McCormick & Company, Incorporated (NYSE:MKC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 28, 2016
Boasting a price of $92.30, McCormick & Company, Incorporated (NYSE:MKC) traded -0.04% lower on the day. With the last stock price close down -6.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. McCormick & Company, Incorporated has recorded a 50-day average of $93.77 and a two hundred day average of $98.66. Volume of trade was down over the average, with 317,745 shares of MKC changing hands under the typical 676,439
Zacks Investment Research has downgraded McCormick & Company, Incorporated (NYSE:MKC) to Hold in a statement released on Monday November 28, 2016.
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McCormick & Company, Incorporated has a 52 week low of $78.45 and a 52 week high of $107.84 with a P/E ratio of 25.47 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 9 brokers have issued a report on the company. The average stock price target is $97.78 with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 7 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About McCormick & Company, Incorporated (NYSE:MKC)
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company operates in two segments: consumer and industrial. Its brands in the Americas include McCormick, Lawry's, Stubb's, Club House, Zatarain's, Thai Kitchen and Simply Asia. In Europe and the Middle East and Africa (EMEA), the Company's brands include the Ducros, Schwartz, Kamis, Drogheria & Alimentari, and a line of Vahine brand dessert items. In the Asia/Pacific region, it markets products under the McCormick and DaQiao brands in China. In Australia, it markets its spices and seasonings under the McCormick brand and its dessert products under the Aeroplane brand. In India, its joint venture trades under the Kohinoor brand. The industrial segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors.
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