Analysts Set McCormick & Company, Incorporated (NYSE:MKC) PT at $73.30

McCormick & Company, Incorporated (NYSE:MKC) has been given a consensus recommendation of “Hold” by the twelve research firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $73.30.

MKC has been the subject of several recent research reports. Jefferies Financial Group upped their price target on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Stifel Nicolaus dropped their price target on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Sanford C. Bernstein reiterated 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 price objective for the company in a report on Monday, December 15th.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the sale, the director owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 115,000 shares of company stock valued at $7,947,300. Company insiders own 23.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MKC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in McCormick & Company, Incorporated by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock valued at $2,854,000 after purchasing an additional 925 shares in the last quarter. Empowered Funds LLC grew its holdings in McCormick & Company, Incorporated by 19.0% during the first quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after acquiring an additional 941 shares during the period. Woodline Partners LP raised its position in McCormick & Company, Incorporated by 40.9% in the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock worth $1,756,000 after acquiring an additional 6,189 shares in the last quarter. Callan Family Office LLC raised its position in McCormick & Company, Incorporated by 80.0% in the second quarter. Callan Family Office LLC now owns 5,058 shares of the company’s stock worth $383,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Blue Trust Inc. raised its position in McCormick & Company, Incorporated by 32.0% in the second quarter. Blue Trust Inc. now owns 2,048 shares of the company’s stock worth $155,000 after acquiring an additional 497 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC stock opened at $69.19 on Friday. The company has a market cap of $18.57 billion, a P/E ratio of 23.61, a PEG ratio of 4.57 and a beta of 0.61. The business has a 50 day moving average of $66.87 and a two-hundred day moving average of $67.12. McCormick & Company, Incorporated has a 52 week low of $59.62 and a 52 week high of $86.24. 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 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 company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the business posted $0.80 EPS. The company’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, analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

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.