McCormick & Company, Incorporated (NYSE:MKC) Updates FY 2025 Earnings Guidance

McCormick & Company, Incorporated (NYSE:MKC) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 3.030-3.080 for the period, compared to the consensus EPS estimate of 3.020. The company issued revenue guidance of -, compared to the consensus revenue estimate of $6.8 billion.

McCormick & Company, Incorporated Price Performance

NYSE:MKC opened at $77.63 on Friday. McCormick & Company, Incorporated has a 52 week low of $69.00 and a 52 week high of $86.24. The firm has a market cap of $20.82 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 3.70 and a beta of 0.68. The firm’s 50-day simple moving average is $74.32 and its 200 day simple moving average is $76.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.25 and a current ratio of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, June 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. McCormick & Company, Incorporated had a net margin of 11.67% and a return on equity of 14.63%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, July 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.32%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.86%.

Analysts Set New Price Targets

MKC has been the topic of several analyst reports. Citigroup reduced their target price on McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, June 17th. Argus cut shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, UBS Group began coverage on shares of McCormick & Company, Incorporated in a research note on Monday, June 16th. They set a “neutral” rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $84.13.

Insider Buying and Selling

In related news, VP Gregory Repas sold 2,750 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the completion of the transaction, the vice president now directly owns 2,266 shares in the company, valued at $184,497.72. This represents a 54.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katherine Jenkins sold 7,642 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $76.38, for a total transaction of $583,695.96. The disclosure for this sale can be found here. Insiders sold a total of 60,392 shares of company stock worth $4,898,101 in the last ninety days. 23.80% of the stock is owned by insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in McCormick & Company, Incorporated by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after purchasing an additional 925 shares in the last quarter. Woodline Partners LP grew its holdings in shares of McCormick & Company, Incorporated by 40.9% during the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock worth $1,756,000 after purchasing an additional 6,189 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of McCormick & Company, Incorporated by 19.0% during the first quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after purchasing an additional 941 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Company Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.