McCormick & Company, Incorporated (NYSE:MKC) had its price target boosted by equities research analysts at Credit Suisse Group from $108.00 to $112.00 in a note issued to investors on Monday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 13.21% from the stock’s current price.

Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of McCormick & Company, from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Edward Jones raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of McCormick & Company, in a research note on Friday, June 16th. They set a “neutral” rating and a $101.00 target price for the company. Jefferies Group LLC raised shares of McCormick & Company, from a “hold” rating to a “buy” rating and boosted their target price for the company from $95.00 to $110.00 in a research note on Friday, July 28th. Finally, BidaskClub lowered shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $103.50.

McCormick & Company, (MKC) traded down 0.01% on Monday, reaching $98.93. 870,575 shares of the company traded hands. McCormick & Company, has a 12 month low of $88.64 and a 12 month high of $106.50. The company has a 50-day moving average price of $96.30 and a 200-day moving average price of $99.05. The company has a market capitalization of $12.33 billion, a P/E ratio of 26.28 and a beta of 0.52.

McCormick & Company, (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 29th. The company reported $0.82 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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts expect that McCormick & Company, will post $4.13 EPS for the current year.

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Several large investors have recently modified their holdings of MKC. FNY Managed Accounts LLC acquired a new stake in shares of McCormick & Company, in the 1st quarter worth approximately $135,000. Harfst & Associates Inc. acquired a new stake in shares of McCormick & Company, in the 1st quarter worth approximately $139,000. Van ECK Associates Corp lifted its stake in shares of McCormick & Company, by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock worth $165,000 after acquiring an additional 109 shares during the period. BlueMountain Capital Management LLC lifted its stake in shares of McCormick & Company, by 1,600.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock worth $167,000 after acquiring an additional 1,616 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of McCormick & Company, by 28.4% in the 2nd quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock worth $174,000 after acquiring an additional 395 shares during the period. 72.74% of the stock is owned by institutional investors.

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.

Analyst Recommendations for McCormick & Company, (NYSE:MKC)

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