McCormick & Company Incorporated (MKC) : The consensus on McCormick & Company Incorporated (MKC) based on 7 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
McCormick & Company Incorporated (MKC) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $113 and the lowest price target forecast is $93. The average forecast of all the analysts is $102.5 and the expected standard deviation is $8.35.
Company shares have received an average consensus rating of Hold for the current week McCormick & Company Incorporated (NYSE:MKC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $101.79 and $101.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.59, notching a gain of 0.07% for the day. The total traded volume was 496,775 . The stock had closed at $101.52 on the previous day.
In a related news,The director officer (Executive Vice President & CFO) of Mccormick & Co Inc, Stetz Gordon Mckenzie Jr sold 38,900 shares at $105.17 on July 13, 2016. The Insider selling transaction had a total value worth of $4,091,113. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry. The Company has two business segments: consumer and industrial. Under the Consumer segment, its brands in the Americas include McCormick, Lawrys and Club House. It also markets ethnic brands, such as Zatarains, Thai Kitchen and Simply Asia. In Europe, the Middle East and Africa (EMEA), its brands include the Ducros, Schwartz and Kamis brands of spices, herbs and seasonings, and a line of Vahine brand dessert items. In the Asia/Pacific region, it markets products under the McCormick and DaQiao brands. In Australia, it markets products under the McCormick brand. In India, its majority-owned joint venture owns and trades under the Kohinoor brand. In the industrial business segment, it offers seasoning blends, spices and herbs, condiments, coating systems and compound flavors to food manufacturers and foodservice customers.