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

McCormick & Company, Incorporated (NYSE:MKC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.000-3.050 for the period, compared to the consensus 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 Analysts Forecast Growth

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

McCormick & Company, Incorporated Price Performance

NYSE:MKC opened at $68.30 on Tuesday. The company has a market cap of $18.33 billion, a P/E ratio of 23.72, a P/E/G ratio of 3.42 and a beta of 0.63. The firm’s fifty day moving average price is $68.95 and its two-hundred day moving average price is $72.74. McCormick & Company, Incorporated has a one year low of $63.66 and a one year high of $86.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.27.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, October 7th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. McCormick & Company, Incorporated had a net margin of 11.50% and a return on equity of 14.43%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. McCormick & Company, Incorporated’s revenue was up 2.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2025 guidance at 3.000-3.050 EPS. Equities analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its position in McCormick & Company, Incorporated by 25.5% during the 2nd quarter. Advisory Services Network LLC now owns 4,887 shares of the company’s stock worth $345,000 after buying an additional 993 shares during the period. Nomura Holdings Inc. increased its position in McCormick & Company, Incorporated by 101.7% during the second quarter. Nomura Holdings Inc. now owns 5,462 shares of the company’s stock worth $414,000 after acquiring an additional 324,677 shares during the period. Geneos Wealth Management Inc. increased 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 acquiring an additional 411 shares during the period. Parr Mcknight Wealth Management Group LLC raised its stake in McCormick & Company, Incorporated by 2.6% in the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 16,869 shares of the company’s stock worth $1,279,000 after purchasing an additional 427 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $64,000. 79.74% of the stock is owned by institutional investors and hedge funds.

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.