McCormick & Company, Incorporated (NYSE:MKC) Given Average Recommendation of “Hold” by Analysts

McCormick & Company, Incorporated (NYSE:MKC) has received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $74.10.

A number of equities research analysts recently issued reports on MKC shares. TD Cowen reduced their price target on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Stifel Nicolaus dropped their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a report on Friday, January 23rd. UBS Group reduced their target price on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, December 15th. Finally, Jefferies Financial Group boosted their price target on McCormick & Company, Incorporated from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th.

McCormick & Company, Incorporated Price Performance

NYSE:MKC opened at $64.18 on Tuesday. McCormick & Company, Incorporated has a one year low of $59.62 and a one year high of $86.24. The company has a market cap of $17.23 billion, a P/E ratio of 21.90, a P/E/G ratio of 3.62 and a beta of 0.58. The firm’s fifty day moving average price is $66.90 and its two-hundred day moving average price is $66.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the transaction, the director owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the transaction, the insider owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 115,000 shares of company stock valued at $7,947,300. Corporate insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On McCormick & Company, Incorporated

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in McCormick & Company, Incorporated by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after purchasing an additional 925 shares during the period. Empowered Funds LLC lifted its stake in McCormick & Company, Incorporated by 19.0% in the first quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock valued at $486,000 after buying an additional 941 shares during the period. Woodline Partners LP boosted its holdings in shares of McCormick & Company, Incorporated by 40.9% during the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock worth $1,756,000 after buying an additional 6,189 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 64.0% during the 2nd quarter. Assetmark Inc. now owns 984 shares of the company’s stock worth $75,000 after buying an additional 384 shares in the last quarter. Finally, Savant Capital LLC grew its position in shares of McCormick & Company, Incorporated by 1.6% during the 2nd quarter. Savant Capital LLC now owns 24,660 shares of the company’s stock worth $1,870,000 after buying an additional 379 shares during the period. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private?label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.