Citi Reiterates Neutral Rating on McCormick & Company (MKC)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
McCormick & Company (MKC) PT Raised to $96 at BofA Securities
October 2, 2024 6:59 AM EDTBofA Securities analyst Peter Galbo raised the price target on McCormick & Company (NYSE: MKC) to $96.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "Yesterday, MKC reported 3Q24 earnings above street driven by better gross and operating margin. MKC also raised its FY24... More
Goldman Sachs Reiterates Sell Rating on McCormick & Company (MKC)
October 2, 2024 5:34 AM EDTGoldman Sachs analyst Adam Samuelson reiterated a Sell rating and $67.00 price target on McCormick & Company (NYSE: MKC).
The analyst comments "MKC reported adjusted FY3Q24 (Aug) EPS of $0.83, above GSe/Refinitiv consensus of $0.67. Sales of $1.68bn were 2.0% above our estimate, with constant currency sales growth of 0.0% 40bps above our -0.4% forecast and a smaller FX headwind (-0.4% vs. GSe -1.9%) the primary driver of the sales upside. Adjusted EBIT of $288mn was 9.1% above our forecasts (+$0.07), with stronger margins in both segments contributing. Gross margins of... More
McCormick & Company (MKC) PT Raised to $85 at Barclays
October 2, 2024 3:53 AM EDTBarclays analyst Andrew Lazar raised the price target on McCormick & Company (NYSE: MKC) to $85.00 (from $76.00) while maintaining a Equalweight rating.... More
McCormick & Company (MKC) PT Raised to $86 at Jefferies
October 1, 2024 4:13 PM EDTJefferies analyst Rob Dickerson raised the price target on McCormick & Company (NYSE: MKC) to $86.00 (from $85.00) while maintaining a Hold rating.
The analyst comments "Positive vol/mix encouraging with momentum into Q4. MKC posted + y/y vol/mix for the first quarter in... More
CFRA Downgrades McCormick & Company (MKC) to Buy
October 1, 2024 1:10 PM EDTCFRA analyst Arun Sundaram downgraded McCormick & Company (NYSE: MKC) from Strong Buy to Buy with a price target of $93.00 (from $88.00).
The analyst comments "We lift our 12-month target by $8 to $93, 29.1x our FY 25 (Nov.) EPS estimate of $3.20 (up from $3.16; FY 24 up to $3.00 from $2.90) and in line with its... More
McCormick & Co. (MKC) Tops Q3 EPS by 16c ; Offers Guidance
October 1, 2024 6:41 AM EDTMcCormick & Co. (NYSE: MKC) reported Q3 EPS of $0.83, $0.16 better than the analyst estimate of $0.67. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.67 billion.
GUIDANCE:
McCormick & Co. sees FY2024 EPS of $2.85-$2.90, versus the consensus of... More
McCormick & Co. (MKC) Reports Q3, Reaffirms FY24 Outlook
October 1, 2024 6:31 AM EDTMcCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2024 and reaffirmed fiscal 2024 outlook for sales and operating profit.
Sales in the third quarter were comparable to the year-ago period, reflecting volume growth of 1%, partially offset by price. Operating income was $287 million in the third quarter compared to $245 million in the year-ago period. Adjusted operating income was $288 million compared to $251... More