McCormick & Company (MKC) Gets a Hold Rating from Stifel Nicolaus
According to TipRanks.com, Growe is a 4-star analyst with an average return of 7.1% and a 65.6% success rate. Growe covers the Consumer Goods sector, focusing on stocks such as The Hershey Company, TreeHouse Foods, and Philip Morris.
McCormick & Company has an analyst consensus of Hold, with a price target consensus of $86.50, a 2.2% upside from current levels. In a report issued on June 27, Credit Suisse also maintained a Hold rating on the stock with a $95.00 price target.See Insiders’ Hot Stocks on TipRanks >> Based on McCormick & Companys latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $1.54 billion and net profit of $119 million. In comparison, last year the company earned revenue of $1.56 billion and had a net profit of $184 million. Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MKC in relation to earlier this year. Most recently, in April 2022, Michael R. Smith, the EVP & CFO of MKC sold 19,986 shares for a total of $2,079,343. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Founded in 1889, McCormick & Co., Inc. is a Maryland-based food company, which is engaged 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 following two segments: Consumer and Flavor Solutions. Read More on MKC:
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