Finally, BidaskClub downgraded McCormick & Company, from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $104.00.
McCormick & Company, (MKC) opened at 93.01 on Wednesday. The stock has a 50 day moving average price of $96.77 and a 200 day moving average price of $98.92. The company has a market cap of $11.59 billion, a P/E ratio of 24.70 and a beta of 0.52. McCormick & Company, has a 1-year low of $88.64 and a 1-year high of $106.50.
McCormick & Company, (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.06. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $0.75 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that McCormick & Company, will post $4.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 10th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 2.02%. McCormick & Company,’s dividend payout ratio is presently 49.87%.
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McCormick & Company, 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.
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