McCormick & Company, Incorporated (NYSE:MKC) Price Target Lowered to $59.00 at Deutsche Bank Aktiengesellschaft

McCormick & Company, Incorporated (NYSE:MKC) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $70.00 to $59.00 in a research report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also weighed in on MKC. UBS Group reduced their target price on McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Barclays lowered their price target on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, January 26th. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Jefferies Financial Group boosted their price objective on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Stifel Nicolaus decreased 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 report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.60.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $53.70 on Monday. McCormick & Company, Incorporated has a fifty-two week low of $51.29 and a fifty-two week high of $83.15. The stock’s 50-day moving average is $63.36 and its two-hundred day moving average is $65.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The firm has a market cap of $14.41 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 3.11 and a beta of 0.58.

McCormick & Company, Incorporated (NYSE:MKC) last announced 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). The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.McCormick & Company, Incorporated’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the completion of the sale, the insider owned 246,762 shares in the company, valued at $16,639,161.66. This represents a 16.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares in the company, valued at $2,922,529.68. This trade represents a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 115,000 shares of company stock valued at $7,947,300. Insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its holdings in McCormick & Company, Incorporated by 5.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 188,557 shares of the company’s stock valued at $12,847,000 after purchasing an additional 9,088 shares during the period. Union Savings Bank acquired a new stake in McCormick & Company, Incorporated in the 4th quarter worth $36,000. Hsbc Holdings PLC increased its holdings in shares of McCormick & Company, Incorporated by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after purchasing an additional 47,119 shares during the period. Mengis Capital Management Inc. increased its holdings in shares of McCormick & Company, Incorporated by 467.1% during the 4th quarter. Mengis Capital Management Inc. now owns 63,200 shares of the company’s stock worth $4,305,000 after purchasing an additional 52,055 shares during the period. Finally, Bayban acquired a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at about $54,000. 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.