The Somewhat Positive Press Coverage Very Unlikely to Affect McCormick & Company, (MKC) Share Price

The Somewhat Positive Press Coverage Very Unlikely to Affect McCormick & Company, (MKC) Share Price

Here are some of the media headlines that may have impacted AlphaOne’s rankings:

News headlines about McCormick & Company, (NYSE:MKC) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. McCormick & Company, earned a news sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also gave press coverage about the company an impact score of 14 out of 100, indicating that recent press coverage is very unlikely to have an effect on the stock’s share price in the next few days.

Shares of McCormick & Company, (MKC) opened at 105.42 on Monday. The company has a market cap of $13.14 billion, a PE ratio of 28.48 and a beta of 0.48. McCormick & Company, has a 12 month low of $88.64 and a 12 month high of $107.84. The firm’s 50-day moving average price is $101.13 and its 200 day moving average price is $96.96. McCormick & Company, (NYSE:MKC) last released its quarterly earnings results on Tuesday, March 28th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. McCormick & Company, had a net margin of 10.71% and a return on equity of 27.97%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts anticipate that McCormick & Company, will post $4.08 earnings per share for the current fiscal year.

In other McCormick & Company, news, Director Alan D. Wilson sold 207,531 shares of the business’s stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $99.83, for a total transaction of $20,717,819.73. Following the completion of the transaction, the director now directly owns 194,552 shares of the company’s stock, valued at approximately $19,422,126.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maritza Gomez Montiel bought 2,500 shares of McCormick & Company, stock in a transaction on Wednesday, May 3rd. The shares were purchased at an average cost of $99.62 per share, with a total value of $249,050.00. Following the completion of the purchase, the director now directly owns 2,500 shares in the company, valued at $249,050. The disclosure for this purchase can be found here. Insiders own 13.70% of the company’s stock. McCormick & Company, Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MKC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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