McCormick & Company, Incorporated (MKC) to Release Quarterly Earnings on Thursday

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, June 26th. Analysts expect McCormick & Company, Incorporated to post earnings of $0.67 per share and revenue of $1.67 billion for the quarter. McCormick & Company, Incorporated has set its FY25 guidance at $3.03-3.08 EPS and its FY 2025 guidance at 3.030-3.080 EPS.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. McCormick & Company, Incorporated had a return on equity of 14.63% and a net margin of 11.67%. McCormick & Company, Incorporated's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. On average, analysts expect McCormick & Company, Incorporated to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $73.15 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.65 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $19.62 billion, a PE ratio of 25.14, a P/E/G ratio of 3.67 and a beta of 0.68. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The company has a 50-day moving average price of $74.44 and a two-hundred day moving average price of $76.89.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.46%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is currently 61.86%.

Analyst Ratings Changes

A number of research firms have recently commented on MKC. UBS Group began coverage on shares of McCormick & Company, Incorporated in a research report on Monday. They issued a "neutral" rating and a $83.00 price objective for the company. Argus downgraded shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Citigroup decreased their target price on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $84.13.

Insider Activity

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 7,642 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $76.38, for a total value of $583,695.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the completion of the transaction, the director now directly owns 247,437 shares of the company's stock, valued at approximately $20,242,820.97. This trade represents a 16.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,392 shares of company stock worth $4,898,101. Corporate insiders own 23.80% of the company's stock.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of hedge funds have recently bought and sold shares of MKC. Empowered Funds LLC increased its position in shares of McCormick & Company, Incorporated by 19.0% during the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company's stock valued at $486,000 after purchasing an additional 941 shares during the last quarter. Woodline Partners LP grew its holdings in McCormick & Company, Incorporated by 40.9% during the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company's stock valued at $1,756,000 after buying an additional 6,189 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in McCormick & Company, Incorporated by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company's stock valued at $2,854,000 after buying an additional 925 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

About McCormick & Company, Incorporated

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.

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