MCCORMICK & CO /SH NV (MKC) Receives Average Recommendation of “Hold” from Brokerage

Shares of MCCORMICK & CO /SH NV (NYSE:MKC) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $125.29.

MKC has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $150.00 price target on shares of MCCORMICK & CO /SH in a research note on Monday, January 28th. Credit Suisse Group reiterated a “neutral” rating and issued a $150.00 price objective (up from $137.00) on shares of MCCORMICK & CO /SH in a research report on Friday, November 9th. Deutsche Bank upgraded MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Zacks Investment Research lowered MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Finally, Consumer Edge upgraded MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 25th.

Get MCCORMICK & CO /SH alerts:

Hedge funds have recently modified their holdings of the company. Highstreet Asset Management Inc. boosted its position in shares of MCCORMICK & CO /SH by 1.9% during the fourth quarter. Highstreet Asset Management Inc. now owns 4,282 shares of the company’s stock valued at $596,000 after purchasing an additional 80 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of MCCORMICK & CO /SH by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,301 shares of the company’s stock valued at $738,000 after purchasing an additional 93 shares in the last quarter. Stone Ridge Asset Management LLC boosted its position in shares of MCCORMICK & CO /SH by 1.0% during the fourth quarter. Stone Ridge Asset Management LLC now owns 10,371 shares of the company’s stock valued at $1,444,000 after purchasing an additional 100 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of MCCORMICK & CO /SH by 6.2% during the fourth quarter. Cetera Advisors LLC now owns 1,706 shares of the company’s stock valued at $238,000 after purchasing an additional 100 shares in the last quarter. Finally, Comerica Securities Inc. boosted its position in shares of MCCORMICK & CO /SH by 1.8% during the fourth quarter. Comerica Securities Inc. now owns 6,204 shares of the company’s stock valued at $867,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

MCCORMICK & CO /SH stock traded up $0.68 during trading hours on Friday, reaching $136.66. The company had a trading volume of 411,933 shares, compared to its average volume of 1,550,563. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.74 and a quick ratio of 0.35. The stock has a market capitalization of $18.03 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 2.87 and a beta of 0.22. MCCORMICK & CO /SH has a 12-month low of $99.53 and a 12-month high of $156.00.

MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 24th. The company reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.03). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.55 billion. MCCORMICK & CO /SH had a return on equity of 21.34% and a net margin of 17.26%. MCCORMICK & CO /SH’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm earned $1.54 earnings per share. Sell-side analysts expect that MCCORMICK & CO /SH will post 5.25 earnings per share for the current fiscal year.

About MCCORMICK & CO /SH

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

Featured Story: How does the Federal Reserve determine interest rates?