McCormick & Company, Incorporated (NYSE:MKC) has been given an average rating of “Buy” by the ten analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $103.14.

Several brokerages recently issued reports on MKC. Credit Suisse Group raised their target price on shares of McCormick & Company, from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Monday. Jefferies Group LLC restated a “buy” rating and issued a $110.00 target price on shares of McCormick & Company, in a report on Thursday, August 31st. Zacks Investment Research cut shares of McCormick & Company, from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Finally, Edward Jones upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th.

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McCormick & Company, (NYSE:MKC) traded down 0.95% during midday trading on Friday, hitting $96.79. 336,191 shares of the company were exchanged. The stock has a 50 day moving average of $96.50 and a 200-day moving average of $99.04. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 25.71 and a beta of 0.52. McCormick & Company, has a 1-year low of $88.64 and a 1-year high of $106.50.

McCormick & Company, (NYSE:MKC) last issued its earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.06. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts expect that McCormick & Company, will post $4.13 earnings per share for the current year.

Several institutional investors have recently modified their holdings of MKC. BlackRock Inc. boosted its stake in shares of McCormick & Company, by 956.5% during the 1st quarter. BlackRock Inc. now owns 10,405,413 shares of the company’s stock worth $1,015,049,000 after acquiring an additional 9,420,526 shares during the last quarter. Pioneer Investment Management Inc. boosted its stake in shares of McCormick & Company, by 630.5% during the 1st quarter. Pioneer Investment Management Inc. now owns 865,785 shares of the company’s stock worth $84,457,000 after acquiring an additional 747,268 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of McCormick & Company, during the 1st quarter worth $72,060,000. Harbour Capital Advisors LLC boosted its stake in shares of McCormick & Company, by 22,166.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 722,549 shares of the company’s stock worth $7,410,000 after acquiring an additional 719,304 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of McCormick & Company, by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 11,962,754 shares of the company’s stock worth $1,166,965,000 after acquiring an additional 420,241 shares during the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

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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