McCormick & Company, Incorporated (NYSE:MKC) Receives $74.10 Consensus Price Target from Brokerages

McCormick & Company, Incorporated (NYSE:MKC) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $74.10.

A number of brokerages recently weighed in on MKC. JPMorgan Chase & Co. lifted their target price on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Stifel Nicolaus dropped their price target on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Zacks Research downgraded McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. HSBC reduced their price objective on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $57.65 on Tuesday. The company has a market cap of $15.48 billion, a P/E ratio of 19.68, a P/E/G ratio of 3.25 and a beta of 0.59. The firm’s 50 day moving average is $66.08 and its two-hundred day moving average is $66.54. McCormick & Company, Incorporated has a fifty-two week low of $56.68 and a fifty-two week high of $83.15. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data 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 net margin of 11.54% and a return on equity of 14.27%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue 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. Analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the transaction, the director directly owned 43,029 shares in the company, valued at approximately $2,922,529.68. This represents a 10.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock valued at $7,947,300 over the last ninety days. Corporate insiders own 10.60% of the company’s stock.

Institutional Trading of McCormick & Company, Incorporated

Institutional investors have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC acquired a new position in shares of McCormick & Company, Incorporated during the second quarter worth about $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at about $28,000. GoalVest Advisory LLC acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at about $28,000. Deseret Mutual Benefit Administrators raised its holdings in shares of McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares during the period. Finally, Motiv8 Investments LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $28,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

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.