McCormick & Company, Incorporated (MKC) Given News Impact Score of 0.17

News coverage about McCormick & Company, Incorporated (NYSE:MKC) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. McCormick & Company, Incorporated earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.2069358541116 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

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A number of analysts have recently weighed in on MKC shares. Deutsche Bank lowered shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating and reduced their price target for the stock from $103.00 to $98.00 in a research note on Friday, January 19th. Zacks Investment Research upgraded shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Friday, December 29th. UBS boosted their target price on shares of McCormick & Company, Incorporated from $100.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Stifel Nicolaus boosted their target price on shares of McCormick & Company, Incorporated from $103.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, January 26th. Finally, Credit Suisse Group boosted their target price on shares of McCormick & Company, Incorporated from $120.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $111.89.

Shares of NYSE MKC traded down $1.68 during midday trading on Thursday, reaching $106.45. The company’s stock had a trading volume of 808,280 shares, compared to its average volume of 1,065,695. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 0.42. McCormick & Company, Incorporated has a one year low of $90.25 and a one year high of $111.46. The company has a market capitalization of $14,218.34, a P/E ratio of 24.99, a PEG ratio of 2.32 and a beta of 0.56.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, March 27th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.09. McCormick & Company, Incorporated had a net margin of 16.04% and a return on equity of 23.39%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. analysts anticipate that McCormick & Company, Incorporated will post 4.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.95%. McCormick & Company, Incorporated’s dividend payout ratio is currently 48.83%.

In other news, VP Michael R. Smith sold 2,575 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $107.96, for a total transaction of $277,997.00. Following the sale, the vice president now owns 17,312 shares in the company, valued at $1,869,003.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patricia A. Little sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $108.63, for a total transaction of $678,937.50. Following the sale, the director now owns 15,497 shares in the company, valued at approximately $1,683,439.11. The disclosure for this sale can be found here. 19.20% of the stock is owned by insiders.

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McCormick & Company, Incorporated 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.

Insider Buying and Selling by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

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