McCormick & Company, Incorporated (NYSE:MKC) Earns Sell Rating from Analysts at UBS Group

UBS Group assumed coverage on shares of McCormick & Company, Incorporated (NYSE:MKC – Get Rating) in a report published on Friday, The Fly reports. The brokerage issued a sell rating and a $71.00 price objective on the stock.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their price target on McCormick & Company, Incorporated from $83.00 to $74.00 and set a hold rating on the stock in a research note on Friday, January 27th. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $66.00 to $63.00 and set an underweight rating for the company in a research report on Friday, January 27th. Exane BNP Paribas started coverage on McCormick & Company, Incorporated in a research report on Tuesday, November 15th. They issued an outperform rating and a $94.00 price objective for the company. Sanford C. Bernstein upgraded McCormick & Company, Incorporated from a market perform rating to an outperform rating and set a $90.00 price objective for the company in a research report on Friday, January 27th. Finally, BNP Paribas started coverage on McCormick & Company, Incorporated in a research report on Tuesday, November 15th. They issued an outperform rating and a $94.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $81.14.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock opened at $70.95 on Friday. The stock’s fifty day simple moving average is $76.84 and its 200 day simple moving average is $79.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.70 and a quick ratio of 0.30. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 3.93 and a beta of 0.56. McCormick & Company, Incorporated has a one year low of $70.69 and a one year high of $105.19.

McCormick & Company, Incorporated (NYSE:MKC – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.13). The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.77 billion. McCormick & Company, Incorporated had a net margin of 10.74% and a return on equity of 14.76%. McCormick & Company, Incorporated’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. On average, analysts expect that McCormick & Company, Incorporated will post 2.61 earnings per share for the current fiscal year.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $75.00, for a total transaction of $375,000.00. Following the completion of the sale, the director now owns 38,137 shares in the company, valued at $2,860,275. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 19.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd grew its stake in shares of McCormick & Company, Incorporated by 859.5% during the second quarter. WINTON GROUP Ltd now owns 24,716 shares of the company’s stock worth $2,058,000 after purchasing an additional 22,140 shares during the period. Strategy Asset Managers LLC acquired a new position in McCormick & Company, Incorporated in the third quarter valued at about $219,000. AIA Group Ltd grew its stake in McCormick & Company, Incorporated by 146.8% in the second quarter. AIA Group Ltd now owns 1,540 shares of the company’s stock valued at $128,000 after acquiring an additional 916 shares during the period. Swiss National Bank grew its stake in McCormick & Company, Incorporated by 0.3% in the second quarter. Swiss National Bank now owns 1,083,231 shares of the company’s stock valued at $90,179,000 after acquiring an additional 3,200 shares during the period. Finally, Deutsche Bank AG grew its stake in McCormick & Company, Incorporated by 2.5% in the second quarter. Deutsche Bank AG now owns 772,265 shares of the company’s stock valued at $64,291,000 after acquiring an additional 19,098 shares during the period. 79.15% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Company Profile

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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.