BidaskClub upgraded shares of McCormick & Company, Incorporated (NYSE:MKC) from a hold rating to a buy rating in a report released on Thursday.

Several other research firms have also recently weighed in on MKC. Zacks Investment Research cut shares of McCormick & Company, from a buy rating to a hold rating in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of McCormick & Company, in a research report on Friday, June 16th. They set a neutral rating and a $101.00 price objective on the stock. Jefferies Group LLC reiterated a hold rating and set a $95.00 price objective on shares of McCormick & Company, in a research report on Friday, May 19th. Credit Suisse Group set a $108.00 price objective on shares of McCormick & Company, and gave the stock a buy rating in a research report on Saturday, July 1st. Finally, Edward Jones upgraded shares of McCormick & Company, from a hold rating to a buy rating in a research report on Tuesday, July 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $104.00.

McCormick & Company, (NYSE MKC) opened at 94.91 on Thursday. The stock has a market cap of $11.83 billion, a P/E ratio of 25.21 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 company’s 50-day moving average price is $95.65 and its 200-day moving average price is $99.09.

McCormick & Company, (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.06. The company had revenue of $1.11 billion for 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 firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Equities analysts forecast that McCormick & Company, will post $4.14 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the stock. FNY Managed Accounts LLC bought a new position in McCormick & Company, during the first quarter valued at approximately $135,000. Harfst & Associates Inc. bought a new position in McCormick & Company, during the first quarter valued at approximately $139,000. Van ECK Associates Corp boosted 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. BlueMountain Capital Management LLC boosted its position in McCormick & Company, by 1,600.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock valued at $167,000 after buying an additional 1,616 shares in the last quarter. Finally, IFP Advisors Inc boosted 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. Institutional investors and hedge funds own 73.69% 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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