Brokerages Set McCormick & Company, Incorporated (NYSE:MKC) Target Price at $76.63

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) has received a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $75.50.

MKC has been the topic of several recent analyst reports. Barclays reduced their price target on shares of McCormick & Company, Incorporated from $82.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Wall Street Zen raised shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research note on Tuesday, October 14th. Finally, Stifel Nicolaus reduced their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a report on Friday.

View Our Latest Stock Analysis on MKC

McCormick & Company, Incorporated News Summary

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

McCormick & Company, Incorporated Price Performance

Shares of MKC stock opened at $60.76 on Monday. The stock has a 50 day moving average price of $66.73 and a 200 day moving average price of $67.83. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.29 and a current ratio of 0.70. The firm has a market capitalization of $16.31 billion, a P/E ratio of 20.74, a P/E/G ratio of 3.82 and a beta of 0.62.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last released its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. 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 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were paid a dividend of $0.48 per share. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, December 29th. McCormick & Company, Incorporated’s payout ratio is 65.53%.

Insider Activity

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total value of $3,371,500.00. Following the completion of the sale, the insider owned 246,762 shares in the company, valued at approximately $16,639,161.66. The trade was a 16.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brendan M. Foley sold 57,144 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total transaction of $3,746,360.64. Following the completion of the sale, the chief executive officer directly owned 108,652 shares of the company’s stock, valued at $7,123,225.12. The trade was a 34.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 146,158 shares of company stock valued at $9,635,824 over the last 90 days. 23.80% of the stock is currently owned by corporate insiders.

Institutional Trading of McCormick & Company, Incorporated

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased its holdings in shares of McCormick & Company, Incorporated by 4.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock valued at $246,000 after acquiring an additional 148 shares during the period. Rafferty Asset Management LLC grew its stake in McCormick & Company, Incorporated by 0.7% in the third quarter. Rafferty Asset Management LLC now owns 21,563 shares of the company’s stock valued at $1,443,000 after purchasing an additional 157 shares during the last quarter. Ransom Advisory Ltd raised its holdings in McCormick & Company, Incorporated by 3.6% in the fourth quarter. Ransom Advisory Ltd now owns 4,625 shares of the company’s stock worth $315,000 after purchasing an additional 160 shares in the last quarter. ORG Partners LLC raised its holdings in McCormick & Company, Incorporated by 13.2% in the second quarter. ORG Partners LLC now owns 1,484 shares of the company’s stock worth $115,000 after purchasing an additional 173 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC lifted its position in shares of McCormick & Company, Incorporated by 1.0% during the second quarter. Nicholson Wealth Management Group LLC now owns 19,127 shares of the company’s stock valued at $1,450,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

About McCormick & Company, Incorporated

(Get Free Report)

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.

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Analyst Recommendations for McCormick & Company, Incorporated (NYSE:MKC)

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