McCormick & Company, Incorporated (NYSE:MKC) Given New $67.00 Price Target at Barclays

McCormick & Company, Incorporated (NYSE:MKC) had its target price lowered by Barclays from $72.00 to $67.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 9.80% from the stock’s current price.

MKC has been the subject of a number of other reports. TD Cowen cut their price objective on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a report on Tuesday, October 14th. UBS Group decreased their price objective on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a report on Friday. Wall Street Zen upgraded shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, 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. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average target price of $73.30.

McCormick & Company, Incorporated Stock Up 0.4%

McCormick & Company, Incorporated stock traded up $0.23 during midday trading on Monday, reaching $61.02. The stock had a trading volume of 860,638 shares, compared to its average volume of 4,539,939. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year high of $86.24. The firm’s fifty day simple moving average is $66.73 and its 200-day simple moving average is $67.76. The stock has a market capitalization of $16.38 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 3.78 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70.

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

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on 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 transaction, the insider directly owned 246,762 shares of the company’s stock, valued at $16,639,161.66. The trade was a 16.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brendan M. Foley sold 57,144 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $65.56, for a total transaction of $3,746,360.64. Following the transaction, the chief executive officer directly owned 108,652 shares in the company, valued at $7,123,225.12. The trade was a 34.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,158 shares of company stock worth $9,635,824 in the last 90 days. 23.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Jackson Hole Trust purchased a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $25,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of McCormick & Company, Incorporated in the second quarter worth $27,000. Heartwood Wealth Advisors LLC bought a new stake in McCormick & Company, Incorporated during the third quarter valued at $28,000. GoalVest Advisory LLC bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $28,000. Finally, Curio Wealth LLC grew its stake in McCormick & Company, Incorporated by 39,900.0% in the 2nd quarter. Curio Wealth LLC now owns 400 shares of the company’s stock worth $30,000 after buying an additional 399 shares in the last quarter. Hedge funds and other institutional investors 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.