McCormick & Company, Incorporated (NYSE:MKC) has been given a $115.00 target price by equities research analysts at Jefferies Group LLC in a research report issued on Saturday. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 17.13% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Edward Jones upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Credit Suisse Group set a $108.00 target price on McCormick & Company, and gave the company a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 target price (up previously from $95.00) on shares of McCormick & Company, in a research note on Monday, October 2nd. Finally, Citigroup Inc. lifted their target price on McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $105.50.

Shares of McCormick & Company, (NYSE MKC) opened at 98.18 on Friday. The firm has a market capitalization of $12.23 billion, a PE ratio of 26.08 and a beta of 0.53. McCormick & Company, has a 52-week low of $88.64 and a 52-week high of $106.50. The stock’s 50 day moving average is $97.45 and its 200 day moving average is $98.87.

McCormick & Company, (NYSE:MKC) last announced its quarterly earnings results on Thursday, September 28th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. On average, equities research analysts forecast that McCormick & Company, will post $4.22 EPS for the current year.

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In other McCormick & Company, news, VP Michael R. Smith sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $102.60, for a total value of $564,300.00. Following the completion of the transaction, the vice president now directly owns 19,248 shares of the company’s stock, valued at $1,974,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 301,377 shares during the period. BlackRock Inc. lifted its holdings in 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 acquiring an additional 9,420,526 shares during the period. State Street Corp lifted its holdings in 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 acquiring an additional 368,990 shares during the period. Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 74,953 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in McCormick & Company, by 19.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,067,062 shares of the company’s stock valued at $104,049,000 after acquiring an additional 177,210 shares during the period. 72.74% of the stock is owned by 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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