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Credit Suisse Sticks to Its Hold Rating for McCormick & Company (MKC)


Credit Suisse analyst Robert Moskow maintained a Hold rating on McCormick & Company (MKC) yesterday and set a price target of $150. The company’s shares closed yesterday at $150.40, close to its 52-week high of $151.42.

According to TipRanks.com, Moskow is a 3-star analyst with an average return of 2.4% and a 52.3% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Campbell Soup, and ConAgra Foods.

McCormick & Company has an analyst consensus of Hold, with a price target consensus of $136.80.

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The company has a one-year high of $151.42 and a one-year low of $96.40. Currently, McCormick & Company has an average volume of 888.8K.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Patricia Little, a Director at MKC sold 5,000 shares for a total of $730,600.

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.

McCormick & Co., Inc. engages in the manufacture, market, 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 Industrial business segments.