McCormick & Company, Incorporated (NYSE:MKC) Sets New 12-Month Low – What’s Next?

McCormick & Company, Incorporated (NYSE:MKC) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $52.35 and last traded at $53.2670, with a volume of 369855 shares traded. The stock had previously closed at $53.25.

Analysts Set New Price Targets

Several research firms recently weighed in on MKC. JPMorgan Chase & Co. lifted their target price on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. UBS Group decreased their price target on McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday. Barclays cut their price objective on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, January 26th. Sanford C. Bernstein restated an “outperform” rating and set a $87.00 price objective on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated presently has an average rating of “Hold” and an average price target of $73.30.

McCormick & Company, Incorporated Trading Down 0.1%

The firm has a 50-day moving average price of $64.87 and a 200-day moving average price of $66.00. The company has a market capitalization of $14.28 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 3.11 and a beta of 0.58. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54.

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

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the sale, the director directly owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the transaction, the director directly owned 31,596 shares in the company, valued at approximately $2,119,775.64. This represents a 13.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,000 shares of company stock valued at $7,947,300 in the last three months. 10.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MKC. Elevation Point Wealth Partners LLC acquired a new stake in McCormick & Company, Incorporated during the 2nd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of McCormick & Company, Incorporated during the third quarter worth $28,000. GoalVest Advisory LLC acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter valued at about $28,000. Deseret Mutual Benefit Administrators increased its position 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 acquiring an additional 164 shares during the period. Finally, Motiv8 Investments LLC bought a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

About McCormick & Company, Incorporated

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.