News coverage about McCormick & Company, (NYSE:MKC) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. McCormick & Company, earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 90 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Jefferies Group Weighs in on McCormick & Company, Incorporated’s Q3 2017 Earnings (MKC) (americanbankingnews.com)
- Trading Monitor: Focusing on Shares of McCormick & Company, Incorporated (NYSE:MKC) – Sparta Review (spartareview.com)
- Ripe for A Big Move? Updates on McCormick & Company, Incorporated (NYSE:MKC), Mid-America Apartment … – FLBC News (flbcnews.com)
- McCormick & Company, Incorporated (MKC) registers a price change of 0.01% while Tenneco Inc. (TEN) finishes with … – Stocks Gallery (stocksgallery.com)
- Will Liberty Lunch be reborn at Stubb’s? Owners seek to protect iconic Austin name (finance.yahoo.com)
McCormick & Company, (MKC) traded up 1.35% during midday trading on Wednesday, reaching $97.55. The company had a trading volume of 80,076 shares. The firm has a market capitalization of $12.15 billion, a P/E ratio of 25.91 and a beta of 0.52. The stock’s 50 day moving average price is $102.31 and its 200-day moving average price is $98.43. McCormick & Company, has a one year low of $88.64 and a one year high of $107.03.
McCormick & Company, (NYSE:MKC) last posted its earnings results on Thursday, June 29th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. McCormick & Company,’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that McCormick & Company, will post $4.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Monday, July 10th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, July 6th. McCormick & Company,’s dividend payout ratio (DPR) is 49.87%.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Thursday, June 1st. Credit Suisse Group set a $108.00 target price on McCormick & Company, and gave the company a “buy” rating in a research report on Saturday, July 1st. BidaskClub lowered McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Edward Jones raised McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) began coverage on McCormick & Company, in a research note on Friday, June 16th. They set a “neutral” rating and a $101.00 price objective for the company. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $102.33.
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In related news, Director Maritza Gomez Montiel purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were purchased at an average price of $99.62 per share, with a total value of $249,050.00. Following the acquisition, the director now directly owns 2,500 shares in the company, valued at approximately $249,050. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 15.30% of the company’s stock.
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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