|Bid||129.62 x 800|
|Ask||129.68 x 800|
|Day's Range||128.76 - 130.00|
|52 Week Range||93.70 - 132.83|
|PE Ratio (TTM)||20.55|
|Earnings Date||Sep 27, 2018|
|Forward Dividend & Yield||2.08 (1.58%)|
|1y Target Est||113.33|
McCormick (MKC) is expected to announce its third-quarter results on September 27. Analysts expect the company to sustain its double-digit sales and EPS growth rate in the third quarter. McCormick’s top line will likely benefit from its recent acquisitions. Meanwhile, continued strength in the company’s underlying business, new products, higher net price realization, and expanded distribution should support its sales growth rate.
General Mills (GIS) continues to disappoint with its soft organic sales and sluggish margins. During its most recent quarter, the company’s management stated that it had managed to improve its organic sales for the fourth consecutive quarter. The company’s gross and operating profit margins have contracted, reflecting continued inflation in input costs and higher transportation charges.
McCormick (MKC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
McCormick (MKC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
General Mills (GIS) reported Q1 2019 net sales of $4.1 billion, which was marginally below analysts’ estimate. But net sales increased 8.6% YoY (year-over-year). Blue Buffalo contributed ~9% to the net sales growth rate.
Index (PMI) data, output in the Consumer Goods sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
After a sideways range between $100-$110 during the first half of 2018, McCormick (NYSE:MKC), a Fortune 1000 company by revenue, finally broke through $110 in early July and closed at $132.29 on Friday, Sept. 14. Despite the recent impressive run-up in the stock price, I expect the uptrend to continue and there are several long strategies in McCormick stock that could lead to impressive profits.
On September 12, Hershey (HSY) announced that it is acquiring Pirate Brands from B&G Foods (BGS) for $420 million. The acquisition of Pirate Brands is a strategic fit for Hershey, as it is expected to strengthen its Amplify Snack Brands portfolio, which is growing at a healthy rate. Hershey’s top line is gaining significantly from its recent acquisition of Amplify Snack Brands, which added 5.9% to its net sales growth rate during the last reported quarter.
HUNT VALLEY, Md. , Sept. 13, 2018 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its Third Quarter 2018 ...
The week on Wall Street brought some interesting quarterly results, along with some notable IPOs, acquisitions, and investigations.
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Did McCormick Stock Get Too Far Ahead of Itself? Analysts maintained a consensus target price of $113.33 per share on McCormick (MKC) stock, which indicates a downside of ~9% based on its closing price of $124.23 on August 29. Analysts think that the expected slowdown in McCormick’s fiscal 2019 sales and earnings growth rate could restrict the upside in the stock.
Incremental sales from acquisitions and benefits from tax reforms are driving double-digit sales and EPS growth. Given the strong financial performance, McCormick stock has increased 21.9% on a YTD (year-to-date) basis as of August 29. McCormick stock trades at 25.0x the fiscal 2018 estimated EPS of $4.97 and at 23.2x the fiscal 2019 estimated EPS of $5.35—both look expensive based on the projected growth rates of 16.7% and 7.6%, respectively, during those periods.
A partnership of B&B Realty Services and Caves Valley Partners is purchasing a part of the former McCormick & Co. office complex in Hunt Valley. The four-story, 128,000-square-foot office building at 211 Schilling Circle will be vacant when the new owners take over in the coming months. After that, the building will be updated with a new roof and mechanical system, said Arthur Adler, a principal with Caves Valley, on Monday.
SPARKS, Md. , Aug. 23, 2018 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be presenting at the Barclays Global Consumer Staples Conference at 9:00 a.m. ...
The stock market's bull market extended to 3,453 days on Wednesday since bottoming out on March 9, 2009.