McCormick & Company, Incorporated (NYSE:MKC) Shares Up 3.3% – Still a Buy?

McCormick & Company, Incorporated (NYSE:MKC)’s share price shot up 3.3% during trading on Monday. The stock traded as high as $48.90 and last traded at $48.8710. 3,276,691 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 3,983,374 shares. The stock had previously closed at $47.29.

Analyst Ratings Changes

A number of research firms have weighed in on MKC. BNP Paribas Exane cut their price objective on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. UBS Group reduced their price objective on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Stifel Nicolaus lowered 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 report on Friday, October 2nd. JPMorgan Chase & Co. dropped their target price on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Finally, Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.30.

McCormick & Company, Incorporated Price Performance

The company has a current ratio of 0.66, a quick ratio of 0.33 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $13.62 billion, a PE ratio of 9.15, a P/E/G ratio of 2.02 and a beta of 0.66. The company has a fifty day moving average price of $48.71 and a two-hundred day moving average price of $53.25.

McCormick & Company, Incorporated (NYSE:MKC) last released 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 firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, October 13th. McCormick & Company, Incorporated’s payout ratio is presently 34.72%.

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the sale, the insider owned 296,992 shares in the company, valued at $15,648,508.48. This represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parvin Asset Management LLC acquired a new stake in shares of McCormick & Company, Incorporated during the second quarter worth about $25,000. Byrne Asset Management LLC purchased a new position in shares of McCormick & Company, Incorporated during the second quarter worth about $30,000. Ancora Advisors LLC acquired a new position in McCormick & Company, Incorporated in the 2nd quarter valued at about $34,000. Essential Partners LLC increased its position in McCormick & Company, Incorporated by 146.5% in the 1st quarter. Essential Partners LLC now owns 742 shares of the company’s stock valued at $37,000 after acquiring an additional 441 shares during the period. Finally, Provenance Wealth Advisors LLC acquired a new position in McCormick & Company, Incorporated in the 3rd quarter valued at about $42,000. 79.74% of the stock is owned by hedge funds and other 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.