| 2024-03-28 | +1.03 % |
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| 2024-03-27 | -1.64 % |
- The article provides information about McCormick & Company (MKC) declaring a quarterly dividend of $0.42 per share, making it their 100th year of consecutive dividend payments, and describing the company as a global leader in flavor. The reason for McCormick & Company stock going down by -1.64% could be influenced by various factors such as market conditions, industry trends, or specific company developments.
- The article discusses Douglas Lane & Associates LLC cutting its holdings in McCormick & Company, Incorporated, which led to a 1.64% decrease in the stock price. The stock went down as institutional investors reduced their stakes in McCormick & Company, Incorporated.
- Summary: McCormick & Co Inc (NYSE:MKC) reported strong financial growth with a rise in net income and earnings per share, driven by strategic pricing and cost-saving initiatives, despite facing challenges such as volume and product mix issues, cost inflation, and economic sensitivity. The company aims to expand globally through acquisitions, innovate to meet consumer trends, and navigate the competitive market dynamics.
Reason for Stock Decrease: The reason for McCormick & Co Inc's stock decrease last night may be influenced by broader economic challenges, such as commodity cost inflation, labor cost increases, and uncertainties related to global economic conditions, which impact the company's operational efficiency and profitability, leading to a decrease in stock value.
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| 2024-03-26 | +10.52 % |
- Summary: McCormick & Company, Inc. (NYSE:MKC) stock rose by 10.52% after reporting better-than-expected earnings results, with the company beating earnings per share estimates and exceeding revenue projections for the quarter.
Reason for stock increase: The stock went up due to McCormick & Company, Inc. surpassing the consensus estimate for earnings per share by $0.05, reporting positive revenue growth compared to the previous year, and updating its guidance for FY 2024 earnings per share, indicating favorable performance and outlook for the company.
- The article discusses McCormick & Company's (MKC) financial results for the first quarter of the year, reporting a 10.52% increase in stock. The stock goes up due to strong first-quarter performance, including sales growth, gross profit margin expansion, operating income increase, and improved earnings per share, driven by pricing actions, cost savings programs, and investments in key categories, despite challenges like strategic business decisions to discontinue low margin businesses.
- McCormick & Company (MKC) stock surged by 10.52% following CFRA's upgrade from Hold to Buy, driven by optimistic views on the company's sequential improvement in volume sales, growth in gross margins, commitment to innovation and marketing, narrowing price gap with store brands, and expectation of stronger margins in the future.
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| 2024-03-21 | +1.09 % |
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| 2024-03-20 | -0.97 % |
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| 2024-03-19 | +1.88 % |
- The article discusses DNB Asset Management AS reducing its holdings in McCormick & Company, Incorporated (MKC) during the fourth quarter, leading to a 1.6% decrease in their shares and other institutional investors either adding or decreasing their stakes, with research analysts providing various ratings and price targets for MKC stock. The stock went up by 1.88% likely due to positive quarterly earnings results that exceeded analysts' expectations, showing growth in revenue and EPS, as well as Director Michael D. Mangan selling shares.
- The article provides an overview of McCormick & Company, Incorporated (NYSE:MKC) stock, stating that it was up 1.88% last night and the company is expected to post quarterly earnings results, with analysts anticipating $0.59 per share for the quarter. The stock's increase could be attributed to the company's previous positive earnings report, which showed beating analysts' estimates, along with favorable guidance for the fiscal year.
- The article discusses Dfpg Investments LLC reducing its holdings in McCormick & Company (MKC) stock by 8.9% during the fourth quarter, as well as other institutional investors modifying their holdings. Despite this decrease in holdings, the MKC stock rose by 1.88%, and the increase could be due to various factors such as positive quarterly earnings results, financial outlook, market demand for spices and flavorful products, and the performance of the company in relation to analysts' ratings.
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| 2024-03-12 | -1.33 % |
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| 2024-02-28 | -0.16 % |
- The article discusses Primoris Services Corporation (NYSE:PRIM) reporting a significant increase in revenue and backlog for the fourth quarter and full year of 2023, showing a positive financial performance with a strong outlook for 2024; unfortunately, it does not relate to McCormick & Company (MKC) stock.
- Summary: McCormick & Company (MKC) has been recognized in Barron's 100 Most Sustainable Companies list for 2024, ranking 33rd overall as it continues to focus on environmental, social, and governance measures.
Reason for stock being down: Without specific information about why the stock went down on the recent evening, it is important to note that stock prices can be influenced by a variety of factors such as market sentiment, economic conditions, company performance, news events, or analyst reports.
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| 2024-02-26 | -0.29 % |
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| 2024-02-23 | +0.43 % |
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| 2024-02-15 | +0.86 % |
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| 2024-02-07 | -2.13 % |
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| 2024-02-06 | +1.82 % |
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| 2024-02-05 | -2.7 % |
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| 2024-02-02 | -1.47 % |
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| 2024-01-31 | -1.6 % |
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| 2024-01-30 | +1.01 % |
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| 2024-01-29 | -0.72 % |
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| 2024-01-26 | +0.7 % |
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| 2024-01-25 | +4.29 % |
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| 2024-01-24 | -1.53 % |
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| 2024-01-23 | +3.39 % |
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| 2024-01-17 | -0.25 % |
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| 2024-01-03 | -0.83 % |
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| 2024-01-02 | +1.64 % |
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| 2023-12-11 | +1.13 % |
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| 2023-12-08 | -0.94 % |
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| 2023-12-04 | +1.21 % |
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| 2023-11-29 | -1.12 % |
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| 2023-11-21 | -0.38 % |
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| 2023-11-10 | +0.59 % |
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| 2023-11-07 | +0.09 % |
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| 2023-11-02 | +1.11 % |
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| 2023-10-31 | +0.19 % |
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| 2023-10-23 | +1.81 % |
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| 2023-10-17 | +0.59 % |
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| 2023-10-13 | +2.4 % |
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| 2023-10-12 | -3.97 % |
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| 2023-10-06 | -1.28 % |
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| 2023-10-03 | -8.46 % |
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| 2023-10-02 | -1.22 % |
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