McCormick & Company (MKC) Receives a Hold from Barclays


In a report issued on June 28, Andrew Lazar from Barclays maintained a Hold rating on McCormick & Company (MKC), with a price target of $150. The company’s shares opened today at $155.04.

According to TipRanks.com, Lazar is a 4-star analyst with an average return of 8.0% and a 67.7% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and Conagra Brands Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for McCormick & Company with a $153.25 average price target, a -1.2% downside from current levels. In a report issued on June 28, Citigroup also maintained a Hold rating on the stock with a $166 price target.

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Based on McCormick & Company’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $149 million. In comparison, last year the company had a net profit of $123 million.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2019, Christina Mcmullen, the VP & Controller of MKC sold 2,000 shares for a total of $308,000.

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.

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