McCormick & Company, Incorporated (MKC) Earning Somewhat Positive Media Coverage, Analysis Finds
News stories about McCormick & Company, Incorporated (NYSE:MKC) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. McCormick & Company, Incorporated earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.1729198137088 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- $1.48 Billion in Sales Expected for McCormick & Company, Incorporated (MKC) This Quarter (americanbankingnews.com)
- Inventure Foods (SNAK) and McCormick & Company, Incorporated (MKC) Head-To-Head Survey (americanbankingnews.com)
- What Analysts Are Recommending for McCormick Stock (finance.yahoo.com)
- What Analysts Expect for McCormick’s Earnings in Fiscal 2017 (finance.yahoo.com)
- Will McCormick Stock Gain from Its Strong Fiscal 2017 Finish? (finance.yahoo.com)
McCormick & Company, Incorporated (NYSE MKC) traded up $0.11 during midday trading on Monday, reaching $103.22. The company’s stock had a trading volume of 732,824 shares, compared to its average volume of 819,120. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.47. McCormick & Company, Incorporated has a 52 week low of $89.65 and a 52 week high of $106.50. The firm has a market cap of $13,500.00, a PE ratio of 28.59, a price-to-earnings-growth ratio of 2.33 and a beta of 0.53.
Several research firms have issued reports on MKC. Zacks Investment Research upgraded McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Citigroup boosted their target price on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $103.00 target price (up previously from $95.00) on shares of McCormick & Company, Incorporated in a research report on Monday, October 2nd. Credit Suisse Group boosted their target price on McCormick & Company, Incorporated from $108.00 to $112.00 and gave the stock an “outperform” rating in a research report on Monday, September 18th. Finally, Jefferies Group set a $120.00 target price on McCormick & Company, Incorporated and gave the stock a “buy” rating in a research report on Monday, October 30th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $106.67.
In related news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $99.50, for a total value of $497,500.00. Following the sale, the director now owns 18,825 shares in the company, valued at approximately $1,873,087.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Freeman A. Hrabowski III sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $98.68, for a total value of $296,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock worth $1,034,190 in the last quarter. 15.30% of the stock is currently owned by insiders.
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About McCormick & Company, Incorporated
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.
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