McCormick & Company, Incorporated (NYSE:MKC) Releases Earnings Results, Beats Estimates By $0.03 EPS

McCormick & Company, Incorporated (NYSE:MKC) announced its earnings results on Thursday. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03, Zacks reports. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. McCormick & Company, Incorporated updated its FY 2025 guidance to 3.030-3.080 EPS.

McCormick & Company, Incorporated Trading Up 1.4 %

Shares of McCormick & Company, Incorporated stock opened at $74.23 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.32. McCormick & Company, Incorporated has a 1 year low of $64.33 and a 1 year high of $85.49. The firm has a market cap of $19.92 billion, a PE ratio of 25.25, a PEG ratio of 3.28 and a beta of 0.75. The company has a 50 day simple moving average of $76.65 and a two-hundred day simple moving average of $77.98.

McCormick & Company, Incorporated Increases Dividend

The business 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. This is an increase 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%. The ex-dividend date was Monday, December 30th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 61.22%.

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $78.50, for a total value of $392,500.00. Following the transaction, the director now owns 40,436 shares of the company’s stock, valued at $3,174,226. This represents a 11.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 20,000 shares of company stock valued at $1,565,850 in the last quarter. Insiders own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

McCormick & Company, Incorporated Company Profile

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.