McCormick & Company, Incorporated (NYSE:MKC) Issues FY 2025 Earnings Guidance

Key Points

• McCormick & Company issued FY 2025 earnings guidance, projecting EPS between 3.000-3.050 and revenue of $6.7 billion-$6.9 billion, slightly above consensus estimates.
• The company will pay a quarterly dividend of $0.45 per share on October 27th, representing a 2.6% yield and a 62.50% payout ratio.
• Recent analyst ratings show a mixed outlook, with three analysts giving a Buy rating and six maintaining a Hold rating, reflecting a cautious sentiment towards the stock.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.000-3.050 for the period, compared to the consensus estimate of 3.040. The company issued revenue guidance of $6.7 billion-$6.9 billion, compared to the consensus revenue estimate of $6.8 billion.

McCormick & Company, Incorporated Price Performance

MKC stock opened at $68.30 on Tuesday. McCormick & Company, Incorporated has a one year low of $63.66 and a one year high of $86.24. The firm has a 50-day moving average of $68.95 and a two-hundred day moving average of $72.74. The firm has a market capitalization of $18.33 billion, a PE ratio of 23.72, a P/E/G ratio of 3.42 and a beta of 0.63. The company has a current ratio of 0.68, a quick ratio of 0.27 and a debt-to-equity ratio of 0.55.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its earnings results on Tuesday, October 7th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. McCormick & Company, Incorporated had a net margin of 11.50% and a return on equity of 14.43%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.83 earnings per share. McCormick & Company, Incorporated has set its FY 2025 guidance at 3.000-3.050 EPS. On average, analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, October 14th. McCormick & Company, Incorporated's payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MKC shares. UBS Group decreased their target price on McCormick & Company, Incorporated from $79.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reissued a "hold (c)" rating on shares of McCormick & Company, Incorporated in a research note on Saturday, September 27th. Stifel Nicolaus lowered their target price on McCormick & Company, Incorporated from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. JPMorgan Chase & Co. dropped their target price on McCormick & Company, Incorporated from $83.00 to $82.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Finally, Wall Street Zen lowered shares of McCormick & Company, Incorporated from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, McCormick & Company, Incorporated has an average rating of "Hold" and an average target price of $80.29.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MKC. AQR Capital Management LLC raised its stake in shares of McCormick & Company, Incorporated by 11.5% during the 2nd quarter. AQR Capital Management LLC now owns 642,437 shares of the company's stock worth $48,710,000 after purchasing an additional 66,060 shares in the last quarter. Corient Private Wealth LLC increased its holdings in McCormick & Company, Incorporated by 6.0% in the second quarter. Corient Private Wealth LLC now owns 496,100 shares of the company's stock worth $37,614,000 after buying an additional 28,145 shares during the last quarter. California State Teachers Retirement System raised its position in McCormick & Company, Incorporated by 5.5% during the second quarter. California State Teachers Retirement System now owns 474,704 shares of the company's stock valued at $35,992,000 after acquiring an additional 24,671 shares in the last quarter. Holocene Advisors LP raised its position in McCormick & Company, Incorporated by 494.2% during the second quarter. Holocene Advisors LP now owns 382,351 shares of the company's stock valued at $28,990,000 after acquiring an additional 318,001 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in McCormick & Company, Incorporated by 0.6% in the second quarter. Canada Pension Plan Investment Board now owns 307,097 shares of the company's stock valued at $23,284,000 after acquiring an additional 1,842 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

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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