McCormick & Company Incorporated (MKC) was Resumed by Credit Suisse to “Neutral” and the brokerage firm has set the Price Target at $95. Credit Suisse advised their investors in a research report released on Apr 20, 2016.
Many Wall Street Analysts have commented on McCormick & Company Incorporated. McCormick & Company Incorporated was Downgraded by BB&T Capital Mkts to ” Hold” on Feb 18, 2016.
On the company’s financial health, McCormick & Company Incorporated reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 29, 2016. Analyst had a consensus of $0.69. The company had revenue of $1030.20 million for the quarter, compared to analysts expectations of $1029.63 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
McCormick & Company Incorporated opened for trading at $95.05 and hit $95.22 on the upside on Monday, eventually ending the session at $95.08, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 12,30,094 shares. Company has a market cap of $12,068 M.
In a different news, on Jul 14, 2015, Gordon Mckenzie Jr Stetz (Executive Vice President & CFO) sold 23,094 shares at $79.70 per share price.
McCormick & Company Incorporated manufactures markets and distributes spices seasoning mixes condiments and other flavorful products to the food industry. The Company has two business segments: consumer and industrial. Under the Consumer segment its brands in the Americas include McCormick Lawry’s and Club House. It also markets ethnic brands such as Zatarain’s Thai Kitchen and Simply Asia. In Europe the Middle East and Africa (EMEA) its brands include the Ducros Schwartz and Kamis brands of spices herbs and seasonings and a line of Vahine brand dessert items. In the Asia/Pacific region it markets products under the McCormick and DaQiao brands. In Australia it markets products under the McCormick brand. In India its majority-owned joint venture owns and trades under the Kohinoor brand. In the industrial business segment it offers seasoning blends spices and herbs condiments coating systems and compound flavors to food manufacturers and foodservice customers.