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McCormick & Company Inc Add to portfolio

INX:MKC, Sep 30, 03:11 UTC

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Mid-Morning Market Update: Markets Mostly Flat; McCormick Tops Q3 Views

MKC

Following the market opening Tuesday, the Dow traded down 0.02% to 27577.74 while the NASDAQ rose 0.24% to 11143.90. India confirmed a total of at least 6,145,290 confirmed cases and 96,310 deaths, while Brazil reported over 4,745,460 COVID-19 cases with 142,050 deaths. McCormick said it expects FY20 adjusted EPS of $5.64 to $5.72 per share, versus analysts’ estimates of $5.76 per share. U.S. Energy Corp. (NASDAQ:USEG) shares shot up 191% to $12.51 after the company announced the acquisition of non-operated producing properties in New Mexico.

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benzinga.com
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News

McCormick&Co Earnings, Revenue Beat in Q3

MKC

Investing.com - McCormick (NYSE:MKC)&Co reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations. McCormick&Co announced earnings per share of $1.53 on revenue of $1.43B. McCormick&Co shares are up 10% from the beginning of the year, still down 11.32% from its 52 week high of $211.07 set on September 3. McCormick&Co's report follows an earnings beat by General Mills on September 23, who reported EPS of $1 on revenue of $4.36B, compared to forecasts EPS of $0.88 on revenue of $4.22B.

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investing.com
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News

Stocks Moving Premarket: Nikola, Big Lots, McCormick

MKC DTRUMP

Nikola Stock Drops, Big Lots Gains and the Dow Is Going Nowhere. House Democrats released a $2.2 trillion stimulus package late Monday and House Speaker Nancy Pelosi is expected to speak with Treasury Secretary Steven Mnuchin on Tuesday. But as attention... Stocks held their ground neat the break-even line early Tuesday as investors braced themselves for the first presidential debate between President Donald Trump and former Vice President Joe Biden. Futures for the Dow Jones Industrial Average fell 36 points, or 0.1%—matching the decline in S&P 500 futures. The stock has been volatile since short selling firm Hindenburg Research issued a research report on the electric-vehicle maker, alleging it misled investors.

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barrons.com
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Monday, September 07


News

What Kind Of Investors Own Most Of McCormick & Company, Incorporated (NYSE:MKC)?

MKC

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in McCormick. BlackRock, Inc. is the second largest shareholder owning 7.7% of common stock, and State Farm Insurance Companies, Asset Management Arm holds about 6.6% of the company stock. A closer look at our ownership figures suggests that the top 22 shareholders have a combined ownership of 50% implying that no single shareholder has a majority. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance.

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simplywall.st
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Monday, August 24


News

McCormick & Company to Participate in Barclays Global Consumer Staples Conference

MKC

HUNT VALLEY, Md., Aug. 24, 2020 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be participating in a fireside chat at the Barclays Global Consumer Staples Conference at 4:00 p.m. Representing McCormick will be Lawrence Kurzius, Chairman, President & CEO and Mike Smith, Executive Vice President & CFO. Go to ir.mccormick.com and follow the directions to listen to the discussion. If you are unable to listen to the live webcast, the event will be archived on our website at ir.mccormick.com. Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor.

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Monday, August 10


News

McCormick & Company, Incorporat - Consensus Indicates Potential -14.0% Downside

MKC

McCormick & Company, Incorporat found using ticker (MKC) now have 9 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 205 and 121 calculating the average target price we see 171.11. Given that the stocks previous close was at 199.05 this would indicate that there is a downside of -14.0%. This segment markets its products under the McCormick, French, Frank’s RedHot, Lawry’s, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names in Australia, as well as markets regional and ethnic brands, such as Zatarain’s, Stubb’s, Thai Kitchen, and Simply Asia.

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  • Business
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Saturday, August 01


News

Survey: Spices and Seasonings Market 2020-26 , McCormick & Company, Ajinomoto Co., Inc. – Counter Current

MKC

It also provides the global Spices and Seasonings market share, availability of new opportunities, and strategical growth over the predicted timespan. The report on the Spices and Seasonings market further comprises supply chain analysis, Spices and Seasonings market trends, Spices and Seasonings market size, and revenue graph of the vital players that are continuously operating in the world Spices and Seasonings market. It gives desirable growth statistics and development status of the global Spices and Seasonings market with product types, major applications, top regions and essential manufacturers. McCormick & Company Ajinomoto Co., Inc. Everest Spices MDH Spices Ariake Japan Baria Pepper British Pepper & Spice Co. Ltd (SHS Group) Olam International Catch (DS Group) Bart Ingredients.

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thecountercurrent.com
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  • Health
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Monday, July 20


News

McCormick & Company, Incorporat - Consensus Indicates Potential -12.1% Downside

MKC

McCormick & Company, Incorporat with ticker code (MKC) have now 9 analysts covering the stock. The range between the high target price and low target price is between 187 and 121 calculating the mean target price we have 166.67. With the stocks previous close at 189.72 this would indicate that there is a downside of -12.1%. This segment markets its products under the McCormick, French, Frank’s RedHot, Lawry’s, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names in Australia, as well as markets regional and ethnic brands, such as Zatarain’s, Stubb’s, Thai Kitchen, and Simply Asia.

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  • Business
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Wednesday, July 15


News

MCCORMICK & CO /SH (NYSE:MKC) Reaches New 52-Week High on Analyst Upgrade

MKC

MCCORMICK & CO /SH traded as high as $191.40 and last traded at $189.22, with a volume of 74391 shares trading hands. Finally, Bank of America downgraded MCCORMICK & CO /SH from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $175.00 to $140.00 in a research report on Thursday, March 19th. In other news, Director Margaret M. V. Preston sold 8,408 shares of the business's stock in a transaction on Thursday, July 2nd. Several hedge funds and other institutional investors have recently added to or reduced their stakes in MKC. Sound Income Strategies LLC acquired a new position in shares of MCCORMICK & CO /SH in the second quarter worth $27,000.

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marketbeat.com
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Friday, July 10


News

McCormick & Company, Incorporat - Consensus Indicates Potential -9.0% Downside

MKC

McCormick & Company, Incorporat found using ticker (MKC) have now 9 analysts covering the stock. The range between the high target price and low target price is between 187 and 121 calculating the average target price we see 166.67. The 50 day MA is 174.39 and the 200 day moving average is 161.22. This segment markets its products under the McCormick, French, Frank’s RedHot, Lawry’s, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brand names in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brand names in Australia, as well as markets regional and ethnic brands, such as Zatarain’s, Stubb’s, Thai Kitchen, and Simply Asia.

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Topics:
  • Business
  • Financial