Shares of McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) have been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $55.30.
A number of equities research analysts have recently weighed in on MKC shares. Barclays cut their price target on McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, October 2nd. Stifel Nicolaus cut their target price on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating for the company in a research report on Friday, October 2nd. Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price target on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $59.00 price target on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd.
Check Out Our Latest Stock Report on MKC
McCormick & Company, Incorporated Trading Down 0.9%
Shares of MKC stock opened at $47.54 on Wednesday. McCormick & Company, Incorporated has a 1-year low of $43.25 and a 1-year high of $72.41. The stock’s fifty day simple moving average is $49.62 and its 200-day simple moving average is $53.85.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last posted its quarterly earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the company earned $0.85 earnings per share. McCormick & Company, Incorporated’s revenue for the quarter 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. Equities analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.
McCormick & Company, Incorporated Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, October 13th.
Insiders Place Their Bets
In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the transaction, the insider directly owned 296,992 shares of the company’s stock, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.60% of the stock is currently owned by insiders.
Institutional Investors Weigh In On McCormick & Company, Incorporated
Several hedge funds have recently modified their holdings of MKC. North Dakota State Investment Board grew its stake in shares of McCormick & Company, Incorporated by 3.5% in the third quarter. North Dakota State Investment Board now owns 7,796 shares of the company’s stock worth $362,000 after acquiring an additional 266 shares during the last quarter. VestGen Advisors LLC raised its stake in McCormick & Company, Incorporated by 6.2% during the 3rd quarter. VestGen Advisors LLC now owns 12,507 shares of the company’s stock valued at $580,000 after purchasing an additional 729 shares during the last quarter. SYM FINANCIAL Corp boosted its holdings in McCormick & Company, Incorporated by 8.7% in the 3rd quarter. SYM FINANCIAL Corp now owns 5,700 shares of the company’s stock valued at $264,000 after purchasing an additional 455 shares during the period. Independence Bank of Kentucky boosted its holdings in McCormick & Company, Incorporated by 6.4% in the 3rd quarter. Independence Bank of Kentucky now owns 8,095 shares of the company’s stock valued at $376,000 after purchasing an additional 485 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in McCormick & Company, Incorporated by 10.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 28,148 shares of the company’s stock valued at $1,306,000 after purchasing an additional 2,723 shares during the period. 79.74% of the stock is owned by institutional investors.
McCormick & Company, Incorporated Company Profile
McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.
Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.
Founded by Willoughby M.
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