McCormick & Company, Incorporated (MKC) Expected to Announce Quarterly Earnings on Thursday

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) is expected to be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect McCormick & Company, Incorporated to post earnings of $0.77 per share and revenue of $1,774,680.00 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

McCormick & Company, Incorporated Trading Up 1.3 %

NYSE:MKC opened at $74.29 on Wednesday. The company’s 50 day moving average is $76.75 and its 200-day moving average is $77.99. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. McCormick & Company, Incorporated has a 12 month low of $64.07 and a 12 month high of $85.49. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 3.24 and a beta of 0.75.

McCormick & Company, Incorporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 2.42%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.22%.

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $78.33, for a total value of $391,650.00. Following the sale, the director now owns 28,217 shares of the company’s stock, valued at $2,210,237.61. The trade was a 15.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on MKC shares. Bank of America boosted their target price on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $91.00 in a report on Monday, December 9th. JPMorgan Chase & Co. dropped their price target on McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus increased their price objective on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.63.

Read Our Latest Stock Report on MKC

About McCormick & Company, Incorporated

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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.

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Earnings History for McCormick & Company, Incorporated (NYSE:MKC)

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