UBS Group Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $48.00

McCormick & Company, Incorporated (NYSE:MKC) had its price objective reduced by stock analysts at UBS Group from $52.00 to $48.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 7.22% from the stock’s current price.

Several other brokerages also recently issued reports on MKC. Jefferies Financial Group decreased their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. BNP Paribas Exane cut their target price on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday. Barclays decreased their price target on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating and set a $59.00 price objective on shares of McCormick & Company, Incorporated in a report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.10.

McCormick & Company, Incorporated Trading Up 1.4%

NYSE:MKC traded up $0.63 during midday trading on Friday, hitting $44.77. 3,322,455 shares of the company traded hands, compared to its average volume of 3,971,549. The firm’s fifty day moving average is $51.84 and its 200-day moving average is $50.78. McCormick & Company, Incorporated has a 12-month low of $43.25 and a 12-month high of $72.41. The firm has a market capitalization of $12.04 billion, a P/E ratio of 7.44, a P/E/G ratio of 1.87 and a beta of 0.65. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s revenue was up 17.4% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, sell-side analysts predict that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the transaction, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Parvin Asset Management LLC bought a new position in McCormick & Company, Incorporated during the 2nd quarter worth about $25,000. Deseret Mutual Benefit Administrators lifted its holdings in McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after buying an additional 164 shares during the period. Byrne Asset Management LLC bought a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at $30,000. Ancora Advisors LLC bought a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at $34,000. Finally, Union Savings Bank purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at $36,000. Institutional investors own 79.74% of the company’s stock.

More McCormick & Company, Incorporated News

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: McCormick reported adjusted third-quarter earnings of $0.86 per share, exceeding the $0.76 consensus estimate, while revenue of $2.02 billion also topped expectations. Sales increased 17.4% year over year, helped by the McCormick de Mexico acquisition, organic growth and margin expansion. McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 Outlook
• Positive Sentiment: Adjusted operating margin improved to 17.7%, and management is targeting 100–120 basis points of gross-margin expansion in 2026. The company also outlined plans to repay $1.5 billion to $2 billion of debt within two years, which could strengthen the balance sheet and reduce interest costs. McCormick Debt Paydown and Margin Plan
• Positive Sentiment: McCormick reaffirmed fiscal 2026 guidance of $3.05–$3.13 in EPS and $7.7 billion–$8.0 billion in revenue. Investors may also view the pending Unilever foods merger, expected to close by mid-2026, as a potential source of longer-term growth. Shares trade at a depressed valuation with a dividend yield above 4%. McCormick Valuation, Dividend and Unilever Deal Upside
• Neutral Sentiment: The earnings beat was largely acquisition-driven. Organic growth was only 1.9%, indicating that underlying demand and pricing remain modest despite the stronger headline sales growth.
• Negative Sentiment: Reported net income fell to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier. Special charges related to integration and cost actions also caused reported operating margins to decline. McCormick Posts Lower Profit on Higher Sales
• Negative Sentiment: Stifel Nicolaus lowered its price target from $55 to $48 and maintained a “hold” rating, signaling limited upside from current levels and continued caution around McCormick’s growth outlook.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.