MCCORMICK & CO /SH (NYSE:MKC) had its price target raised by Deutsche Bank from $156.00 to $182.00 in a research note released on Friday, The Fly reports. They currently have a hold rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Credit Suisse Group upgraded MCCORMICK & CO /SH from a neutral rating to an outperform rating and boosted their price objective for the company from $147.00 to $187.00 in a research note on Thursday, May 14th. Bank of America cut MCCORMICK & CO /SH from a neutral rating to an underperform rating and lowered their price objective for the company from $175.00 to $140.00 in a research note on Thursday, March 19th. Stifel Nicolaus decreased their price target on MCCORMICK & CO /SH from $155.00 to $130.00 and set a hold rating on the stock in a research report on Wednesday, April 1st. UBS Group upgraded MCCORMICK & CO /SH to a buy rating and set a $160.00 price target on the stock in a research report on Friday, May 15th. Finally, Zacks Investment Research upgraded MCCORMICK & CO /SH from a hold rating to a buy rating and set a $169.00 price target on the stock in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. MCCORMICK & CO /SH currently has a consensus rating of Hold and an average target price of $154.90.

Shares of NYSE:MKC opened at $179.38 on Friday. MCCORMICK & CO /SH has a fifty-two week low of $112.22 and a fifty-two week high of $182.92. The company’s 50-day moving average is $172.45 and its 200 day moving average is $161.09. The company has a market capitalization of $23.42 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 6.22 and a beta of 0.36. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.33 and a current ratio of 0.74.

MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 25th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.31. MCCORMICK & CO /SH had a return on equity of 21.58% and a net margin of 13.74%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the business posted $1.16 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts predict that MCCORMICK & CO /SH will post 5.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, July 2nd. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is 46.36%.

Several hedge funds have recently bought and sold shares of MKC. Ellevest Inc. increased its position in shares of MCCORMICK & CO /SH by 126.5% in the first quarter. Ellevest Inc. now owns 256 shares of the company’s stock worth $36,000 after purchasing an additional 143 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of MCCORMICK & CO /SH in the first quarter worth approximately $37,000. Total Clarity Wealth Management Inc. bought a new position in shares of MCCORMICK & CO /SH in the fourth quarter worth approximately $38,000. Pacitti Group Inc. bought a new position in shares of MCCORMICK & CO /SH in the fourth quarter worth approximately $51,000. Finally, Ancora Advisors LLC bought a new position in shares of MCCORMICK & CO /SH in the fourth quarter worth approximately $51,000. Institutional investors own 75.93% of the company’s stock.

MCCORMICK & CO /SH Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Analyst Recommendations for MCCORMICK & CO /SH (NYSE:MKC)

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