McCormick & Company Receives a Hold from Jefferies

By Austin Angelo

Jefferies analyst Akshay Jagdale reiterated a Hold rating on McCormick & Company (NYSE: MKC) today. The company’s shares opened today at $92.76.

According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 3.5% and a 50.8% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.

McCormick & Company has an analyst consensus of Moderate Buy.

The company has a one year high of $107.84 and a one year low of $78.45. Currently, McCormick & Company has an average volume of 681K.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2016, Patricia Little, a Director at MKC sold 3,750 shares for a total of $402,038.

McCormick & Co., Inc. manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the retail outlets, food manufacturers and foodservice businesses. The company operates its business through the following business segments: Consumer and Industrial. The Consumer business segment operates through the following brands McCormick, Lawry’s, Zatarain’s, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor and DaQiao. The Industrial business segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors. McCormick was founded by Willoughby M. McCormick in 1889 and is headquartered in Sparks, MD.