McCormick & Company, (MKC) Earning Somewhat Positive Media Coverage, Analysis Shows
News stories about McCormick & Company, (NYSE:MKC) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. McCormick & Company, earned a news impact score of 0.22 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.6855527060305 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Puzo Michael J Has $875000 Stake in McCormick & Company, Incorporated (MKC) (newstrendstoday.com)
- Clarkston Capital Partners LLC Boosts Stake in McCormick & Company, Incorporated (NYSE:MKC) (techkenyot.com)
- McCormick (MKC) to Fund Reckitt’s Food Business Acquisition (nasdaq.com)
- The Stock Driving Higher EPS Growth: McCormick & Company, Incorporated (MKC) (wisdomsave.com)
- McCormick & Company, Incorporated (NYSE:MKC) Shares Dip Under Moving Averages (ismboard.com)
Shares of McCormick & Company, (NYSE:MKC) opened at 96.75 on Wednesday. The stock has a 50 day moving average of $95.79 and a 200-day moving average of $99.08. McCormick & Company, has a 1-year low of $88.64 and a 1-year high of $106.50. The firm has a market capitalization of $12.05 billion, a P/E ratio of 25.70 and a beta of 0.52.
McCormick & Company, (NYSE:MKC) last issued its quarterly earnings data on Thursday, June 29th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.06. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. McCormick & Company,’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that McCormick & Company, will post $4.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 24th. Stockholders of record on Monday, July 10th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, July 6th. McCormick & Company,’s payout ratio is 49.87%.
A number of equities research analysts have issued reports on MKC shares. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a research note on Friday, May 19th. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Thursday, June 1st. Goldman Sachs Group, Inc. (The) started coverage on shares of McCormick & Company, in a research note on Friday, June 16th. They set a “neutral” rating and a $101.00 price objective on the stock. BidaskClub downgraded shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Credit Suisse Group AG set a $108.00 price objective on shares of McCormick & Company, and gave the stock a “buy” rating in a research note on Saturday, July 1st. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $104.00.
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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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