McCormick & Company, Incorporated (NYSE:MKC) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $102.75.

Several research analysts have weighed in on the stock. BidaskClub raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Thursday, June 1st. Credit Suisse Group set a $108.00 target price on shares of McCormick & Company, and gave the stock a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 target price on shares of McCormick & Company, in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) assumed 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.

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McCormick & Company, (MKC) traded up 0.14% during mid-day trading on Tuesday, reaching $94.91. 812,107 shares of the company’s stock traded hands. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 25.24 and a beta of 0.52. The firm’s 50-day moving average price is $95.65 and its 200 day moving average price is $99.09. McCormick & Company, has a one year low of $88.64 and a one year high of $106.50.

McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, June 29th. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.06. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. McCormick & Company,’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. On average, equities analysts forecast that McCormick & Company, will post $4.14 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of McCormick & Company, by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock valued at $1,195,875,000 after buying an additional 301,377 shares during the period. BlackRock Inc. boosted its stake in shares of McCormick & Company, by 956.5% in the first quarter. BlackRock Inc. now owns 10,405,413 shares of the company’s stock valued at $1,015,049,000 after buying an additional 9,420,526 shares during the period. State Street Corp boosted its stake in shares of McCormick & Company, by 5.4% in the first quarter. State Street Corp now owns 7,256,472 shares of the company’s stock valued at $707,872,000 after buying an additional 368,990 shares during the period. Parnassus Investments CA boosted its stake in shares of McCormick & Company, by 14.7% in the first quarter. Parnassus Investments CA now owns 2,426,180 shares of the company’s stock valued at $230,627,000 after buying an additional 310,021 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of McCormick & Company, by 6.6% in the first quarter. Geode Capital Management LLC now owns 1,207,462 shares of the company’s stock valued at $117,631,000 after buying an additional 74,953 shares during the period. 73.69% of the stock is currently owned by hedge funds and other institutional investors.

About McCormick & Company,

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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