Analyst Rating Update on McCormick & Company Incorporated (MKC)

McCormick & Company Incorporated (NYSE:MKC) : Zacks Investment Research ranks McCormick & Company Incorporated (NYSE:MKC) as 3, which is a Hold recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3.25, which indicates as a Hold.

McCormick & Company Incorporated (NYSE:MKC) : The most positive equity analysts on McCormick & Company Incorporated (NYSE:MKC) expects the shares to touch $110, whereas, the least positive believes that the stock will trade at $76 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $91.2 with an expected fluctuation of $13.59 from the mean.

Company shares have received an average consensus rating of Hold for the current week

McCormick & Company Incorporated (NYSE:MKC): stock turned positive on Tuesday. Though the stock opened at $102.15, the bulls momentum made the stock top out at $102.23 level for the day. The stock recorded a low of $100.97 and closed the trading day at $102.02, in the green by 0.36%. The total traded volume for the day was 859,151. The stock had closed at $101.65 in the previous days trading.

In an insider trading activity, The officer (Sr. VP Corp Strategy & Develop), of Mccormick & Co Inc, Rimmer Nneka Louise had unloaded 560 shares at $96 per share in a transaction on May 19, 2016. The total value of transaction was $53,760. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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, Lawrys and Club House. It also markets ethnic brands, such as Zatarains, 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.