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

McCormick & Company, Incorporated (NYSE:MKC) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 3.000-3.050 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MKC shares. Citigroup reduced their price target on McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, June 17th. Jefferies Financial Group reduced their target price on McCormick & Company, Incorporated from $90.00 to $84.00 and set a “buy” rating for the company in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of McCormick & Company, Incorporated in a research report on Saturday, September 27th. Wall Street Zen downgraded McCormick & Company, Incorporated from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, Stifel Nicolaus dropped their price target on shares of McCormick & Company, Incorporated from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $80.29.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $68.30 on Tuesday. McCormick & Company, Incorporated has a twelve month low of $63.66 and a twelve month high of $86.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.27 and a current ratio of 0.68. The stock 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 stock has a 50-day simple moving average of $68.95 and a 200 day simple moving average of $72.74.

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

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.6%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 62.50%.

Institutional Trading of McCormick & Company, Incorporated

Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC grew its position in McCormick & Company, Incorporated by 25.5% in the 2nd quarter. Advisory Services Network LLC now owns 4,887 shares of the company’s stock worth $345,000 after purchasing an additional 993 shares during the last quarter. Nomura Holdings Inc. lifted its stake in shares of McCormick & Company, Incorporated by 101.7% in the second quarter. Nomura Holdings Inc. now owns 5,462 shares of the company’s stock valued at $414,000 after buying an additional 324,677 shares during the period. Geneos Wealth Management Inc. grew its position in McCormick & Company, Incorporated by 24.8% during the second quarter. Geneos Wealth Management Inc. now owns 2,071 shares of the company’s stock worth $157,000 after buying an additional 411 shares in the last quarter. Parr Mcknight Wealth Management Group LLC grew its position in McCormick & Company, Incorporated by 2.6% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 16,869 shares of the company’s stock worth $1,279,000 after buying an additional 427 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in McCormick & Company, Incorporated during the second quarter valued at about $64,000. 79.74% of the stock is 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.