Jefferies:McCormick (NYSE:MKC) Valuation Insights


How Jefferies Currently Rates McCormick (NYSE:MKC)

Equity analysts at Jefferies began coverage on McCormick (NYSE:MKC) with Hold rating. This was issued to clients in an analyst research report on Wednesday morning.

From a total of 7 analysts covering McCormick & Company (NYSE:MKC) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 22% of the ratings are positive. The highest target price is $98 while the lowest target price is $74. The mean of all analyst targets is $83.57 with a 0.56% above today’s ($85.77) stock price. McCormick & Company was the topic of 5 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on October 2 with “Sell” rating. Zacks upgraded MKC stock in a recent report from August 24 to “Hold” rating.

Approximately 141,630 shares of stock traded hands. McCormick & Company, Incorporated (NYSE:MKC) has risen 9.77% since May 13, 2015 and is uptrending. It has outperformed by 12.39% the S&P500.

Analysts await McCormick & Company, Incorporated (NYSE:MKC) to reports earnings on January, 27. They expect $1.17 earnings per share, up 0.86% or $0.01 from last year’s $1.16 per share. MKC’s profit will be $148.42M for 18.33 P/E if the $1.17 EPS becomes reality. After $0.85 actual earnings per share reported by McCormick & Company, Incorporated for the previous quarter, Wall Street now forecasts 37.65% EPS growth.

The overall sentiment of institutions has increased to 1.02 in Q2 2015. Its up 0.15, from 0.87 in 2015Q2. The ratio is positive, as 24 institutions have sold all the shares of McCormick & Company, Incorporated that they owned while 208 funds have taken shares off the table. 64 funds have purchased shares for the first time while 173 added to their positions. These institutions now hold 85.87 million shares or 9.27% less than the 94.64 million shares they owned in 2015Q2.

The Fund Reik & Co. Llc currently is holding shares equating to 8.2% of its total portfolio in McCormick & Company, Incorporated representing a total of 280,838 shares. Another fund,Financial Consulate Inc, is holding a total of 78,419 shares equating to 5.61% of their holdings. Additionally, St. James Investment Company Llc has a 473,859 share stake in McCormick & Company, Incorporated which represents 4.8% of their total portfolio. The Fund, Robshaw & Julian Associates Inc, based out of New York, has also built up a stake in the stock, which represents a total of 3.55% of their total portfolio. Finally Goodman Financial Corp, a fund which is based in the state of Texas reported a total holdings of 66,815 shares.

Insider activity is a very important aspect to track on any stock. Going back to July 14, 2015, shareholders of McCormick & Company, Incorporated have witnessed 0 insider purchases, and a total of 1 sale equating to a net activity of approximately $1.84 million . Stetz Gordon Mckenzie Jr sold 23,094 shares worth approximately $1.84M.

McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry. The company has a market cap of $10.88 billion. The Firm has two business divisions: consumer and industrial. It has 27.74 P/E ratio. Under the Consumer segment, its brands in the Americas include McCormick, Lawry’s and Club House.

According to Zacks Investment Research, “McCormick & Company, a diversified specialty food company, is a global leader in the manufacture, marketing and distribution of spices, herbs, seasonings, flavorings and other specialty food products to the entire food industry. The company also, through subsidiary corporations, manufactures and markets specialty plastic bottles and tubes for food, personal care and other industries. The company operates in three business segments: consumer; industrial; and packaging.”