TD Cowen Issues Pessimistic Forecast for McCormick & Company, Incorporated (NYSE:MKC) Stock Price

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) had its target price decreased by analysts at TD Cowen from $82.00 to $75.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 23.43% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Wall Street Zen upgraded McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Jefferies Financial Group boosted their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, December 15th. Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Finally, Barclays lowered their price target on shares of McCormick & Company, Incorporated from $82.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.80.

Check Out Our Latest Analysis on MKC

McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock opened at $60.76 on Friday. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 3.79 and a beta of 0.62. The company has a fifty day simple moving average of $66.73 and a 200-day simple moving average of $67.79. The company has a quick ratio of 0.29, a current ratio of 0.70 and a debt-to-equity ratio of 0.54.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Activity

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brendan M. Foley sold 57,144 shares of McCormick & Company, Incorporated 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 sale, the chief executive officer owned 108,652 shares of the company’s stock, valued at approximately $7,123,225.12. This represents a 34.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 146,158 shares of company stock worth $9,635,824. 23.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MKC. Tyche Wealth Partners LLC purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth $367,000. Natural Investments LLC acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth about $1,895,000. BSW Wealth Partners purchased a new position in McCormick & Company, Incorporated during the 4th quarter valued at about $233,000. Patton Fund Management Inc. purchased a new position in McCormick & Company, Incorporated during the 4th quarter valued at about $234,000. Finally, Assetmark Inc. grew its position in McCormick & Company, Incorporated by 150.1% in the 4th quarter. Assetmark Inc. now owns 3,937 shares of the company’s stock valued at $268,000 after acquiring an additional 2,363 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

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McCormick & Company, Incorporated Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for McCormick & Company, Incorporated (NYSE:MKC)

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