McCormick & Company, Incorporated (NYSE:MKC) Reaches New 1-Year Low – Here’s Why

McCormick & Company, Incorporated (NYSE:MKC) shares hit a new 52-week low on Wednesday . The company traded as low as $56.40 and last traded at $56.5470, with a volume of 149806 shares changing hands. The stock had previously closed at $57.08.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MKC. Zacks Research cut shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Stifel Nicolaus cut their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised 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. TD Cowen decreased their target price on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, HSBC lowered their price target on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.10.

McCormick & Company, Incorporated Stock Performance

The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.22 and a beta of 0.59. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $65.90 and a 200 day moving average of $66.45.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data 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%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Transactions 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 stock was sold at an average price of $67.43, for a total value of $3,371,500.00. Following the completion of the transaction, the insider owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares of the company’s stock, valued at $2,119,775.64. This trade represents a 13.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 115,000 shares of company stock valued at $7,947,300. 10.60% of the stock is currently owned by corporate insiders.

Institutional Trading of McCormick & Company, Incorporated

A number of hedge funds have recently modified their holdings of the stock. Rafferty Asset Management LLC grew its holdings in McCormick & Company, Incorporated by 0.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 21,563 shares of the company’s stock valued at $1,443,000 after buying an additional 157 shares in the last quarter. Ransom Advisory Ltd lifted its position in shares of McCormick & Company, Incorporated by 3.6% during the 4th quarter. Ransom Advisory Ltd now owns 4,625 shares of the company’s stock worth $315,000 after buying an additional 160 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after acquiring an additional 164 shares during the last quarter. Glen Eagle Advisors LLC boosted its position in McCormick & Company, Incorporated by 42.5% in the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after buying an additional 170 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of McCormick & Company, Incorporated by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock valued at $122,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

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.