Jefferies Financial Group Boosts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $81.00

McCormick & Company, Incorporated (NYSE:MKC) had its price objective upped by research analysts at Jefferies Financial Group from $74.00 to $81.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 17.07% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. TD Cowen cut their price target on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Barclays lowered their target price on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, January 26th. Stifel Nicolaus dropped their price target on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. boosted their price objective on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Five research 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, McCormick & Company, Incorporated presently has an average rating of “Hold” and a consensus price target of $74.10.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $69.19 on Wednesday. The company has a market cap of $18.57 billion, a P/E ratio of 23.61, a PEG ratio of 3.85 and a beta of 0.61. The stock has a fifty day moving average price of $67.14 and a 200 day moving average price of $67.12. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. McCormick & Company, Incorporated has a 12 month low of $59.62 and a 12 month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The company 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 business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 246,762 shares in the company, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the transaction, the director owned 43,029 shares in the company, valued at approximately $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 115,000 shares of company stock worth $7,947,300 in the last quarter. 23.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Nuance Investments LLC acquired a new stake in shares of McCormick & Company, Incorporated in the third quarter worth about $15,388,000. Cibc World Market Inc. bought a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at approximately $3,819,000. Envestnet Asset Management Inc. boosted its position in McCormick & Company, Incorporated by 3.5% during the third quarter. Envestnet Asset Management Inc. now owns 878,886 shares of the company’s stock worth $58,806,000 after purchasing an additional 29,418 shares during the period. Strengthening Families & Communities LLC boosted its position in McCormick & Company, Incorporated by 3,178.6% during the third quarter. Strengthening Families & Communities LLC now owns 33,048 shares of the company’s stock worth $2,211,000 after purchasing an additional 32,040 shares during the period. Finally, Savoir Faire Capital Management L.P. grew its holdings in McCormick & Company, Incorporated by 90.0% during the third quarter. Savoir Faire Capital Management L.P. now owns 118,313 shares of the company’s stock valued at $7,916,000 after purchasing an additional 56,049 shares during the last quarter. Hedge funds and other institutional investors 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.