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

McCormick & Company, Incorporated (NYSE:MKC) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 3.030-3.080 for the period, compared to the consensus EPS estimate of 3.020. The company issued revenue guidance of -, compared to the consensus revenue estimate of $6.8 billion.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $73.65 on Thursday. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $86.24. 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 stock has a market cap of $19.75 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 3.76 and a beta of 0.68. The business has a fifty day simple moving average of $74.28 and a 200-day simple moving average of $76.75.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 26th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. McCormick & Company, Incorporated had a return on equity of 14.63% and a net margin of 11.67%. During the same quarter last year, the firm posted $0.69 earnings per share. On average, sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.44%. McCormick & Company, Incorporated’s payout ratio is 61.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Argus downgraded McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. UBS Group began coverage on shares of McCormick & Company, Incorporated in a report on Monday, June 16th. They set a “neutral” rating and a $83.00 price target on the stock. Finally, Citigroup decreased their price objective on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and a consensus price target of $84.13.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $20,242,820.97. This represents a 16.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Katherine Jenkins sold 7,642 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $76.38, for a total value of $583,695.96. The disclosure for this sale can be found here. Insiders sold a total of 60,392 shares of company stock worth $4,898,101 in the last ninety days. 23.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several large investors have recently modified their holdings of MKC. Woodline Partners LP grew its position in McCormick & Company, Incorporated by 40.9% in the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after acquiring an additional 6,189 shares during the period. Empowered Funds LLC boosted its stake in shares of McCormick & Company, Incorporated by 19.0% in 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of McCormick & Company, Incorporated by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after purchasing an additional 925 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors.

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.