Jefferies Group LLC reaffirmed their hold rating on shares of McCormick & Company, Incorporated (NYSE:MKC) in a research note released on Thursday morning. They currently have a $95.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut McCormick & Company, from a buy rating to a hold rating in a research report on Wednesday, June 28th. Edward Jones raised McCormick & Company, from a hold rating to a buy rating in a research report on Thursday, April 6th. J P Morgan Chase & Co raised McCormick & Company, from an underweight rating to a neutral rating and increased their price objective for the company from $91.00 to $96.00 in a research report on Wednesday, April 5th. Goldman Sachs Group, Inc. (The) initiated coverage on McCormick & Company, in a research report on Friday, June 16th. They issued a neutral rating and a $101.00 price objective for the company. Finally, BidaskClub cut McCormick & Company, from a buy rating to a hold rating in a research report on Friday, June 30th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $104.00.

Shares of McCormick & Company, (NYSE MKC) traded down 0.21% during mid-day trading on Thursday, hitting $95.32. 486,039 shares of the company were exchanged. The stock has a market cap of $11.88 billion, a PE ratio of 25.32 and a beta of 0.52. McCormick & Company, has a 12-month low of $88.64 and a 12-month high of $106.50. The stock’s 50-day moving average price is $98.17 and its 200 day moving average price is $98.81.

McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, equities analysts anticipate that McCormick & Company, will post $4.08 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders 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 yield of 1.97%. McCormick & Company,’s dividend payout ratio is currently 49.87%.

In related news, Director Maritza Gomez Montiel acquired 2,500 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was purchased at an average cost of $99.62 per share, for a total transaction of $249,050.00. Following the completion of the purchase, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $249,050. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 15.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MKC. FNY Managed Accounts LLC bought a new position in McCormick & Company, during the first quarter valued at about $135,000. Harfst & Associates Inc. bought a new position in McCormick & Company, during the first quarter valued at about $139,000. Van ECK Associates Corp raised its position in McCormick & Company, by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock valued at $165,000 after buying an additional 109 shares in the last quarter. IFP Advisors Inc raised its position in McCormick & Company, by 28.4% in the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after buying an additional 395 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in McCormick & Company, by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,995 shares of the company’s stock valued at $195,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 73.73% 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.

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

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