McCormick & Company, Incorporated (NYSE:MKC) Given Average Rating of “Hold” by Analysts

McCormick & Company, Incorporated (NYSE:MKC) has been given a consensus recommendation of “Hold” by the twelve research firms that are covering the company, 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 1-year price objective among brokerages that have issued a report on the stock in the last year is $73.30.

MKC has been the subject of several research analyst reports. UBS Group dropped their price objective on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. HSBC dropped their price target on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Sanford C. Bernstein reissued an “outperform” rating and set a $87.00 price objective on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Jefferies Financial Group upped their price objective on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Stifel Nicolaus cut their target price 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.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock opened at $71.63 on Friday. The company’s fifty day simple moving average is $66.43 and its two-hundred day simple moving average is $67.19. McCormick & Company, Incorporated has a 12-month low of $59.62 and a 12-month high of $86.24. The firm has a market cap of $19.23 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 4.51 and a beta of 0.61. 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 posted its 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). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were issued a dividend of $0.48 per share. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, December 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 65.53%.

Insider Transactions at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $16,639,161.66. This trade represents a 16.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the sale, the director owned 31,596 shares in the company, valued at $2,119,775.64. This represents a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 65,000 shares of company stock valued at $4,365,800. Corporate insiders own 23.80% of the company’s stock.

Institutional Trading of McCormick & Company, Incorporated

A number of hedge funds and other institutional investors have recently modified their holdings of MKC. Bank of Jackson Hole Trust purchased a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter worth approximately $25,000. Elevation Point Wealth Partners LLC bought a new position in McCormick & Company, Incorporated in the 2nd quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC bought a new position in McCormick & Company, Incorporated in the 3rd quarter valued at approximately $28,000. GoalVest Advisory LLC purchased a new stake in McCormick & Company, Incorporated during the 4th quarter valued at $28,000. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after purchasing an additional 164 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

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.