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

McCormick & Company, Incorporated (NYSE:MKC) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 3.030-3.080 for the period, compared to the consensus earnings per share estimate of 3.110. The company issued revenue guidance of $6.7 billion-$6.9 billion, compared to the consensus revenue estimate of $6.9 billion.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC opened at $75.61 on Thursday. McCormick & Company, Incorporated has a 12-month low of $64.33 and a 12-month high of $85.49. The company has a market cap of $20.29 billion, a PE ratio of 24.93, a P/E/G ratio of 3.28 and a beta of 0.75. The stock has a 50 day simple moving average of $76.65 and a 200-day simple moving average of $77.98. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 2.92 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were issued a $0.45 dividend. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.38%. McCormick & Company, Incorporated’s dividend payout ratio is 61.22%.

Wall Street Analyst Weigh In

MKC has been the subject of several research reports. BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus upped their price target on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. Finally, Bank of America boosted their price objective on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.63.

Insider Buying and Selling

In other news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $78.33, for a total transaction of $391,650.00. Following the transaction, the director now owns 28,217 shares in the company, valued at $2,210,237.61. This represents a 15.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 20,000 shares of company stock worth $1,565,850. Corporate insiders own 22.90% 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.